Agmt15 Redwood City Improvement Association (RCIA)

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. , . also include the name "Redwood City Improvement Association"in a font no less than three quarters the size of the word"District." 4.6. Reportin tg o Propertv Owners within the District. A statement of activities/programs funded by District Revenues, and the cost of each such activity or program shall be mailed to every property owner within the District by December 31 st of each year during the Term (the "Activity Statement"). A copy of the Activity Statement and a list of property owner names and addresses shall be provided to the City no later than December 15th of each year during the Term. 4.7. Open Meetings Laws and Public Records. RCIA is an "owners association" as that term is used in Section 36614.5 of the Streets and Highways Code. RCIA sha11 comply with the Ralph M. Brown Act(Chapter 9 (commencing with Section 54950)of Part 1 of Division 2 of Title 5 of the Government Code), at all times when matters within the subject matter of the District are heard, discussed, or deliberated, and with the California Public Records Act (Chapter 3.5 (commencing with Section 6250) of Division 7 of Title 1 of the Government Code), for all documents relating to activities of the District. 4.8. Program and Bud eg t Reports. 4.8.1. Reports, Work Plans and Budgets. On or before April 30, 2015, and quarterly thereafter, the RCIA shall submit quarterly reports to the City. Copies of Board minutes and meeting notes should suffice in lieu of any quarterly report. In addition, RCIA shall also submit an Annual Work Plan and Budget on or before November 30�' for each fiscal year for which Assessments are to be levied and collected (the "Annual Report and BudgeY'). The Annual Work Plan and Budget shall be prepared in accordance with Sections 36622 and 36650 of the Streets and Highways Code, and Article XIII D of the California Constitution. If changes to the Annual Work Plan and/or Budget are requested that would require a public hearing and/or a public meeting pursuant to state law, the Community Benefit Improvement District Ordinance, or which would affect the Assessment database and resulting budget of the upcoming fiscal year, then such modification shall be submitted prior to May lst of each year. The City must report any changes to the database or boundaries to the County by July 15th of each year during the Term. The Budget for any year shall not be effective until approved by the City. 4.8.2. Bud�et. Each program or activity specified in the District Plan and succeeding programs and activities shall be implemented within the approved budget amounts in accordance with the District Plan and this Agreement. Any obligations or expenditures not specifically budgeted shall not be paid from District Revenues. 4.8.3. City's General Fund Not Liable. Neither the City's General Fund, nor any other City fund,revenue source, or any other City monies, except the actual Assessments levied on property the City owns in the District under the conditions of Chapter 31 of the Redwood City Municipal Code shall be collected from the County and transferred to RCIA. All Parties acknowledge and agree that any unpaid Assessments in the District ATTY/AGR/2015.002/RWC CBID OPERATING A6REEMENT REV:01-05-2015 PT Page 5 of 19