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HomeMy WebLinkAboutItem No. 7CITY OF LADE LSINORE REPORT TO CITY COUNCIL TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: THOMAS P. EVANS INTERIM CITY MANAGER DATE: AUGUST 28, 2012 SUBJECT: COOPERATIVE AGREEMENT WITH RIVERSIDE COUNTY EDA Recommendation Authorize the City Manager to sign a Cooperative Agreement with the County of Riverside EDA. There is no cost associated with this agreement. Background The City of Lake Elsinore needs to take advantage of all the tools and support available from other entities to further the City's Economic Development goals. This includes support of existing businesses in terms of expansion as well as attracting new businesses. Discussion The County EDA has uniquely positioned the County and therefore the cities to be attractive for foreign direct investment, foreign trade sub zones, EB -5 funding, and Export - Import Bank of the U.S. This collaborative agreement is a fundamental tool in accomplishing the City's economic development goals. AGENDA ITEM NO. 7 Page I of 5 Cooperative Agreement with Riverside County EDA August 28, 2012 Page 2 Fiscal Impact There is no compensation due to either party. Prepared and Approved by: Thomas P. Evans l Interim City Manage V Attachment: Cooperative Agreement between the City of Lake Elsinore and the County of Riverside Economic Development Agency Page 2 of 5 COOPERATIVE AGREEMENT BETWEEN THE CITY OF LAKE ELSINORE AND THE COUNTY OF RIVERSIDE ECONOMIC DEVELOPMENT AGENCY THIS COOPERATIVE AGREEMENT ( "Agreement') is made and entered into this 14'" day of August, 2012 ( "Effective Date "), by and between the CITY OF LAKE ELSINORE ( "City "), a California municipality and the COUNTY OF RIVERSIDE ECONOMIC DEVELOPMENT AGENCY, a public entity ( "County "). RECITALS The City and County (collectively referred to herein as "the Parties ") are committed to working together to promote foreign investment within the City and County; The parties desire to set forth a codified list of efforts enumerating how the City and County will work to attract and cultivate relationships with foreign investment opportunities; The parties desire by this Agreement to provide the methods and goals to strive towards in attracting international trade and foreign investment to the City and County. NOW, THEREFORE, the parties hereto mutually agree as follows: 1. Scope. This Agreement shall set forth the various efforts and goals of the City and County regarding international trade and foreign investment. 2. Term. This Agreement shall be effective on the date first written above and shall remain in effect until December 31, 2015, unless otherwise terminated by the City and County. 3. Compensation. There is no compensation due to either party. 4. Best Efforts. The parties agree to work in cooperation and utilize their best efforts in fostering the establishment and retention of international trade and foreign investment through the following methods: a. The parties will work to promote foreign direct investment within the County and City; b. The parties will work together to attract and retain business that produce and /or manufacture products for export; c. The parties will work together to jointly promote —in print, broadcast, or electronic media - foreign trade, exports, imports for assembly and manufacture and foreign direct investment. d. The County will assist the City and its business community with financing options through its partnership with the Export-Import Bank of the United States; 1 Page 3 of 5 e. The parties will work cooperatively in the effort to expand and staff foreign trade zone 244; f. The parties will work cooperatively to assist businesses who seek to create a sub -zone in association with a foreign trade zone; g. The parties may cooperate on planning foreign trade missions to other nations for the business community to facilitate exports or attract foreign direct investment; h. The County will educate and train City staff in the arena of foreign trade and jointly sponsor educational and training programs for the local business community in conjunction with the Greater Riverside Chamber of Commerce; i. The parties will jointly recognize business within the City that are exporting and present export awards recognizing special achievements; j. The parties will work cooperatively to attract international investors through the EB 5 Visa Program; and k. The parties agree to promote the development and attraction of additional EB 5 Visa Centers within the City and County. I. The office of primary responsibility for this cooperative agreement for the County of Riverside shall be the Economic Development Agency's Office of Foreign Trade and the office of primary responsibility for the City of Lake Elsinore shall be the Economic Development Department. 5. Independent Contractor. In the performance of this Agreement, County, and County's employees, subcontractors and agents, shall act in an independent capacity as independent contractors, and not as officers or employees of the City of Lake Elsinore. County acknowledges and agrees that the City has no obligation to pay or withhold state or federal taxes or to provide workers' compensation or unemployment insurance to County, or to County's employees, subcontractors and agents. County, as an independent contractor, shall be responsible for any and all taxes that apply to County as an employer. 6. General Compliance With Laws. The parties shall keep fully informed of federal, state and local laws and ordinances and regulations which in any manner affect those employed by the parties, or in any way affect the performance of services by the parties pursuant to this Agreement. The parties shall at all times observe and comply with all such laws, ordinances and regulations. The parties represent and warrant that the parties have obtained all necessary licenses to perform the Scope of Work and that such licenses are in good standing. 2 Page 4 of 5 7. Authority. The individuals executing this Agreement and the instruments referenced herein on behalf of the parties each represent and warrant that they have legal power, right and actual authority to bind the entity it represents to the terms of conditions hereof and thereof. 8. Entire Agreement. This Agreement constitutes the final, complete and exclusive statement of the terms of the agreement between the parties pertaining to the subject matter of this Agreement, and supersedes all prior and contemporaneous understandings or agreement of the parties. Neither party has been induced to enter into this Agreement by, and neither party is relying on, a representation or warranty outside those expressly set forth in this Agreement. IN WITNESS WHEREOF, City and County have caused this Cooperative Agreement between the City of Lake Elsinore and the County of Riverside Economic Development Agency to be dully executed on the day and year first above written. CITY OF LAKE ELSINORE By: Interim City Manager ATTEST: By: City Clerk APPROVED AS TO FORM: By: City Attorney RIVERSIDE COUNTY ECONOMIC DEVELOPMENT AGENCY By: Executive Officer ATTEST: 0 Clerk of the Board APPROVED AS TO FORM: LIM County Counsel Page 5 of 5