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HomeMy WebLinkAboutApplied Computer Solutions - 2000-06-19Council/Agency Meeting Held: v Deferred/Continued to: ApproveApproveQ ❑ Conditionally Approved ❑ Denied kl"Zc�� C y ler s Sig ure Council Meeting Date: May 17, 2010 Department ID Number: ED 10-19 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: Honorable Mayor and City Council Members SUBMITTED BY: Fred A. Wilson, City Administrator PREPARED BY: Stanley Smalewitz, Director of Economic Development SUBJECT: Approve and authorize execution of Amendment No. 1 to the Sales Tax Agreement between the City of Huntington Beach and Applied Computer Solutions (ACS) Statement of Issue: The purpose of this Amendment is to extend the existing Agreement with Applied Computer Solutions to rebate a portion of the of annual sales tax increment generated by their taxable sales for ten (10) years, and establish a new formula with which to calculate the rebated amount. Financial Impact: This Agreement is funded through General Fund revenues, using a formula that reimburses a portion of the sales tax revenue generated by Applied Computer Solutions. Funds are available in account 10180101.79350 (Economic Development, Business Development) to cover this expenditure through the remainder of 2009/2010. Recommended Action: Motion to: Approve and authorize execution of the "Amendment No. 1 to Sales Tax Agreement Between the City of Huntington Beach and Applied Computer Solutions." Alternative Action(s): Do not approve and authorize execution of Amendment No. 1 and direct staff accordingly. -29- Item 4. - Page 1 REQUEST FOR COUNCIL ACTION MEETING DATE: 5/17/2010 DEPARTMENT ID NUMBER: ED 10-19 Analysis: Applied Computer Solutions (ACS) is a local computer systems firm providing systems design and integration, security, design, project management, and training and support of computer equipment. ACS' corporate office is located on Springdale Avenue in the Northwest Industrial Area, where they have been since 2001, and previously located on Sampson Lane in Huntington Beach. They have consistently remained as one of the top 25 Huntington Beach sales tax producers during the past several years. Under an Agreement between the City of Huntington Beach and ACS, the City currently rebates a portion of the sales tax increment to ACS that is generated in Huntington Beach. Under the existing Agreement, ACS receives a rebate of 30% of the sales tax increment it generates annually over a base generation of $200,000. If they generate a sales tax increment of over $600,000 annually, ACS then receives a rebate of 35%. The maximum rebate ACS can receive in any one calendar year is $200,000. The Agreement went into effect on July 5, 2000, and expires on June 30, 2010. The Agreement approved by the City Council in 2000, was an effort to keep ACS in Huntington Beach, as they were considering a move to another city to find a site that could accommodate their continuing growth at a lower cost. They made this request to the City for this assistance so they could remain in Huntington Beach, and moved to the Springdale location after the original Agreement was approved. While ACS continues to be a major generator of sales tax, they are also making efforts to cut costs in a challenging economy. They have indicated that options include relocating their corporate offices to another community entirely, or to consider a transfer of its point of sale operations to one or more of its nine other offices outside of Huntington Beach. Either option will result in a loss to the City of all sales tax generated by ACS. With an interest in remaining in Huntington Beach, ACS approached the City with a request to consider an extension of the Agreement prior to its expiration in June. Staff met with ACS and successfully negotiated a reduction in the percentage of sales tax shared. Under the proposed Amendment, ACS shall receive a rebate of 25% of the sales tax increment it generates annually over a base of $200,000. Should they generate a sales tax increment of over $600,000 annually, they will receive a rebate of 35%. The term of the Amendment is for ten (10) years, expiring on June 30, 2020. The Amendment also provides ACS with an exclusive option to request consideration of an increase in the rebate percentage, base generation of sales tax increment, or annual sales tax increment for the second half of the operating period, July 1, 2015-June 30, 2020. However, should the City choose not to consider an increase, or should any such increase not receive approval from the City Council, the rebate amounts will remain the same for the remainder of the operating period. Environmental Status: Not applicable. Strategic Plan Goal: Enhance Economic Development Item 4. - Page 2 -30- MEETING DATE: 5/17/2010 DEPARTMENT ID NUMBEY.—ED—WI-9 Attachrnent(s): Amendment No. 1 to Sales Tax Agreement Between the City of Huntington Beach and Applied Computer Solutions. -31- Item 4® - Page 3 L W ',ATTACHMENT AMENDMENT NO. 1 TO SALES TAX AGREEMENT BETWEEN THE CITY OF HUNTINGTON BEACH AND APPLIED COMPUTER SOLUTIONS THIS AMENDMENT is made and entered into by and between the CITY OF HUNTINGTON BEACH, a California municipal corporation, hereinafter referred to as "City", and APPLIED COMPUTER SOLUTIONS, a California corporation, hereinafter referred to as "Business Owner." WHEREAS, City and Business Owner are parties to that certain agreement, dated July 5, 2000, entitled "Sales Tax Agreement Between the City of Huntington Beach and Applied Computer Solutions" which agreement shall hereinafter be referred to as the "Original Agreement," and City and Business Owner wish to extend the term of the Original Agreement and amend various other Sections of the Original Agreement as set forth below, NOW, THEREFORE, it is agreed by City and Business Owner as follows: 1. Section 1. DEFINITIONS, the following subsections are modified to read: Section 1.2, "Commencement Date" shall mean July 1, 2010. Section 1.6, "Operating Period" shall mean the period beginning with the Commencement Date and expiring ten (10) years later, on June 30, 2020. 2. Section 2. THE PARTIES, subsection 2.1 Business Owner is amended to reflect the mailing address for Business Owner as 15461 Springdale Street, Huntington Beach, CA 92649. 3. Section 4. OBLIGATIONS OF CITY, subsection 4.1 is amended to read as follows: 4.1: Tax Rebate. During the first five years of the operating period (July 1, 2010-June 30, 2015), the rebate shall be provided as follows: - City shall rebate to business owner twenty-five percent (25%) of annual Sales Tax Increment above a base of Two Hundred Thousand Dollars ($200,000) per year generated by the Business Owner within the City of Huntington Beach. Such rebate shall apply to annual Sales Tax Increment above a base of Two Hundred Thousand Dollars ($200,000) up to an Annual Sales Tax Increment of Six Hundred Thousand Dollars ($600,000). If the Sales Tax Increment is at or above Six Hundred Thousand Dollars ($600,000) per year, the tax rebate shall then be calculated at the rate of thirty percent (30%) of annual Sales Tax Increment above the Two Hundred Thousand Dollars ($200,000) base, not to exceed a total rebate of Two Hundred Thousand Dollars ($200,000) per year, all as more particularly set forth in Exhibit "A" to this amendment. 