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<br />ORIGINAL <br /> <br />AGREEMENT <br />ECHO Housing <br /> <br />Fair Housing Services <br /> <br />THIS AGREEMENT, made and entered into this .:7J~j- day &f ~ <br /> <br /> <br />2006, by and between the CITY OF REDWOOD CITY, a charter city and municipal <br /> <br /> <br />corporation of the State of California ("City") and ECHO Housing, a California <br /> <br /> <br />nonprofit organization ("Contractor") (collectively the "Parties"). <br /> <br />WIT N E SSE T H: <br /> <br />WHEREAS, Contractor provides fair housing services; and <br />WHEREAS, Contractor has requested financial assistance in order to <br />conduct the program described in the attached Exhibit A (Contractor Objectives), <br />which is incorporated herein by this reference (the "Program"), for residents of <br />City during the fiscal year commencing July 1, 2006, and ending June 30, 2007; <br />and <br /> <br />WHEREAS, City Council has reviewed Contractor's request; finds that <br />providing the financial assistance will benefit Redwood City and its citizens; and, <br />desires to allocate to Contractor the sum of Forty Thousand and no/100 Dollars <br />($40,000). <br />NOW, THEREFORE, the Parties hereby agree as follows: <br />1. FINANCIAL ASSISTANCE. City will allocate to Contractor the sum <br />of Forty Thousand and no/100 Dollars ($40,000) for exclusive use by Contractor <br />during the fiscal year commencing July 1, 2006, and ending June 30, 2007, <br />solely for the purposes described in Paragraph 2. <br />2. USE OF FUNDS. Contractor will use the funds provided pursuant to <br />Paragraph 1 solely for the Program purposes described in Exhibits A (Contractor <br />Objectives) and Exhibit B (Budget). <br /> <br />ATTY/AGR/2006.046 <br />081606 <br />