§ 2-937. Additional program requirements and restrictions.

The following additional requirements for funding are established:

(1)

Every not-for-profit corporation receiving neighborhood tourist development fund monies must be a not-for-profit neighborhood organization incorporated in the state and located within the city limits.

(2)

Every not-for-profit corporation receiving neighborhood tourist development fund monies must maintain its registered office within the city limits.

(3)

The schedule of ineligible and eligible expenses found in section 2-939(b) must be followed.

(4)

No neighborhood tourist development fund contract shall be approved unless such contract is made upon a consideration wholly to be performed or executed subsequent to the adoption of an ordinance approving the contract.

(5)

After each quarterly and annual recommendation by the NTDF committee but prior to the expenditure of any funds, the staff will hold a meeting with all grant recipients to explain the process and to distribute disbursement files for each project. The staff will assist organizations receiving NTDF funding in the preparation of the required disbursement documents. Distribution of funds will be contingent upon the prompt return of the disbursement file to the city and the contractor's compliance with the requirements of section 2-936.

(Ord. No. 951565, § B, 11-27-95; Ord. No. 970184, § 1, 3-6-97; Ord. No. 970866, § 1, 7-3-97; Ord. No. 990965, § 1, 8-19-99; Ord. No. 150191 , § 1, 3-26-15)