10-2462/45711 Page 1 of 3 - Business Owner shall have an exclusive option to request consideration of an increase in the rebate percentage, base generation of Sales Tax Increment or Annual Sales Tax Increment for the second operating period of July 1,2015-July 1,2020. If the City should choose not to consider an increase, or should a negotiated increase not receive approval by a majority of the City Council, the City shall continue to rebate to business owner, through the remainder of the operating period, not less than twenty-five percent (25%) of annual Sales Tax Increment above a base of Two Hundred Thousand Dollars ($200,000) per year generated by the Business Owner within the City of Huntington Beach. Such rebate shall apply to annual Sales Tax Increment above a base of Two Hundred Thousand Dollars ($200,000) up to an Annual Sales Tax Increment of Six Hundred Thousand Dollars ($600,000). If the Sales Tax Increment is at or above Six Hundred Thousand Dollars ($600,000) per year, the tax rebate shall then be calculated at the rate of thirty percent (30%) of annual Sales Tax Increment above the Two Hundred Thousand Dollars ($200,000) base, not to exceed a total rebate of Two Hundred Thousand Dollars ($200,000) per year. For the entire operating period, or until such time as the Annual Sales Tax Increment is amended by majority vote of the City Council, the City shall not begin paying a reimbursement at the thirty percent (30%) rate until the Sales Tax Increment actually exceeds Six Hundred Thousand Dollars for the fiscal year to date and not merely when a quarterly reimbursement would exceed Six Hundred Thousand Dollars if it were to be annualized. 4. Section 4. OBLIGATIONS OF CITY, subsection 4.3.3 deleted and replaced as follows: 4.3.3. For purposes of reconciling the reimbursement payments City is required to make to Business Owner during any Fiscal Year of the Operating Period, the Sales Tax Increment thresholds set forth in 4.1 shall be prorated on a quarterly basis. 5. Section 6. GENERAL PROVISIONS, subsection 6.13 Notices is amended as follows: 6.13. Notices. Any notice, approval, demand or other communication required or desired to be given pursuant to this Agreement shall be in writing and shall be effective upon personal service (including by means of professional messenger service) or, five (5) days after mailing via United States first-class mail or two (2) days after mailing via Federal Express or other similar reputable overnight delivery service. Any notice shall be addressed as set forth below: If to City: If to Business Owner: City of Huntington Beach Applied Computer Solutions Attn: Director of Economic Development Attn: Mike Davis, CFO 2000 Main Street 15461 Springdale Street Huntington Beach, CA 92648 Huntington Beach, CA 92649 10-2462/45711 Page 2 of 3 Either City or Business Owner may change its respective address by giving written notice to the others in accordance with the provisions of this section. 6. REAFFIRMATION Except as specifically modified herein, all other terms and conditions of the Original Agreement shall remain in full force and effect. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by and through their authorized officers / ?'? A0 /d APPLIED COMPUTER SOLUTIONS By:, print name ITS: (circle one) Chainna(reside)Vice President CITY OF HUNTINGTON BEACH, a municipal corporation of the State of California A INITIATED AN APPROVED: By: A CHA�-r s Director of Economic Deve opment print name ITS: (circle one) Secreta Chief Fin Officer/Asst. Secretary - Trea Administrator APPROVED AS TO FORM: pp r- '�c./� City Attorney L4-j.16 10-2462/45711 Page 3 of 3 EXHIBIT "A" ILLUSTRATIVE SALES TAX REBATES Annual; Salbi3pTax Amount,,Ablove,,.RAp,,e- ACYS , lNet Sales Tax to City 111111; " NMI , '' "A '00'19 >9" $ 250,000.00 $ 50,000 $ 12,500.00 $ 237,500.00 $ 300,000.00 $ 100,000.00 $ 25,000.00 $ 275,000.00 $ 350,000.00 $ 150,000.00 $ 37,500.00 $ 312,500-00 $ 400,000.00 $ 200,000.00 $ 50,000.00 $ 350,000-00 $ 450,000.00 $ 250,000.00 $ 62,500.00 $ 387,500-00 $ 500,000.00 $ 300,000-00 $ 75,000.00 $ 425,000-00 $ 550,000.00 $ 350,000.00 $ 87,500.00 $ 462,500.00 $ 600,000.00 $ 400,000.00 $ 100,000.00 $ 500,000-00 $ 650,000.00 $ 450,000-00 $ 112,500.00 $ 537,500-00 $ 700,000.00 $ 500,000-00 $ 125,000.00 $ 575,000-00 $ 750,000.00 $ 550,000-00 $ 137,500.00 $ 612,500-00 $ 800,000.00 $ 600,000.00 $ 180,000.00 $ 620,000-00 $ 850,000.00 $ 650,000.00 $ 195,000.00 $ 655,000-00 City of Huntington Beach 2000 Main Street ® Huntington Beach, CA 92648 OFFICE OF THE CITY CLERIC JOAN L. FLYNN CITY CLERK May 27, 2010 Applied Computer Solutions Attn: Mike Davis, CFO 15461 Springdale Street Huntington Beach, CA 92649 Dear Mr. Davis: Enclosed for your records is a copy of Amendment No. 1 to the Sales Tax Agreement between the City of Huntington Beach and Applied Computer. Sincerely, JF:pe Enclosure G:foilowup:agrmtltr Sister Cities: Anjo, Japan • Waitakere, New Zealand (Telephone: 714-536-5227 ) • CITY OF HUNTINGTON BEACH 2000 MAIN STREET CALIFORNIA 92648 OFFICE OF THE CITY CLP-RK CONNIE BROCKWAY CITY CLERK LETTER OF TRANSMITTAL OF ITEM APPROVED BY THE CITY COUNCIL/ REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH DATE: 07-19-00 TO: Applied Computer Solutions ATTENTION: Mike Davis, CFO Name 17911 Sampson Lane DEPARTMENT: Street Huntington Beach, CA 92647 REGARDU G: Sales Tax Agreement City, state, Zip See Attached Action Agenda Item E-4 Date of Approval 7-5-00 Enclosed For Your Records Is An Executed Copy Of The Above Referenced Agenda Item. Remarks: Connie Brockway City Clerk Attachments: Action Agenda Page CC: D. Biggs X Agreement X RCA Econ. Dev. Name Department E. Naffah Eton. Dev. Name' Department Name Department Name Department C. Mendoza X Risk Management Dept. x RCA X RCA RCA RCA Bonds Insurance X Deed Other x X Agreement Insurance Other x x Agreement Insurance Other Agreement Insurance Other Agreement Insurance Other X Insurance GTollowup/Letters/coverltr t Te to pho n e: 714-53"2271 � _ 1��p F QV r c - NJATK , V'ri NV- rcU1et J Council/Agency Meeting Held: efer d ontinued to: -1-- S — eo ❑ Approved ❑ Conditionally Approved 0 Denied • Ci I s Signature Council Meeting Date: June 19, 2000 Dep rtment ID Number: ED 00-24 Ce: CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS C-_ SUBMITTED BY: RAY SILVER, City Administrator PREPARED BY: DAVID