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AG 1994 10 17
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AG 1994 10 17
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Last modified
3/25/2002 4:34:02 PM
Creation date
11/27/2017 11:59:10 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
10/17/1994
Board
Board of Commissioners
Meeting Type
Regular
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advice and assistance to such corporations or <br /> associations. <br /> <br /> 2. In furtherance of its economic development program, EDC <br />may employ full and part-time staff, including a manager or <br />economic developer, a secretary, and other personnel, purchase, <br />rent, or lease an office and furnish the same, and secure the <br />services of accountants, attorneys, consultants, and others. <br /> <br /> 3. The EDC is authorized to expend the funds provided by the <br />COUNTY for any or all of the uses and purposes set forth in the <br />budget of the EDC, a copy of which is attached to this Agreement as <br />"Exhibit A" and incorporated herein by reference. <br /> <br /> 4. The COUNTY shall allocate and pay to the EDC those funds <br />appropriated to it through the COUNTY's annual budget process in at <br />least monthly payments or more frequently, as agreed upon by COUNTY <br />and EDC. If cash flow allows, COUNTY shall endeavor to fund such <br />obligation during the first quarter of the fiscal year. <br /> <br /> 5. As further financial support for the EDC and pursuant to <br />the Local Government Budget and Fiscal Control Act, the COUNTY <br />shall undertake the accounting, payroll, purchasing and related <br />fiscal duties of and for the EDC, with a separate and segregated <br />trust enterprise fund for such purposes. <br /> <br /> 6. The EDC agrees to hold the COUNTY harmless for any and all <br />liability, damages or claims, including attorney's fees, that might <br />be asserted or suffered by the COUNTY as a result of any act or <br />omission of any of EDC's officers, employees, agents or <br />representatives arising out of this contract. <br /> <br /> <br />
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