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HomeMy WebLinkAboutAgenda Report - June 20, 2001 I-01AGENDA TITLE: Adopt Resolution Authorizing the City Manager to Execute an Agreement with Lodi Veteran's Monument Foundation for the All Military Veteran's Plaza Project to be Located at the Civic Center Plaza and Appropriate $450,000 for the Project MEETING DATE: June 20, 2001 PREPARED BY: Public Works Director RECOMMENDED ACTION: That the City Council adopt a resolution authorizing the City Manager to execute an agreement with the Lodi Veteran's Monument Foundation for the All Military Veteran's Plaza project to be located at the Civic Center Plaza and appropriate $450,000 for the project. BACKGROUND INFORMATION: The City Council has previously approved the concept plan for the All Military Veteran's Plaza project to be constructed within the Civic Center Plaza between City Hall and Carnegie Forum. The plans have been further reviewed with the public and refined by the architect. The Foundation is prepared to make commitments with artists and other contractors to order materials and begin fabrication of various components while final on-site construction plans are being finalized. The City Council also previously agreed in concept that the City would "front" funds for construction. The attached short agreement between the City and the Foundation has been prepared to formalize this understanding and to allow the City to reimburse the Foundation for their construction expenses. Payments to the Foundation will be administered by the City Manager's office. FUNDING: General fund Capital Reserve Richard C. Prima, Jr. Public Works Director RCP/pmf Attachment cc: Randy Hays, City Attorney Rad Bartlam, Community Development Director Fran Forkas, Water/Wastewater Superintendent APPROVED: H.-DIXON CFUNDINGAGMT Cynthia aynes Cam ity Promotions Coordinator 06/12/01 REPAYMENT AGREEMENT This REPAYMENT AGREEMENT is made by and between the City of Lodi, a municipal corporation ("City") and the Lodi Veteran's Monument Foundation, a California non-profit 501(c)(3) corporation ("Committee") for the purpose of assisting Committee in constructing a veterans memorial in the Civic Center Plaza between City Hall and Carnegie Forum. RECITALS: The committee wishes to construct a veteran's memorial to honor all Lodi area veterans of the Army, Navy, Air Force, Marines, World War II Merchant Marines, and Coast Guard to be completed by Veterans Day 2001. However, the Committee has insufficient time to raise the funds to construct the memorial consistent with its planned completion date. City is willing to provide advance funding for the construction of a veterans memorial in the Civic Center Plaza between City Hall and Carnegie Forum in an amount not to exceed $450,000 so long as the Committee agrees to raise funds to reimburse the City the advanced funds. TERMS AND CONDITIONS: 1. Project. Committee shall retain qualified persons to construct the memorial in accordance with the concept plan approved by the City Council and detailed plans and specifications approved by the Community Development Director and will dedicate the improvements to the City upon completion. 2. Fundraising:. Committee shall use best efforts to raise funds toward the cost to construct the Veterans memorial until the principal balance is paid in full. Committee shall collect all funds it raises in trust for the City and shall pay 100 percent of all funds donated to Committee to the City except for those funds expended on promotional materials. 3. Payments: Committee shall tender to City on or before the first day of each calendar year, beginning July 1, 2001 all amounts raised during the preceding calendar year to pay for the Veterans Memorial. All agreed transactions shall take place at the City of Lodi Finance Department, 212 West Pine Street, Lodi, California 95240. 5. Interest: No Interest shall accrue on the loan. IN WITNESS WHEREOF, the parties hereto, being in agreement with the terms of this writing, have set their hands as follows: CITY OF LODI, a municipal corporation LODI VETERAN'S MONUMENT FOUNDATION H. DIXON FLYNN, City Manager By: Dated: Attest: SUSAN J. BLACKSTON City Clerk Approved as to Form: 4RAD-AZLLV2A. HAYS City Attorney 2 1\LODNn40ENT001\DEPARTMENTS\Administmtimn CAT rMC0NTRACTVetmnW—ri,1Note.dm Dated: RESOLUTION NO. 2001-157 A RESOLUTION OF THE LODI CITY COUNCIL AUTHORIZING THE CITY MANAGER TO EXECUTE AN AGREEMENT WITH LODI VETERAN'S MONUMENT FOUNDATION FOR THE ALL MILITARY VETERAN'S PLAZA PROJECT TO BE LOCATED AT THE CIVIC CENTER PLAZA, AND APPROPRIATE $450,000 FOR THE PROJECT NOW, THEREFORE, BE IT RESOLVED, that the Lodi City Council does hereby authorize the City Manager to execute an agreement with the Lodi Veteran's Monument Foundation for the "All Military Veteran's Plaza" Project to be located at the Civic Center Plaza; and BE IT FURTHER RESOLVED, that $450,000.00 be appropriated from the General Fund Capital Reserve for this project. Dated: June 20, 2001 ------------------------------------------------------------------------- ------------------------------------------------------------------------- I hereby certify that Resolution No. 2001-157 was passed and adopted by the Lodi City Council in a regular meeting held June 20, 2001 by the following vote: AYES: COUNCIL MEMBERS — Hitchcock, Howard, Land, Pennino and Mayor Nakanishi NOES: COUNCIL MEMBERS — None ABSENT: COUNCIL MEMBERS — None ABSTAIN: COUNCIL MEMBERS — None SUSAN J. BLA�KSTON City Clerk 2001-157