C. BIGGS, Director of Economic Development__ T SUBJECT: Approve the Retention/Relocation Of Applied Computer Sofutipps Statement of Issue, Funding Source, Recommended Action, Alternative Action(s), Analysis, Environmental Status, Attachment(s) Statement of Issue: Applied Computer Solutions, a California corporation owned by Michael and Sandy Davis of Huntington Beach, is a Huntington Beach computer systems integrator located on Sampson Lane since 1994. ACS provides systems design & integration, system & network security, network design, project management, and training & support of computer equipment. ACS was the City's twenty second largest sales'tax generator during the last quarter of 1999. During the prior four quarters, the business generated over $360,000 in sales tax revenue to the City. ACS has outgrown its current location and has difficulty in identifying a new location in Huntington Beach that meets its needs without incurring extraordinary costs. City staff has assisted Applied Computer Solutions in their site search for a Huntington Beach location, and a suitable location has been identified. ACS is requesting assistance from the City to meet the increased costs associated with retaining its operations in Huntington Beach as opposed to more cost effective locations in other cities. Funding Source: General Fund revenues through a formula that reimburses a portion of the sales tax revenue generated by Applied Computer Solutions. Recommended Action: Motion to: 1. Approve the Sales Tax Agreement between the City of Huntington Beach and Applied Computer Solutions and authorize its execution by the Mayor and City Clerk. 2. Approve an appropriation of $15,000.00 from the General Fund Unappropriated Fund Balance for maximum costs for the 1999-2000 fiscal year. Alternative Actlon[s]: 1. Do not approve the attached Sales Tax Agreement between the City of Huntington Beach and Applied Computer Solutions. 2. Direct city staff/City Attorney to modify the attached Sales Tax Agreement between the City of Huntington Beach and Applied Computer Solutions. 0 • REQUEST FOR CITY COUNCIL ACTION MEETING DATE: June 19, 2000 DEPARTMENT ID NUMBER: ED 00-24 Analysis: The proposed agreement between the City of Huntington Beach and Applied Computer Solutions has an effective date of July 1, 2000. While only half of its sales are taxable, ACS is one of the City's top sales tax producers with a high probability of future growth in taxable sales. ACS currently operates in leased premises, which it has outgrown. ACS has had difficulty in locating a building within Huntington Beach that would accommodate its needs and timing requirements. As such, ACS has been looking also at locations outside of Huntington Beach. There are locations in neighboring communities that generally meet ACS's requirements and timing needs at lower cost than the opportunities in our City. ACS's options are either to move to a city with flex -tech buildings (combined industrial warehouse and commercial office space with increased parking), or to find a building in Huntington Beach with adequate parking. ACS has been looking to meet the parking requirements of its staff, but the parking ratios in the City would require it to find a much larger building. ACS has been looking to lease a larger building in order to meet its near -term and longer -term space needs. The principals of ACS, Mike and Sandy Davis, have bought a larger building in Huntington Beach that they will lease to ACS. The $3 million in improvements to this building and its size, (currently double the needs of ACS), will result in substantially higher occupancy costs. ACS is requesting that the City assist them in meeting some of these extraordinary occupancy costs. In keeping with the general direction provided by Council regarding these types of requests, staff has formulated an offer of assistance, based upon the following: ♦ ACS to invest all required funds upfront; ♦ Offer a rebate of the annual sales tax increment above a base of $200,000 generated by the retention of this use and any increases in taxable sales volume. The rebate shall be 30% until the annual sales tax reaches $600,000, and above $600,000 the rebate level shall increase to 35% above the base; ♦ The rebate shall be applied to repay ACS for a portion of these extraordinary occupancy costs not to exceed $200,000 per year for a period not to exceed 10 years; ♦ Payments to ACS would be made quarterly in arrears following the receipt of the City of the sales tax revenues for the quarter. Further details are included in the attached Agreement prepared by the City Attorney's office. In summary, approval of this agreement will convert a potential significant loss to the General Fund into a possible long-term financial gain for the City. Applied Computer Solutions has identified locations in Garden Grove and Irvine that better meet its needs, and contemplated leaving Huntington Beach if unable to find a suitable site. In addition, other cities have offered ACS an incentive package to induce them to relocate. If ACS moves, the current $360,000 in annual sales tax revenue to the City will become $0. With this agreement, the City retains at least $312,000 of sales tax at the $360,000 level with substantial opportunity for growth in the future. All indications are that ACS will continue to grow. - From the 97198 fiscal year to the 98199 fiscal year, the annual sales tax revenue to the City from ACS increased by $165,000. By the 99100 fiscal year, revenue to the City from ACS will exceed $100,000 over last fiscal year. This agreement will assure that Applied Computer Solutions will remain in Huntington Beach for the foreseeable future. Rcaacs -2- 618/00 8:22 AM REQUEST FOR CITY COUNCIL 11CTION MEETING DATE: June 19, 2000 DEPARTMENT ID NUMBER: ED 00-24 Council Polic Re ardinci Requests For An Appropriatlon Of Funds: As adopted by the City Council in March 1998, all requests for appropriation of funds must meet one of the following criteria: 1) The request is for an unanticipated emergency, 2) The request is required to implement labor negotiations, or 3) The request will be offset by related new revenues. The new appropriation requested is offset by related new revenues retained by the Sales Tax Agreement between the City and Applied Computer Solutions. Environmental Status: Attachment(s): 1►n 1. 1 Sales Tax Agreement Between the City and ACS. 2. Fiscal Impact Statement 3. 