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7.4.A. - Page 11 <br /> also include the name "Redwood City Improvement Association" in a font no less than three <br /> quarters the size of the word "District." <br /> 4.6. Reporting to Property Owners within the District. A statement of activities /programs funded <br /> by District Revenues, and the cost of each such activity or program shall be mailed to every <br /> property owner within the District by December 31st of each year during the Term (the <br /> "Activity Statement "). A copy of the Activity Statement and a list of property owner names <br /> and addresses shall be provided to the City no later than December 15th of each year during <br /> the Term. <br /> 4.7. Open Meetings Laws and Public Records. RCIA is an "owners association" as that term is <br /> used in Section 36614.5 of the Streets and Highways Code. RCIA shall comply with the <br /> Ralph M. Brown Act (Chapter 9 (commencing with Section 54950) of Part 1 of Division 2 of <br /> Title 5 of the Government Code), at all times when matters within the subject matter of the <br /> District are heard, discussed, or deliberated, and with the California Public Records Act <br /> (Chapter 3.5 (commencing with Section 6250) of Division 7 of Title 1 of the Government <br /> Code), for all documents relating to activities of the District. <br /> 4.8. Program and Budget Reports. <br /> 4.8.1. Reports, Work Plans and Budgets. On or before April 30, 2015, and quarterly <br /> thereafter, the RCIA shall submit quarterly reports to the City. Copies of Board <br /> minutes and meeting notes should suffice in lieu of any quarterly report. In addition, <br /> RCIA shall also submit an Annual Work Plan and Budget on or before November 30 <br /> for each fiscal year for which Assessments are to be levied and collected (the "Annual <br /> Report and Budget "). The Annual Work Plan and Budget shall be prepared in <br /> accordance with Sections 36622 and 36650 of the Streets and Highways Code, and <br /> Article XIII D of the California Constitution. If changes to the Annual Work Plan <br /> and/or Budget are requested that would require a public hearing and/or a public meeting <br /> pursuant to state law, the Community Benefit Improvement District Ordinance, or <br /> which would affect the Assessment database and resulting budget of the upcoming <br /> fiscal year, then such modification shall be submitted prior to May l sc of each year. The <br /> City must report any changes to the database or boundaries to the County by July 15th <br /> of each year during the Term. The Budget for any year shall not be effective until <br /> approved by the City. <br /> 4.8.2. Budget. Each program or activity specified in the District Plan and succeeding <br /> programs and activities shall be implemented within the approved budget amounts in <br /> accordance with the District Plan and this Agreement. Any obligations or expenditures <br /> not specifically budgeted shall not be paid from District Revenues. <br /> 4.8.3. City's General Fund Not Liable. Neither the City's General Fund, nor any other City <br /> fund, revenue source, or any other City monies, except the actual Assessments levied on <br /> property the City owns in the District under the conditions of Chapter 31 of the <br /> Redwood City Municipal Code shall be collected from the County and transferred to <br /> RCIA. All Parties acknowledge and agree that any unpaid Assessments in the District <br /> ATTY /AGR /2015. 002 /RWC CBID OPERATING AGREEMENT <br /> REV: 01 -05 -2015 PT <br /> Page 5 of 19 <br />