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<br />b. To provide oversight to the work of ongoing collaborative efforts <br />and programs within the City that are working toward quality of life <br />improvements. <br /> <br />2. Term. This Agreement shall be binding upon execution by all Parties. <br />Unless earlier terminated, this Agreement will be effective from July 1, 2005 until June <br />30,2006. <br /> <br />3. Structure of Redwood City 2020. <br /> <br />a. Cabinet Committee. The Redwood City 2020 Cabinet Committee is <br />hereby established and shall be composed of directors from the public <br />institutions - the City, County, Elementary School District, and High School <br />District. <br /> <br />b. Coordinatino Council. The Redwood City 2020 Coordinating <br />Council is hereby established and shall be composed of one representative from <br />each of the funding partner's governing boards (and one alternate member from <br />each of these boards). <br /> <br />c. The Cabinet Committee and the Coordinating Council shall follow <br />the structure described in Exhibit A (Governance Structure), which is attached <br />hereto and incorporated herein by reference. <br /> <br />4. Redwood City 2020 Staff. It is understood that Redwood City 2020 will <br />require the services of an Executive Director and related support staff for its day to day <br />operations. The Cabinet Committee will designate the City to contract for the Executive <br />Director, Administrative Secretary and necessary staff on behalf of the Committee. The <br />City will serve as fiscal agent for the employees and related expenses. <br /> <br />5. Fundino. Each of the Parties shall contribute at least twenty-five thousand <br />dollars ($25,000) annually to support the work of Redwood City 2020. The City, County, <br />High School District and Gardner Center acknowledge that they have deposited said <br />amount for Fiscal Year 2006-2007. The Elementary School District acknowledges that <br />they have deposited twenty-two thousand, five hundred dollars ($22,500) for Fiscal Year <br />2006-2007. <br /> <br />a. As Fiscal Agent, the City is authorized to receive money on behalf <br />of Redwood City 2020 and deposit same into a special deposit account in the <br />City's General Fund. The money received on behalf of Redwood City 2020 shall <br />be disbursed as requested by the Redwood City 2020 Executive Director in <br />writing, subject to City administrative procedures. <br /> <br />b. At no time shall the City be under any obligation to disburse money <br />to Redwood City 2020 in excess of the amount on deposit. The Committee <br />acknowledges that money received by the City will not be available for <br /> <br />Atty/Agr/RC2020 Master Agreement <br />040104 <br /> <br />2 <br />