1 Certificates of Insurance. RCA Author: Eli Naffah, 5088 RCAACS -3- 6/7100 8:37 AM 0 Sales Tax Agreement Between the City and ACS # E.. N �!AT ;:.1:` '[p. SALES TAX AGREEMENT BETWEEN THE CITY OF HUNTINGTON BEACH AND APPLIED COMPUTER SOLUTIONS THIS SALES TAX AGREEMENT ("Agreement"), dated as of July 5 2000, is entered into by and between the CITY OF HUNTINGTON BEACH, a municipal corporation of the State of California ("City"), and APPLIED COMPUTER SOLUTIONS, a California corporation ("Business Owner"). RECITALS A. Business Owner is in the business of selling computer systems. Business Owner's current point of sale for purposes of the uniform Local Sales and Use Tax Law is located at 17911 Sampson Lane, Huntington Beach, CA 92647. B. Business Owner is currently contemplating relocating its business to a location outside of Huntington Beach because substantially higher occupancy costs would result if Business Owner remained in Huntington Beach. C. City recognizes that relocation of Business Owner to another city will harm the economic vitality of the City. City further recognizes that retention of Business Owner will contribute to the economic vitality of the City, provide additional jobs, expand the City's tax base and otherwise improve economic and physical conditions in the City. D. In order to induce the Business Owner to retain its business in Huntington Beach and lease a 39,000-square-foot premises therein, the City is willing to provide financial assistance to the Business Owner as described in this Agreement, provided that Business Owner leases the 39,000 square foot premises and continues to make Computer Systems Sales within the City during the Operating Period. E. By its approval of this Agreement, the City Council of City finds and determines that this Agreement serves a valid public purpose through expanding economic opportunities for businesses in the City, expanding the City's employment base, and generating Sales Tax that City can utilize to fund general governmental services such as police, fire, street maintenance, and parks and recreation programs. City and Business Owner have agreed that the respective considerations are a fair exchange. F. The City has found that it is of benefit to the City and its citizens that certain obligations be imposed upon Business Owner's current and future place of business and to ensure continued computer systems sales and the resulting increase in sales -tax revenues to the City. 0 • NOW, THEREFORE, based upon the foregoing Recitals and in consideration of the mutual covenants and conditions hereinafter set forth, Business Owner and City agree as follows: DEFINITIONS. The capitalized terms and words used in this Agreement shall have the following meanings unless expressly provided to the contrary: 1.1 'Base Sales Tax Increment" shall mean the first Two Hundred Thousand Dollars (S200,000.00) the City receives in Sales Tax Increment. 1.2 "Commencement Date" means July 1, 2000. 1.3 "Event of Default" means any event so designated in this Agreement. 1.4 "Fiscal Year" means July 1 through June 30. 1.5 "Laws" means all statutes, laws, ordinances, regulations, orders, writs, judgments, injunctions, decrees or awards of the United States or any state, county, municipality or other Governmental Agency. 1.6 "Operating Period" means the period beginning with the Commencement Date and expiring ten (10) years later, on June 30, 2010. 1.7 "Party" means any party to this Agreement. The "Parties" shall be all parties to this Agreement. 1.8 "Penalty Assessments" means penalties, assessments, collection costs and other costs, fees or charges resulting from late or delinquent payment of Sales Tax and which are levied, assessed, or otherwise collected from the business on the Site owing or obligated to pay Sales Tax. 1.09 "Person" means any entity, whether an individual, trustee, corporation, partnership, trust, unincorporated organization, governmental agency or otherwise. 1.10 "Sales Tax Increment" means that portion of taxes derived and received by the City of Huntington Beach from the imposition of the Bradley Burns uniform Local Sales and Use Tax Law, commencing with Section 7200 of the Revenue and Taxation Code of the State of California, as amended, or its equivalent, arising from all businesses and activities conducted on the Sites. Sales Tax Increment shall not include Penalty Assessments, any Sales Taxes levied by, collected for or allocated to the State of California, the County of Orange, a district or any other entity, or any funds paid, granted or allocated to City by the State of California, the County of Orange, a district or any other entity, notwithstanding that such funds received by City are derived or measured by such other entity based upon Sales Taxes. The Sales Tax Increment shall not exceed one percent (1%) upon taxable sales and uses on the Sites. adlagrecApplied-Sales Tax 5'03 2 1.11 "Sites" refer to the properties within the city of Huntington Beach where Business Owner currently operates its business and the new premises located at 15461 Springdale, Huntington Beach, California, which Business Owner will ]ease and wherein Business Owner will -relocate to conduct Computer Systems Sales in the future. 1.12 "Sales Tax" means the tax derived from the Business Owner's business conducted on the Site and a portion of which is a] located to and received by the City pursuant to the Uniform Local Sales and Use Tax Law, commencing with California Revenue and Taxation Code Section 7200 et seq., as amended. 2. THE PARTIES 2.1 Business Owner. Business Owner Applied. Computer Solutions, a California corporation whose mailing address for purposes of this Agreement is: 17911 Sampson Lane, Huntington Beach, California. Wherever the term "Business Owner" is used in this Agreement, the term shall be deemed to refer to Applied Computer Solutions. Business Owner may not assign the rights and obligations of this Agreement to any other person without the written consent of the City, which consent the City may not unreasonably withhold. By executing this Agreement, Business Owner warrants and represents to City that it has the full power and authority to enter into this Agreement and that all authorizations and approvals required to make this Agreement binding upon Business Owner have been duly obtained. 2.2 The City. The City is a municipal corporation, duly organized and existing pursuant to its Charter. 3. OBLIGATIONS OF BUSINESS OWNER 3.1 Agreement. Business Owner hereby covenants and agrees to operate its Business on one or the other Site during the Operating Term. 3.2 Sites. Business Owner shall continue to lease its current Site for operating its Business. Business Owner shall, within a reasonable time, not to exceed one year, relocate its Business to a new Site in Huntington Beach pursuant to a ten-year lease. If Business Owner is unable to lease the building in Huntington Beach, Business Owner and the City Administrator shall negotiate in good faith on an alternative site in the City of Huntington Beach for Business Owner's business. If said negotiations are unsuccessful, either party may terminate this Agreement upon thirty (30) days' written notice to the other party. adlingree::Applied-Sales Tax 5 03 3 3.3 Maximize Sales Tax. During the Operating Period, Business Owner shall use its best efforts, consistent with the requirements of law, to designate the Sites as the point of sale in all sales of its products. 