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2002-320ORDINANCE NO. 04V -.-~,-~p AN ORDINANCE OF THE CITY OF DENTON AUTHORIZING AN AGREEMENT BETWEEN THE CITY OF DENTON, TEXAS AND THE DENTON FESTIVAL FOUNDATION AMENDING THAT CERTAIN AGREEMENT DATED JULY 23, 2002 FOR SUPPLEMENTAL FUNDING FOR THE 2003 DENTON ARTS AND JAZZ FESTIVAL; PROVIDING FOR THE EXPENDITURE OF FUNDS THEREFORE; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the Denton Festival Foundation (the "Organization") provides for the annual Denton Arts and Jazz Festival including the 2003 Festival (the "Program"); and WHEREAS, the City and the Organization have entered into that certain agreement dated July 23, 2002 providing for funding for the Program (the "Festival Agreement"); and WHEREAS, the Organization has requested additional funding which necessitates an amendment to the Festival Agreement, a copy of which is attached to this ordinance and made a part hereof by reference (the "Amendment"); and WHEREAS, the City Council of the City of Denton hereby finds that the Program and the Amendment serve a municipal and public purpose including the promotion of tourism and economic development and the Amendment is in the public interest; NOW, THEREFORE, THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS: SECTION 1. The findings set forth in the preamble of this ordinance are incorporated by reference into the body of this ordinance as if fully set forth herein. SECTION 2. The City Manager, or his designee, is hereby authorized to execute the Amendment and to carry out the duties and responsibilities of the City under the Amendment, including the expenditure of funds as provided in the Amendment. SECTION 3. This ordinance shall become effective immediately upon its passage and approval. PASSED AND APPROVED this the lv~ day of ln/' 2002. EULINE BROCK, MAYOR ATTEST: JEN R WALTERS, CIT SECRETARY BY: SO A OVED AS TO LEGAL FO HERBERT L. P)&3TY, CIT TTORNEY BY: AMENDMENT TO AGREEMENT BETWEEN THE CITY OF DENTON AND THE DENTON FESTIVAL FOUNDATION THIS AGREEMENT is made between the City of Denton, Texas, a municipal corporation (the "CITY"), and the Denton Festival Foundation, Inc. a legal entity incorporated under the laws of the State of Texas (the "FOUNDATION"): WHEREAS, on July 23, 2002 as authorized by Ordinance No. 2002-226 the CITY and FOUNDATION entered into that certain agreement for funding for the 2003 Denton Arts and Jazz Festival the 2002 (the "Festival Agreement"); and WHEREAS, the FOUNDATION has requested additional funds which will require an amendment to the Festival Agreement; and WHEREAS, the Festival and this agreement serve an important public purpose in promoting tourism and economic development in Denton; NOW, THEREFORE, in consideration of the performance of the mutual covenants and promises contained herein, the CITY and the FOUNDATION agree and contract as follows: 1. The Festival Agreement is hereby amended to increase the City funding by $ 2000.00 which funds are to be used for children programming for Festival activities. 2. All other terms and conditions of the Festival Agreement shall remain in full force and EXECUTED to be effective the / 7-"day of d 060-,/JZb&/ 2002. THE CITY OF DENTON, TEXAS ATTEST: ALTE] TARY By: &4ze EULINE BROCK, MAYOR APP. By: DENTO ESTIVALLFFOOUUNDATION, INC. By:~ 161L( Chairman/Director 5 \Our Oac %\Cmtrod M\Fativnl Found m-2nd mpplmirntnl