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INSURANCE ON FILE <br />WORK MY PROCEED <br />UN'(IL IN5 JRANCE EXPIRES <br />Cl ERK 0 C N lL <br />LATE: J,AN t, n2 2010 <br />�0% cgkk <br />74\Aa Vv <br />FIRST AMENDMENT TO <br />THE DOWNTOWN MERCHANTS FUND <br />OPERATING AGREEMENT <br />A-2018.302 <br />THIS FIRST AMENDMENT TO THE DOWNTOWN MERCFIANTS FUND OPERATING <br />AGREEMENT is entered into this 18th day of December, 2018, by and between the City of Santa Ana, a <br />charter city and municipal corporation duly organized and existing under the Constitution and laws of the <br />State of California ("City"), and the Santa Ana Business Council, a California non-profit corporation <br />("SABC"). <br />RECITALS <br />A. On January 11, 2018, the City entered into the Downtown Merchants Fund Operating <br />Agreement #A-2017-327 with SABC to create the Downtown Merchants Fund ("DMF") from a <br />portion of downtown parking revenues for continued promotion of the downtown ("said <br />Agreement"). The intent of said Agreement is for SABC to receive $100,000 from the DMF <br />each calendar year that such funding is approved by City Council. <br />B. The City hereby approves an additional $100,000 in DMF funds for use by SABC in 2019 <br />pursuant to the terms and conditions of said Agreement. Additionally, the City hereby approves <br />SABC's 2019 DMF Annual Budget. <br />C. In accordance with the terns and conditions of said Agreement, the parties desire to amend <br />said Agreement to extend the term of said Agreement, add an additional $100,000 in DMF <br />funding for the extended term of said Agreement, and incorporate SABC's 2019 DMF Annual <br />Budget into said Agreement. <br />NOW THEREFORE, in consideration of the mutual and respective promises, and subject to the <br />terms and conditions of said Agreement, except as herein modified, the parties agree as follows: <br />1. Pursuant to the terms of said Agreement, the City Council approved an additional $100,000 <br />in DMF funding for the 2019 calendar year to be utilized by SABC pursuant to SABC's 2019 <br />DMF Annual Budget and the terms of said Agreement. <br />2. Section 1.02, Term, shall be amended to read as follows: <br />"This Agreement shall commence on the date first written above and terminate on <br />December. 31, 2019, unless terminated earlier in accordance with sections 4.02 or 4.05 <br />below." <br />3. Section 2.01, Annual Budget and Program Report, subsection (a), shall be amended to <br />reflect the City's approval of SABC's 2019 DMF Annual Budget, a true and correct copy of <br />which is attached hereto as Exhibit A and incorporated herein by reference. <br />0 <br />