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Resolution No. 88-67 CITY OF TIGARD, OREGON RESOLUTION NO. 88-&�Z A RESOLUTION AUTHORIZING THE CITY ADMINISTRATOR TO SIGN AN AGREEMENT WITH THE TUALATIN VALLEY ECONOMIC DEVELOPMENT CORPORATION TO PROVIDE ECONOMIC -c VRI,OPlIfFNp SERVICES. WHEREAS, there is a public need to more closely coordinate the economic development efforts in the Tualatin Valley area; and 1?74EREAS, a successful program will depend partly upon the creation of a partnership between, the public and private sectors, such partnership extending to the funding of the program; and WHEREAS THE City Council approved in concept the funding for the TVEDC at its June 27, 1988 Council meeting; NOW, THEREFORE, BE 1'T KL":iULvMJJ by tile TIM-1 City Cn,.nc t--az; The Mayor and City Administrator are herany authorized to sign the attached agreement with the Tualatin Valley Economic Development Corporation. PASSED: This day of , 1988. ATTEST_: Mayor - City of Tigard Ci� Reecoror of Recorder - City of Tigard A$PR A`�TO FORM: it Recorder^ Date br/5734D RESOLUTION NO. 88-_ Page I A G R E E M E N T JOINT FUNDING OF TUB PRIVATE/PUBLIC PARTNERSHIP MtfT`this (fin iUITTilpp The cities of Washington County saek to participate in a more cooperative use of resources to further mutual economic development objectives within the Tualatin Valley. The cities of Washington County acknouledge and support the rola of the Tualatin Valley Economic Devel6pment Corporation (TVEDC) as the private sector counterpart organisation to Washington County to assume a county-wide coordinative role in economic development efforts. AGREEMENT The participating cities of Washington County (see EXHIBIT A) hereby agree to provide financial support to the Tualatin Valley Economic Development Corporation (TVEDC) as the private sector coordinator for economic development in Washington County. Insomuch as the Washington County Board of ``oeoiosisaars is prepared to offer its participation in a coordinated funding elan for TVEDC, the County a cities hereby agree to commit a corresponding amount to TVEDC. The smon=t to be dedicated by each of the participating citieg shall be based on each city's Population as recorded by the Center for Population Research and Census. The dollar contribution shall be calculated at $8.165 per capita as outlined in EXHIBIT B. The term of th• agreement in one year commencing July 1, 1988. This agr*emeut in part or an a whole may be eatendsO. iPO= mutual agreement, this agreement any be emandtsd. Funds "hall be dispersed by each city, in a check made payable to TVEDC, on a quarterly basis (July, October, Jasnuary and April) commencing July 1, 198Fi. PERFORMANCE By Septa1YYcr JV, 1j0V, TIVEDC zust the participating cities, for their review, a one year workplan. The workplan shall include the following elements: Performance check pointe corresponding to quarterly payments Estimated Budget Development: of a coordinated county wide economic development strategy Failure of TVEDC to perform on this agreement may result in its termination or withholding of payments until compliance has been achieved. REPRESENTATION To ensure representation of the cities on TVEDC's Board of Directors, three representatives, city mayors and/or city managers shall be choosen by the cities to serve for one year on TVEDC's Bomrd of Directors. LIABILITY The participating cities shall not be held liable for the existing debts or future debts of TVEDC. THE PARTICIPATING PARTIES ENTER 1NT0 THIS BINDING AGREEMENT IN GOOD FAITH AND IN THE SPIRIT OF PARTNERSHIP. Dated .lune 13 , 1988 Robert H. Col€elt Board Chairman, TVEDC I Wo—mm1mm EXHIBIT A CITY OF BANKS Honorable Howard Steinbach, Mayor C.YTY OF BEAVERTON Honorable Larry Cole. Mayor CITY OF CORNELIUS Honorable j:Lm Lai-klaa. :ayQz Jerry Taylor, City Manager CITY OF DURHAM Honorable Don Stephena.Mayor Jeanne Percy. City Administrator CITY OF FOREST GROVE Honorable Clifford Clark, Mayor Connie Fassler, City Manager CITY OF GASTON Honorable Eva C+ailarn. Mayor CITY OF HILLSBORO Honorable Shirley Huffman, Mayor Eldon Hills, City Manager CITY OF KING CITY Honorable Jean 'Young, Mayor CITY OF NORTH PLAINS Honorable Robert lindel.Jr.,Mayor ,.e CITY OF SH ERGOWOOD _,. Honorable Norma Oyler„ Mayor Jim Rapp. City Manager CITY OF TIGARD Honorable Toa Brian, Mayor v\. _ Robert Jean, City Ac rinistrator v CITY OF TUALATIN Hnnnra h7w i.nanna Th alka� Maanr Stephen Rhode&, City Manager J EXHIBIT B AREAPOPULATION (1) CONTRIBUTION (2) ___`____ _ ___` TOTAL 131,499 $21,697 --------------------------------------------------------------------- Banks 500 $83 Beaverton 38.660 (3) 36_370 Cornelius 5,130 SR46 Durham 785 $130 Forest Grove 12.000 $1,980 Gaston 560 $92 Hillsboro 31.426 (4) $5,185 King City 2.015 $332 North Plains 1,025 $169 Sherwood 2.918 (5) $481 Tigard 24,787 (6) $4,090 Tualatin 11,693 (7) $1,929 (1) Population is based on a July 1, 1987 update provided by the Center for Population Research and Census Portland, Oregon and does not reflect recent annexations. (2) Contribution is based on a commitment of $25,000 from Washington County for the fiscal year beginning July 1, 1988 ($.165 per capita for the unincorporated areas of Wash. Cty.) (3) Reflects recent annexations as recorded March 31, 1988 by the Center for Population Research and Census (4) Ditto footnote (3) �5) Reflects a December 31, 1987 update by the Cencer for Population Research and Census (6) Ditto footnote (5) (7) Ditto footnote (5) w