HomeMy WebLinkAboutAGREEMENT BETWEEN AUGUSTA GA AND DEVELOPMENT AUTHORITY OF RICHMOND COUNTY $60,560.00 This AGREEMENT is made and entered this 1st day of _January , 2014
between the consolidated government of Augusta, Georgia, a political subdivision of the State
of Georgia (hereinafter referred to as "Augusta "), acting by and through the Augusta, Georgia
Commission, and _Development Authority of Richmond County , (hereinafter referred
to as the "Organization ").
The Augusta, Georgia Commission desires to contract with the above named
Organization and to provide funds to the Organization in exchange for the projects, services
and benefits to be provided by the Organization to Augusta as provided herein.
In accordance with this agreement, the amount of $60,560.00 is now available for
use by the Organization, according to the General Fund Budget adopted on November 19,
2013.
For and in consideration of the mutual covenants and agreements between the parties,
it is agreed as follows:
Augusta agrees to appropriate the following sums to the Organization for the
following purposes:
1. _Recruit new manufacturing, distribution ,assembly and related industrial facilities
and other economic projects for the city of Augusta, Georgia
The Organization agrees to use such funds that it may receive, pursuant to this
Agreement, solely and exclusively for the above described purposes. For each specific
project, the Organization shall provide a Project Budget, attached hereto and incorporated as
part of this agreement.
As further consideration of the disbursement of said funds, the Organization shall
observe all conditions that the law imposes on the use of said funds, which shall include, but
not be limited to, the following:
1. The Organization shall provide Augusta with a narrative description of the program
and a detailed program budget. The budget should include all funding sources that the
Organization anticipates receiving.
2. The Organization shall provide the following information as part of the narrative:
a. Mission Statement
b. Performance Budget Overview
c. Budget Request
d. Summary
3. The Organization shall complete the following forms as part of the budgeting process:
a. Budget Preparation Checklist
b. Agency / Joint Funding Budget Request (Form AJ)
c. Agency / Joint Funding Budget Request Payroll Costs (Form AJ -1)
d. Copy of Agencies most recent financial statements.
4. The Organization shall have an annual audit performed by an independent CPA Firm.
The Organization should specify Augusta, Georgia as a funding source. The
Organization shall provide Augusta a copy of the audited financial statements within
30 days of delivery of the audit by the CPA Firm. Said reports shall be delivered to
Augusta Finance Department, Municipal Building, 530 Greene Street, Augusta, GA
30911 to the attention of Ms. Donna Williams, Finance Director or her Designee.
5. The Organization shall also submit a completed form W -9 to the Augusta Finance
Department.
6. The Organization shall provide their E -Verify number.
- AUGUSTA, GEORGIA COMMISSION
By:
11 Mayor,
77 ' 4 ATTEST:
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ORGANIZATION:
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Ledger: GL GL Budgets and Actnals with Encumbrance Fiscal Year: 2014
Report Date: 04/28/2014 , Fiscal Period: 04
Fund: 101 General Fund Budget Version: PE
)biect Description Budget Actual Encumbrance Balance
)rg. Key: 101075212 Development Authority of Aug
Director: agency
X233111 Legal Advertising 0.00 461.25 0.00 - 461.25
721110 Agency Appropriation 60,560.00 0.00 0.00 60,560.00
Revenue & Transfers In: 0.00 0.00 0.00 0.00
Expenditure and Transfers Out: 60,560.00 461.25 0.00 60,098.75
Net: - 60,560.00 - 461.25 0.00 - 60,098.75
Grand Total (RV & TI) by Fund: 101 0.00 0.00 0.00 0.00
Grand Total (XP & TO) by Fund: 101 60,560.00 461.25 0.00 60,098.75
Net: - 60,560.00 - 461.25 0.00 - 60,098.75
User: SK10679 Page: 1 Current Date: 04/28/2014
Report: GLBudgetandActuals l Current Time: 10:54:49