3.4 Indemnification. From the Commencement Date of this Agreement through the Termination Date, Business Owner shall indemnify, defend, and hold harmless City and its officers, employees and agents, from and against all liabilities, obligations, claims, damages, penalties, causes of action, judgments, costs and expenses (including, without limitation, reasonable attorneys' fees and expenses) (collectively "Claims") imposed upon or incurred by or asserted against City arising out of any act or omission of Business Owner its Business; provided, however, that the aforesaid obligations of Business Owner shall not apply to the extent any Claim results from the active negligence or intentional misconduct of City or any of City's officers, employees, agents, or contractors. In the event that any action, suit or proceeding is brought against City by reason of any such occurrence, Business Owner, upon City's request, will, at Business Owner's expense, defend such action, suit or proceeding. 3.5 Insurance. Business Owner shall take out and maintain in.effect through the . Operating Period, at Business Owner's sole cost and expense, the following insurance policies in the minimum amounts specified and in the forms provided below: (i) Comprehensive General Liability in an amount not less than One Million Dollars (SI,000,000) combined single limits for each occurrence for bodily injury, personal injury, and property damage including contractual liability. City and its officials, employees and volunteers shall be covered as additional insureds with respect to liability arising out of activities by or on behalf of Business Owner or in connection with the use or occupancy of the Sites. Coverage shall be in a form reasonably acceptable to the City's Risk Manager and shall be primary as to any insurance or self-insurance maintained by City. (ii) Workers' Compensation as required by the Labor Code of the State of California and Employers' Liability insurance in an amount not less than Two Hundred Fifty Thousand Dollars (5250,000). 3.5.1 Acceptable insurance coverage shall be placed with carriers admitted to write insurance in California, or carriers with a rating of or equivalent (as reasonably determined by City's Risk Manager) to ANIII by A. M. Best & Company. Any deviation from this rule shall require specific written approval from City's Risk Manager. Any deductibles or self -insured retentions in excess of Ten Thousand Dollars must be declared to and approved by City, which approval may not be unreasonably withheld. Coverage under each policy shall not be suspended, avoided, or canceled except after 30 days (or 10 days in the case of nonpayment of premiums) prior written notice to City. Business Owner shall furnish City with certificates of insurance and with original endorsements effecting coverage as required under this section. The certificates and endorsements for each insurance policy shall be signed by a person authorized by the insurer to bind coverage on its behalf. City reserves the right to require complete certified copies of all insurance policies at any time. ad]/agree/Applied-Sales Tax 903 4 0 • 3.6 Local, State and Federal Laws. Business Owner shall carry out the operation of the business in conformity with all applicable local, state and federal laws. 3.7 Anti -discrimination. Business Owner shall not discriminate against any employee or applicant for employment because of age, sex, marital status, race, handicap, color, religion, creed, ancestry, or national origin. 3.8 Business Owner's Representations and Warranties. Business Owner makes the following representations and warranties as of the date of this Agreement and agrees that such representations and warranties shall survive and continue thereafter but shall not be remade after the date of this Agreement. 3.8. l No Litigation. There is no litigation, action, suit, or other proceeding pending or threatened against the Business Owner or the Sites that may adversely affect the validity or enforceability of this Agreement or the Computer Systems Business at the Sites. To the best of Business Owner's knowledge, Business Owner is not in violation of any statute, law, regulation or ordinance, or of any order of any court or governmental entity the effect of which would prohibit the Business Owner from performing its obligations hereunder. 3.8.2 Authority. Business Owner has complied with all governmental requirements concerning its organization, existence and transaction of the Computer Systems Business. Business Owner has the right and power to own and operate its business as contemplated in this Agreement. 3.8.3 No Breach. To Business Owner's knowledge, none of the undertakings contained in this Agreement violate any applicable governmental requirements, or conflicts with, or constitutes a breach or default under, any agreement by which the Business Owner is bound or regulated. 3.8.4 Warranty gainst Payment of Consideration for Agreement. Business Owner warrants that it has not paid or given, and will not pay or give, to any third person, any money or other consideration for obtaining this Agreement, other than normal costs of conducting business and costs of professional services such as accountants and attorneys. 3.9 Release of City Officials. No member, official, agent, employee, or attorney of the City shall be personally liable to Business Owner, or any successor in interest of the Business Owner, in the event of any default or breach by the City or for any amount which may become due to the Business Owner or its successors, or on any obligations under the terms of this Agreement. The Business Owner hereby waives and releases any claim it may have personally against the members, officials, agents, employees, consultants, or attorneys of the City with respect to any default or breach by the City or for any amount that may become due to the Business Owner or its successors, or on any obligations under the terms of this Agreement. adllagree/Applied-Sales Tax 5r03 0 0 4. OBLIGATIONS OF CITY 4.1 Tax Rebate. During the operating period of this Agreement, City shall rebate to Business Owner thirty percent (30%) of annual Sales -Tax Increment above a base of Two Hundred Thousand Dollars (S200,000) per year generated by the Business Owner within the City of Huntington Beach. Such thirty percent (30%) rebate shall apply to annual Sales -Tax Increment above a base of Two Hundred Thousand Dollars (5200,000) up to an annual Sales -Tax Increment of Six Hundred Thousand Dollars ($600,000). If the Sales Tax Increment is at or above Six Hundred Thousand Dollars'($600,000) per year, the tax rebate shall