RESPONSIBILITIES OF FOUNDATION. A. Foundation shall be responsible for funding the purchase of materials, construction services, and plant materials for the Xxxxxxxx Xxxx Garden in the amount of $500,000.
RESPONSIBILITIES OF FOUNDATION. 1. The Foundation agrees that, during the term of this Agreement, the Foundation will use its best efforts to solicit, collect, invest (see District Policy 609)and administer funds for the Foundation , which shall be used to enrich the educational programs and facilities of the District. Only donations designated for Foundation operations may be used in that manner.
RESPONSIBILITIES OF FOUNDATION. A. Foundation shall be responsible for funding of a portion of the purchase and installation of sculpture currently known as “Blackbird” by Xxxxx Xxxxx as outlined in the attached budget (Appendix A) not to exceed $70,000.
RESPONSIBILITIES OF FOUNDATION. 2.1. In addition to providing a material benefit to the District through the Foundation Services, as additional consideration to the District, the Foundation agrees to pay the District a fixed annual fee of $40,000.00 (paid in equal installments on a quarterly basis) for office occupancy at the District and related utilities, those services described in this Agreement, and a portion of the base salary cost for District staff support time as outlined in Section I. This fee shall not be contingent or subject to fluctuation. The material benefit hereinabove mentioned includes but is not limited to---the Foundation shall pay the proceeds from endowment earnings, subject to market fluctuations as described below, and from other fundraising activities, less any amounts required to operate the Foundation, directly to District programs through the District Auxiliary Services Foundation or to scholarships to current and graduating students at the Napa Valley College. In each case, such payments shall be pursuant to the instructions given by the donor for that portion of the endowment. "Endowment earnings" includes amounts earned from the Foundation's current endowment and from any additions to said endowment. The parties acknowledge that earnings shall be determined by the current UPMIFA percentages or any future revision or replacement thereto. The parties acknowledge that the endowment is invested in securities and these may fluctuate in value, so that the amounts realized from earnings may vary from year to year. The Foundation Services are an enforceable obligation of the Foundation and if the Foundation reduces or eliminates significantly these Foundation Services, the District may proportionally reduce its support provided to the Foundation described in Section 1 of this Agreement.
RESPONSIBILITIES OF FOUNDATION. A. Foundation shall be responsible for contracting with a construction company to construct a fountain in Founders Park at Corporate Xxxxx. The fountain is to be constructed in accordance with the design, site location, and total budget of $300,000 as approved by the Overland Park City Council on April 10, 2006. The construction company selected by the Foundation to construct the fountain shall be approved by the Corporate Xxxxx Office Park.
RESPONSIBILITIES OF FOUNDATION. A. Foundation shall be responsible for the complete funding of the construction of the Serenity Pointe garden as outlined in the attached budget (Appendix A) not to exceed $169,736.00
RESPONSIBILITIES OF FOUNDATION. A. Simultaneous with the execution of this Agreement, Foundation shall execute the Confidentiality Agreement.
RESPONSIBILITIES OF FOUNDATION. A. Foundation shall be responsible for funding the construction and furnishings for the dairy barn silos in the amount of $750,000.
RESPONSIBILITIES OF FOUNDATION. A. Foundation shall be responsible for funding the final design and construction of the Xxxxxx Xxxxxxxx Conservatory in the amount of $580,000.
RESPONSIBILITIES OF FOUNDATION. A. Foundation shall be responsible for funding the purchase of materials, construction services, and plant materials for the Train Garden in the approximate amount of $400,000.
