HomeMy WebLinkAboutC2006-351 - 8/29/2006 - Approved
GIFT AGREEMENT
BETWEEN
THE CITY OF CORPUS CHRISTI
AND THE
CORPllS CHRISTI PUBLIC LIBRARY FOUNDATION, INC.
PARKDALE BRANCH LIBRARY
This agreement ("Agreement") is made by and between the City of Corpus Christi
("City"), a home-rule municipal corporation nrganized under the laws of the State of
Texas. and the Corpus Christi Public Library Foundation, Inc. ("Foundation"), an
incorporated 501 (cl C') organization 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 foll(lws:
( 1) rhe City accepts a gift ("Giff") from the Foundation an amount not to exceed
$4.492.87. which will be solely and exclusively for improvements to the Parkdale
Branch Llhrary
(2) '\11 interest that accrues on the CTift will be used solely for this project.
(3) !\ny portIOn of the Gift not disbursed by the City within two years from the date of
this Agreement will be reimbursed to the Foundation.
(4) This Agreement cannot be assigned, modified, or amended unless both parties
mutually consent tn the assignment, modification, or amendment. Additionally, any
assignment. modification, or amendment must be made in writing and executed by
representatives of each part)
(5) fhis Agreement '^ ill be interpreted in accordance with the laws of the State of Texas.
2006-351
08/29106
Res026941
C C Pu hlic Librarv Foundation
.,..,
Executed in duplicat~. each of which shall be considered an original, on this the
~ day Clf:~~,._,.~_,. 2006.
I~Q~-.
Armando Chapa --=-U- .
Citv Secretan
CITY OF CORPUS CHRISTI
~
City Manager
ATTEST:
Approved as to form:~\~~ lLe
2006.
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Veronica Ocanas '-.
AssIstant City\ttornty
for the City Attorney
FRIENDS OF CORPUS CHRISTI PUBLIC LIBRARIES
By
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Paige E Dinn. President
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Lauren Ranly. Tr~
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