then be calculated at the rate of thirty-five percent (35%) of annual Sales Tax increment above the -Two Hundred Thousand Dollars ($200,000) base, not to exceed a total rebate of Two Hundred Thousand Dollars ($200,000) per year, all as more particularly set forth below. Illustrative Sales Tax Rebates Annual Sales Tax Amount Above Base Rebate to ACS Net Sales Tax to City S 250,000 $ 50,000 S 15,000 $ 235,000 $ 300,000 Is 100,000 ' Is 30,000 $ 270,000 S 350,000 Is 150,000 S 45,000 $ 305,000 S 400,000 $ 200,000 S 60,000 $ 340,000 S 450,000 S 250,000 $ 75,000 S 375,000 S 500,000 S 300,000 $ 90,000 : S 410,000 $ 550,000 S 350,000 $ 105,000 $ 445,000 $ 600,000 $ 400,000 IS 140,000 $ 460,000 $ 650,000 Is 450,000 $ 157,500 $ 492,500 S 700,000 $ 500,000 S 175,000 $ 525,000 $ 750,000 $ 550,000 S 192,500 $ 557,500 $ 800,000 Is 600,000 $ 200,000 IS 600,000 S 850,000 Is 650,000 1 $ 200,000 IS 650,000 4.2 Citv's Obligation to Provide Assistance Conditional on Sales Tax Increment. The City's obligation to provide Business Owner with assistance pursuant to Section 4.1 is conditioned upon Business Owner producing a Sales Tax Increment of not less than Two Hundred Thousand Dollars ($200,000) per fiscal year. To the extent that Business Owner does not meet the Base Sales Tax Increment, then the tax rebate obligations herein shall be reduced to zero. 4.3 Reimbursement Procedures. All City payments as provided for in Section 4.1 will be made on a reimbursement basis only. Business Owner shall be reimbursed on a quarterly basis. adl:'aeree Applied -Sates Tax 5.103 6 • • 4.3.1 Business Owner shall submit to City with each reimbursement request proof of Sales Taxes owed and paid by Business Owner (which proof may be in the form attached as Attachment No. 1). 4.3.2 City shall reconcile Sales Tax Increment each quarter of the Fiscal Year in which the Sales Tax Increment was generated on the Sites. 4.3.3 For purposes of reconciling the reimbursement payments City is required to make to Business Owner during any Fiscal Year of the Operating Period, the Sales Tax Increment thresholds set forth in Section 4.1 herein shall be prorated on a quarterly basis. For example, for the third quarterly reconciliation of the fiscal year beginning July 1, 2000, assume the total amount of Sales Tax Increment paid by Business Owner to the State Board of Equalization between July 1, 2000, and March 31, 2001, is Five Hundred Thousand Dollars (S500,000). The portion of the Base Sales Tax Amount attributable to the July 1 — March 31 period would be One Hundred Fifty Thousand Dollars ($150,000) (75% of $200,000), and the portion of Sales Tax Increment above the base would be Three Hundred Fifty Thousand Dollars ($350,000) for the three quarters. Accordingly, the reimbursement owed by City to Business Owner would be One Hundred Five Thousand Dollars ($105,000) less any reimbursements previously paid for the first two quarters. However, City shall not begin paying a reimbursement at the thirty-five percent (35%) rate until the Sales Tax Increment actually exceeds Six Hundred Thousand Dollars ($600,000) and not merely when a quarterly reimbursement would exceed Six Hundred Thousand Dollars if it were to be annualized. 4.3.4 The City shall finally determine if the Business Owner has met the Sales Tax Increment threshold for each Fiscal Year for purposes of reconciling the reimbursement payments pursuant to Section 4.1, as soon as the City has confirmed receipt of Sales Tax Increment for the same Fiscal Year. If it is determined that there was an overpayment or underpayment of the quarterly reimbursement payment, then the City shall be entitled to a credit or the Business Owner shall be entitled to an additional payment concurrently with the next . reimbursement payment due. 4.4 Confirmation that Sales Tax Increment Has Been Received. City may confirm that Sales Tax Increment has been received in one of several ways. First, Business Owner shall provide City, using the form provided as "ATTACHMENT NO. 1", with copies of the quarterly (or, if applicable, monthly) Board of Equalization reports filed by Business Owner together with a copy of its canceled check or other proof of payment of Sales Tax reasonably satisfactory to City. City also may rely upon the Board of Equalization report, which follows payment to City setting forth the sources of City's portion of the Sales Tax. Should City rely upon Board of Equalization for reports, Business Owner may challenge the accuracy of such reports. 4.5 Legal Challenge. Should any third party successfully challenge the validity of this Agreement through a taxpayer suit or otherwise, either party may terminate this Agreement upon thirty (30) days written notice. adl:agrmApplied-Sales Tax 5:`03 • 4.6 Contingent Liability and Limitations . The tax rebate obligations of the City of Huntington Beach shall be subject to the provisions of City Charter Section 605, regarding annual budget appropriations, and shall not exceed the sum of Two Hundred Thousand Dollars (5200,000) per fiscal year, nor be payable for a period in excess of the ten-year operating period after relocation to the new site. 5. DEFAULTS AND REMEDIES 5.1 Events of Default. The following shall initiate the default sequence: (a) If Business Owner materially breaches any of its obligations under Sections 3.1 through 3.7 of this Agreement. (b) If Business Owner is found by a trier of fact, after hdaring, to be in violation of any Local, State or Federal law. (c) If Business Owner is found by a trier of fact, after hearing, either to be in violation of any anti -discrimination regulation or to be liable in a suit for discrimination. (d) If Business Owner fails to provide the City with copies of the quarterly (or, if applicable, monthly) Board of Equalization reports filed by its Business Owner together with a copy of its canceled check or other proof of payment of Sales Tax reasonably satisfactory to City, as required pursuant to Section 4.3. (e) If City fails to timely pay its obligations hereunder. When any of the initiating events occur, City or Business Owner may give the other written notice to cure. Where such act or omission is not cured within thirty (30) days after that Party's receipt of written notice that such -obligation was not performed, it shall constitute an Event of Default; provided that, if cure cannot reasonably be effected within such 30-day period, such failure shall not be an Event of Default so long as the Party promptly (in any event, within 10 days after receipt of such notice) commences cure, and thereafter diligently (in any event within a reasonable time after receipt of such notice) prosecutes such cure to completion. 5.2 Remedies Upon Default. Upon the occurrence of any Event of Default, and thirty (30) days after written notice of default, and after a reasonable opportunity to cure such default, City or Business Owner, as appropriate, may terminate this Agreement and file any action available in law or equity. 