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HomeMy WebLinkAbout4427 Contract Number 4427 Vendor KITSAP CO Subject Library - Renovation of ( 5th Street) Department Finance Status Code MOU File Class LEG 12-1 Amount $100000.00 Begin Date 04/21/2004 End Date 12/31/2004 Review Date 02/15/2007 Insurance GL $ Insurance Total $ AL $ Insurance Review Date E&O $ Comments Vault 01/01/2007 MEMORANDUM OF UNDERSTANDING BETWEEN THE CITY OF BREMERTON AND KITSAP COUNTY Downtown Bremerton Library This Memorandum of Understanding is executed by the City of Bremerton (City) and Kitsap County (County) on the date fully executed below. The ptupose of this Memorandum of Understanding ts to clarit'y the County's commitment to pay $100,000 to the City as part of the financing for renovation of the Downtown Bremerton Library (Library). The City has developed a financial plan for renovation of the Library in the aggregate amount $416,000. This plan includes funding by the City, the City's Community Development Block Grant program, a private foundation, the Gates Foundation, a local group, the Friends of the Library, as well as the County. The City's request to the County is for $100,000. This Memorandum clarifies that it is the parties' intent that the County pay thc City $100.000 as noted above from funds currently appropriated in the County's General Fund for "one time" expenditures, and the execution by the parties below documents such intention. The payment of $100,000 shall be paid by the County upon execution, by the City, ora construction contract for renovation of the Library facilities. This funding is contingent on the City securing a Gates Foundation grant for the purpose of renovating the Library. This Memorandum is executed by the parties as follows: By Carv Bozeman Its: Mayor APPROVED AS TO FORM APPROyED AS TO FORM City Attorney / Deputy Prosecuting Attorney G:\BUDGET~DATA\Projects\Bremerton Library\Bremerton Memorandum of Understanding March 24.doc