HomeMy WebLinkAboutC2006-244 - 6/27/2006 - Approved
GIFT AGREEMENT
BETWEEN
THE CITY OF CORPUS CHRISTI
AND THE
FRIENIlS OF CORPUS CHRISTI PUBLIC LIBRARIES
PARKDALE BRANCH LIBRARY
This agreement ("Agreement") is made by and between the City of Corpus Christi
("Cit)",), a home-rule municipal corporation organized under the laws of the State of
fexas. and the Friends of Corpus Christi Public Libraries ("Friends"), an unincorporated
association which solely exists to benefit the City's public libraries.
For and in consideration of the covenants, undertakings, and consideration stated in this
Agreement, the parties mutually agree as follows:
(1) The City accepts a gift ("Gift") from the Friends in an amount not to exceed $55,000,
which will be solely and exclusively for the expansion and renovation of the
Parkdale Branch library.
(2) All interest that accrues on the Gift will be used solely for the expansion and
renovation of the Parkdale Branch Library.
(3) Any portion of the Gift not disbursed by the City within two years from the date of
this Agreement will be reimbursed to the Friends.
(4) This Agreement cannot be assigned, modified, or amended unless both parties
mutually consent to the assignment, modification, or amendment. Additionally, any
assignment, modification, or amendment must be made in writing and executed by
representatives of each party.
(5) This Agreement will be interpreted in accordance with the laws of the State of Texas.
2006-244
06/27/06
Res026833
Friends of C ( Public Libraries
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Executed in duplicate. each of which shall be considered an original, on this the
~-~ 1l--- day of __ k~ 2006.
ATTEST:
Arnlando Chapa
City Secretary
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Approved as to form: _~.:... J.-.
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Veronica Ocanas
Assistant City Attornc\
for the ('it: Attorney
CITY OF CORPUS CHRISTI
~
~rge K. Noe
City Manager
.2006.
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FRIENDS OF CORPUS CHRISTI PUBLIC LIBRARIES
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Ken Kellar. P esident
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By: '-fi!tk~(~/ ~ .
ichael A. Howell, Treasurer
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Date
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