6. GENERAL PROVISIONS 6.1. Time of the Essence. Time is of the essence of this Agreement and all Parties' obligations hereunder. ad]/agree/Applied-Sales Tax 5103 8 6.3 Venue. In the event of any litigation hereunder, all such actions shall be instituted in the Superior Court of the County of Orange, State of California, or in an appropriate municipal court in the County of Orange, State of California or an appropriate Federal District Court in the Southern District of California. 6.4 Applicable Law_. The laws of the State of California shall govern the interpretation and enforcement of this Agreement. 6.5 Execution in Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be an original, but all of which shall constitute one and the same instrument. 6.6 Attachments Incorporated. The Attachment to this Agreement is incorporated herein by this reference. 6.7 Copies. Any executed copy of this Agreement.shall be deemed an original for all purposes. 6.8 Severability. If any one or more of the provisions contained herein shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability, unless it affects the substantial rights of a party or defeats the purpose of this Agreement, shall not affect any other provision of this Agreement, but this Agreement shall be construed as if such invalid, illegal or unenforceable provision had not been contained herein. 6.9 Interpretation. The language in all parts of this Agreement shall in all cases be construed as a whole according to its fair meaning, and not strictly for or against any party. When the context of this Agreement requires, the neuter gender includes the masculine, the feminine, a partnership or corporation or joint venture or other entity, and the singular includes the plural. 6.10 No Partnership or Joint Venture. The parties hereto agree that nothing contained in this Agreement shall be deemed or construed as creating a partnership, joint venture, or association between City and Business Owner; or cause City or Business Owner to be responsible in any way for the debts or obligations of the other, and no other provision contained in this Agreement nor any acts the parties hereto shall be deemed to create any relationship between City and Business Owner other than that of contracting parties. Further, nothing herein shall give or is intended to give any rights of any kind to any person not an express party hereto. 6.11 Intimation. This Agreement, including the Attachments attached hereto, is the entire Agreement between and final expression of the parties, and there are no agreements or representations between the parties except as expressed herein. All prior negotiations and agreements between City and Business Owner with respect to the subject matter hereof are superseded by this Agreement. Except as otherwise provided herein, no subsequent change or addition to this Agreement shall be binding unless in writing and signed by the parties hereto. adVagree;'Applied-Sates Tax 5.103 9 E • 6.12 Nonwaiver. None of the provisions of this Agreement shall be considered waived by any party except when such waiver is given in writing. The failure of any party to insist in any one or more instances upon strict performance of any of its rights hereunder shall not be construed as a waiver of any such provisions or the relinquishment of any such rights for the future, but the same shall continue and remain in full force and effect. 6.13 Notices. Any notice, approval, demand or other communication required or desired to be given pursuant to this Agreement shall be in writing and shall be effective upon personal service (including by means of professional messenger service) or, five (5) days after -mailing via United States first-class mail or two (2) days after mailing via Federal Express or other similar reputable overnight delivery service. Any notice shall be addressed as set forth below: If to City: David Biggs, Director of Economic Development City of Huntington Beach 2000 Main Street Huntington Beach, CA 92648 with copies to (which shall not constitute) notice: City Attorney City of Huntington Beach 2000 Main Street Huntington Beach, CA 92648 If to Business Owner: Applied Computer Solutions Attn: Mike Davis, CFO 17911 Sampson Lane Huntington Beach, CA 92647 with copies to (which shall not constitute notice): and Either City or Business Owner may change its respective address by giving written notice to the others in accordance with the provisions of this Section. adVagreciApplied-sales "fax 5103 10 • IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed on the dates hereinafter respectively set forth. BUSINESS OWNER: CITY OF HL-NTI GTO>\ BEACH, a ATTEST: dmwe� City Clerk REVIEWED AND APPROVED: Ci Administrator municipal corporation of the State of APPROVED A�TO FORM: f City Attorney INITIATED AND APPROVED: 6�4# C' Director of E onomic Development adl:'agree/Applied-Sales Tax 5 03 11 ATTACHMENT NO. 1 Business Owner's Certificate Date Applied Computer Solutions, hereby requests a sales tax rebate in the amount, and on the date, set forth below, pursuant to that certain Sales Tax Agreement between the City of Huntington Beach and Applied Computer Solutions. Capitalized terms used and not otherx ise defined herein shall have the meanings set forth for them in the Agreement. REQUESTED AMOUNIT: Business Owner hereby represents and warrants to City that: On , , Business Owner paid Sales Taxes for the to fiscal year quarter [month] to the California Board of Equalization in the amount of S . Attached hereto is a true and complete photocopy of our quarterly [monthly] filings or other proof of payment. Applied Computer Solutions PAYMENT APPROVED: City Representative Fiscal Impact Statement 0 CITY OF HUNTINGTON BEACH INTERDEPARTMENTAL COMMUNICA TION To: Ray Silver, City Administrator From: John Reekstin, Director of Administrative Services Subject: FIS 2000-45 — Approve payment for the Retention/Relocation of Applied Computer Solutions Date: May 31, 2000 As required by Resolution 4832, this Fiscal Impact Statement has been prepared for "Approve payment for the Retention/Relocation of Applied Computer Solutions." If the City Council approves this request (total appropriation $15,000), the estimated unreserved, undesignated General Fund balance at September 30, 2000 will be reduced to $9,557,659. �/r J n Reekstin, Director of Administrative Services 0 Beginning Fund Balance 10/1/99 (audited) $ 11,734,000 $ 19,291,000 Plus: Estimated Revenue 114,110,841 114,110,841 Less: Estimated Expenditures (120,169,841) (120,169,841) Pend i ng/Approved FIS's: (3,659,341) Less: FIS 2000-45 - 15,000 Estimated 9/30/00 Balance S 5,675,000 $ 9,557,659 ESTIMATED GENERAL FUND BALANCE - SEPTEMBER 30,2000 $10,000,000 .......................... $9,0009000 $8,000,000 $7,000,000 $62000,000 $9,557,659 $5,000,000 $4900%000 $3,000,000 $5,675,000 $2,00%000 $1100%000 $- ADOPTED BUDGET CURRENT ESTIMATE Certificates of Insurance fir _ TAICH �- I''T-Fli!;, -�,�1.I. I� I IN :r - rl --I'. H I I . I I,- I,I .III I. ��- I,..i+I. _ 7.