HomeMy WebLinkAboutLAND BANK AUTHORITY FUNDING $150,000
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7068212520
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RUG RICH CTY FINRNCE
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Agency: Land Bank Authority
Budget Time Frame: 1/1/08 to 12/31/08
Submitted by: Norman Michael
RP~-28-2008 10:35 RUG RICH CTY FINRNCE 7068212520
. " . J- This AGREEINT made and entered this 15th day of 1m1~ary, 2008, between Augusta,
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Georgia, acting by and through the Augusta-Richmond County Commission, a political
subdivision ofthe State of Georgia (hereinafter referred to as "Augusta" or "County"), and the
Augusta, Georgia Land Bank Authoritv, (hereinafter referred to as the "Organization" or
"AGENCY"); WITNESSETH:
WHEREAS, the Augusta~Richmond County Commission desires to contract
with the above named Organization to PROVIDE FUNDS FOR THE OPERA TrONS OF
THE AGENCY
Whereas the amount of$150,000.00 are now available for use by AGENCY.,
according to the GENERAL FUND BUDGET ADOPTED ON DECEMBER 6, 2007;
NOW, THEREFORE, for and in consideration of the mutual covenants and
agreements between the parties, it is agreed as follows:
The County agrees to appropriate the following sums to the Organization for the
purpose of:
Operating Expenses
$150,000.00
The Organization agrees to use such funds that it may receive, pursuant to this
Agreement, solely and exclusively for the above described Project; said Project, lncluding the
Project Budget, is more specifically described at "Exhibits" attached hereto and incorporated
herein.
In consideration of the disbursement of said funds, AGENCY shall observe all
conditions that the law imposes on the use of said funds, which shall include, but not be
limited to, the following
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1. The agen~han provide the county with a narrati~e1iescription of the program. and a
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detailed program budget. The budget should include all funding sources that the
agency anticipates receiving.
2. The Agency shall provide the following infonnation as part ofthe narrative:
a. Mission Statement
b. Performance Budget Overview
c. Budget Request
d. Summary
3. The Agency shall complete the following fonns as part of the budgeting process:
a. Budget Preparation Checklist
b. Agency I Joint Funding Budget Request (Form AJ)
c. Agency / Joint Funding Budget Request Payroll Costs (pow AJ-1)
d. Copy of Agencies most recent financial statements.
4. The agency shall have an annual audit performed by an independent CPA Firm. The
Agency should specify the County as a funding source. The agency shall provide the
County a copy of the audited financial statements within 30 days of delivery of the
audit by the contractor. Said reports shan be delivered to Augusta Finance
Department, Municipal Building Augusta, GA 30911 to the attention of Ms. Donna
Williams, Finance Director or her Designee.
5. The agency shall also submit a completed form W-9 to Augusta Finance Department.
RPR-28-2008 10:36
RUG RICH CTY FINRNCE
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AUGUSTA-RICHMOND COUNTY COM:MISSION
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Mayor ,,', " ,,', ";', ,"\''{
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ATTEST:
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By: "
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Clerk of Commlssh,~, '" .,...,"-. _'..~~ cr
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ORGANIZATION:
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