1997_Resolutions - Laserfiche WebLink

Home Browse Search

RESOLUTION TO APPROVE THE FUNDING FORMULA FOR ACTIVITIES UNDERTAKEN IN THE REGIONAL COMPETITIVENESS PROGRAM KNOWN IN THE THOMS JEFFERSON PLANNING DISTRICT AS THOMAS JEFFERSON VENTURE WHEREAS, the local governments of Charlottesville, Albemarle, Fluvanna, Greene, Louisa, and Nelson have joined together under the Regional Competitiveness Act to form the Venture, and WHEREAS the funding formula agreed upon for the first year is to place all funds received under the Regional Competitiveness Act program into a Strategic Plan Fund to fund the priority activities and/or projects identified in the Plan and approved by the member localities as furthering the economic vitality, as defined by the VENTURE, of the region and the localities within the region in a manner consistent with their local comprehensive planning and policies, and WHEREAS the formula is subject to annual review by the Venture and the local governing bodies, and WHEREAS approval of said formula is, under the By Laws of the VENTURE, by local government resolution, and WHEREAS, said formula directs the Thomas Jefferson Planning District to act as fiscal agent for is regional grants and activities on behalf of the member localities, and WHEREAS the Venture has submitted said funding formula for approval by the local governing bodies, NOW THEREFORE BE IT RESOLVED that the city council of Charlottesville approves the following: 1. All funds coming to the localities in the Thomas Jefferson Planning District under the Regional Competitiveness Act shall be placed in a "Strategic Plan Fund" for use in implementing the priorities identified in the Strategic Plan developed by the Venture and approved by the localities; 2. The Thomas Jefferson Planning District Commission, a legal unit of government under the Code of Virginia (15.1 Ch 34), shall act as Fiscal Agent for the localities in use of the Fund; 3. Unless the local government is directly contracting for a program, the Thomas Jefferson Planning District will have the authority to sign contracts to implement approved projects; 4. The Thomas Jefferson Planning District will monitor the use of funds and report quarterly to the localities and the Venture regarding the status of the funds. 5. In all cases, the Thomas Jefferson Planning District Commission will act with direction from the local governments and the Venture in carrying out the Strategic Plan. . This resolution was approved by the city C,,,,..,, i l on the —l"yfiay of ,.,.x_1997 l [_ rk of City Council