� G�RTIF1CAiE OF �NSUR/aNCE April 1-8, 2000 PRODUCER THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY Marsh Advantage America C' ' ` L AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER OTHER 701 South Parker Street, 41h Floor *'A1E�+�• THAN THOSE PROVIDED IN THE POLICY. THIS CERTIFICATE DOES NOT Orange, CA 92868-4720 a� Mr� AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES Ii W LISTED HEREIN. COMPANIES AFFORDING COVERAGE INSURED Applied Computer Solutions 17911 Sampson Lane Huntington Beach, CA 92647 COMPANY A St. Paul Fire & Marine LETTER CO LETTERNY 6 COMPANY c LETTER COMPANY ID LETTER COVERAGE$ THIS IS TO CERTIFY THAT POLICIES OF INSURANCE LISTED HEREIN HAVE BEEN ISSUED TO THE INSURED NAMED HEREIN FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THE CERTIFICATE MAY BE ISSUED OR MAY PERTAIN. THE INSURANCE AFFORDED BY THE POLICIES LISTED HEREIN IS SUBJECT TO ALL THE TERMS, CONDITIONS AND EXCLUSIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. CO LTR TYPEOFINBURANCE POLICY NUMBER POLICY EFFECTIVE OATIMMMOIYYI POLICY EXPIRATION DATEONMMOrm LIMITS A GENERAL LIABILITY COMMERCIAL GENERAL LIABILITY ❑ CLAIMS MADE ❑x OCCUR. TE06101718 10/11 /99 1011 1 /00 GENERAL AGGREGATE t 2000000 x PRODUCTS-COMP±OP AGG a 2000000 PERSONAL & ADV INJURY 1 1000000 EACH OCCURRENCE t 1000000 FIRE DAMAGE lany One fire] 0 250000 MEO.EXPENSE {any one person) ersonl person 0 10000 A AUTOMOBILE LIABILITY ANY AUTO ALL OWNED AUTOS SC4EDULED AUTOS HIRED AUTOS NON -OWNED AUTOS TE06101718 10/ 11 /99 1 0/ 1 1 /00 COMBINED SINGLE LIMIT 0 1000000 BODILY INJURY leer parson) S BODILY INJURY [Per accident) t PROPERTY DAMAGE 0 x x GARAGE LIABILITY ANY AUTO 1 T, j r�:'�` 1;r 'iU r�� �'' ph ph,+tt+ rnH ay AUTO ONLY • EA ACCIDENT 0 OTHER THAN AUTO ONLY EACH ACCIDENT 0 AGGHEGATE 0 EXCESS LIABILITY UMBRELLA FORM OTHER THAN UMBRELLA FORM EACH OCCURRENCE 0 AGGREGATE 0 WORKERS' COMPENSATION AND EMPLOYERS LIABILITY STATUTORY LIMITS EACH ACCIDENT 0 DISEASE - POLICY LIMIT 0 DISEASE • EACH EMPLOYEE 0 TITHER DESCRIPTION OF OPERATIQNSILOCATIONSTYEHICLESISPECIALITEMS The City of Huntington Beach, its Agents, Officers and Employees are named As Additional Insured, but only as respects operations ususal to the Named Insured. *10 Days for Non -Payment of Premium. "Revised and replaces Certificate dated 411 B/00" Certificate Holder CITY OF HUNTINGTON BEACH Attn: Dept. Of Economic Development 2000 Main Street Huntington Beach, CA 92648 CANCELLATION SHOULD ANY OF THE POLICIES LISTED HEREIN BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, THE INSURER AFFORDING COVERAGE WILLS MAIL 30* DAYS WRITTEN NOTICE TO THE CERTIFICATE HOLDER NAMED HEREIN Marsh Advantage America Inc. hy: V KNT GT N"i S HAY -8 illk Eu= �)o r:Y-17-2000 09:55 MERIDIAN INS SERUICES P-01/01 Xu. �tK l lric;t Vf l-iABILI I Y ENS IVC�R sa AHA05/17/01 ADAV1 05/1/00 PRODUCER THIS CERTIFICAT ISSUrED AS A (NATTER OF IN Cl ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE MERIDIAN INSURANCE BRRV. INC. j�� HOLDER. THIS CERTIFICATE DOES NOT AMEND. E)CTEND OR 4501 S. LA PALMA AVE. STE, 150 Y ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. ANAHBYM CA 93807- �ID- �?INSURERS AFFORDING COVERAGE Phonee714-693-9100 Fax:714-693-9108 INSURER A: APADAV COMPUTER SUPPLIES, INC'. INSURER R: DBA; Applied Computer Solutions INSURER C: 17 911 SwTeou Lane WaUREIR D Huntington Reach CA 99647 I INSURER E: COVERAGES THE POLIC166 OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONOTTION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WNICN THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN. THE INSURANCE AFFORDED BY THE POUGBS DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS. EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. AGGREGATE LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. LSK TR TYPE OF INSURANCQ POLICT NUMBER DATE � D TE UMTTS GENERAL LIABILITY COMMERCIAL GEf*5RAL LIABILITY CLAIMS MADE [j OCCUR EACH OCCURRENCE s FIRE: DAMAGE {Any am f:Ia] . S MEI] EXP (Any me porrcn] S PERSONAL A ADV INJURY I S GENERAL AGGREGATE IS GEN'L AGGREGATE LIMIT APPLIES PER: POLICY F7 M F7LOC. PRODUCTS . COMPIOP AGG I I AUTOMOBILE LIABRJTV ANY AUTO ALL OWNED AUTOS SCHEDULEOAUTOS HIRED AUTOS NON-0WNEDAUTOS u ;, a � ;{� ` r +� �`� :t !LIL cY x�`" i 1 Tii� COMBINED SWGLEUMIT (Ea acddml) S I s 0013 LY WJURY (P-Per ) ' H ..• I BODILY INJURY (Paa�ddant] I S _ ' S PROPPERTY DAMAGE PROPERTY ( ] GARAGE LIAMILITY ANAUTO pal " tY O CiY u i AUTO ONLY - EA ACCIDENT s OTHER THANFA ACC AUTO ONLY: AGJi Y -- S EXCESS UABILfTY . OCCUR ❑ CLAIMSMADE DFJ7UCTIBLE RETENTION I EACH OCCURRENCE S AGGREGATE S If _ ... A I WORKERS COMPENSATION AND EMPL°'rERsuAeuln 14475601 10/01/99 10/01/00 X Y LIMITS ER F-LEACH ACCIDI:xr 41000000 E.LMSEABE•EAEMPLOYEE 81000000 _ S 1000000 E.L. DISEASE . POLICY LIMIT OTHER DESCRIPTION OF OPERATIONS1LO ATIONGNEHICLESUBIONS ADDFA BY EIIDORSEMENTISPECIAL PROVtOONS +10 Ray Notice of Cancellation Por Han Payment, Of Premium or Nan Report Of Payroll. VCR 1 Ir iu^ i G RUL.UGR 0 1 AOWTWKAL INbU1iED; INMWA (.MIA: L4Af7L.CL.1LJAf ILJIa CITT"2 SNOULO ANY OFTIQ ADM DESCRIBED POLICIES BE CANCELLED BEFORE THE ECPIRATID City of Huntington Beach DATE THEREOF. THE 188WNGINBURERWILLMAIL 30+ OAYswwTTEN 9conomic Development Div. NOTICE TOTKECERTIFICATE HOLDER NAMED TOTHE LEF7,BUTS Eli Naffah 7000 Main Street Huntington Bench CA 92648 �ar�r..�er• - • T —. A MAY-17-2000 09:43 CERTIFICATE DEPT CORPORATION 1988 TOTAL P.01 99% P.01 0 0 RCA ROUTING SHEET INITIATING DEPARTMENT: Economic Development SUBJECT: App a theRetentIR,eloeation?ofApplied3Computer ��—� rSolutions� COUNCIL MEETING DATE: June 1'9, 2000 R A'ATTACHMENTS. `. -. STATUS: ` Ordinance (w/exhibits & legislative draft if applicable) Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not A licable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (wlexhibits if applicable) Si ned in full 6 the City Attome Attached Subleases, Third Party Agreements, etc. LApproved as to form by City Attome Not Applicable Certificates of Insurance (Approved by the City Attome Attached Financial Impact Statement Unbud et, over $5,000 Attached Bonds (If applicable) Not Applicable Staff Report If applicable) Not Applicable Commission, Board or Committee Report If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable EXPLANATION F4.R MISSING:ATTACHMENTS . . ,: RE .IEWED , , h t: =SRTUR:1E1] ; �a`I 'II,VARD�D Administrative Staff 7 adc7 Assistant City Admi istrator Initial City Administrator (Initial) -a" LCity Clerk E�XPLi�:1►NATIO_N FOR R TU.RIMOOMITEM� n a_ RCA Author: Naffah