HomeMy WebLinkAbout496724 TRINIDAD STATE JUNIOR COLLEGE EDUCATIONAL F - CONTRACT - PURCHASE ORDER - 9117611Ven:ur/suppIjer
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CITY
OF
FORT
COLLINS
V#
‘
.—-—--
SCHOLARSHIP
AGREEMENT
The following
sets
forth
an
agreement
between
the
City
of
Fort
Collins,
herein
referred
to
as
the
“City”.
Trinidad
State
Junior
College,
herein
referred
to
as
the
“College”.
and
Trinidad
State
.1
unior
College
Educational
Foundation.
a
non—profit
Colorado
corporation
that
has
been
corflmunicalilIg with the City regnTing any concerns related to the Fund and
related to any recipient s adherence to the criteria set forth below.
C. The Foundation will transfer monies from the Fund to the scholarship recipient’s
studeni account in three installments upon the recipient s successful completion of
the requii-ed course goals at five weeks, ten weeks, and fifteen weeks. TI the
scholarship recipient fails to meet the required criteria, the. Foundation will
immediately notify the City and the Foundation shall not transfer funds from the.
Fund to the scholarship recipient’s student account. Also, if the scholarship
recipielit receives two unexcused absences during the 15 week course, the
Foundation or the College must immediately notify the City in writing.
1). lithe following criteria are not met by a scholarship recipient, the Foundation
shall not transfer monies from the Fund to the scholarship recipient’s student
account:
I) Complete a scholarship applicatioru and
2) Complete, execute and submit a Family Rights and Privacy Act of 1974
Release Form authoriiing Trinidad Slate Junior CollegciRMLS to release
all of Scholarship Recipient’s student education records and information to
the City within 7 days of starting the electric lineworkei- training program:
and
3) Successful completion of fitness-for—duty examination and background:
and check by the City: and
4) Maintain a 2.0 grade point average while attending RMLS; and
5) Maintain a sufficient attendance record while attending RMLS. An
insufficient attendance record occurs when a scholarship recipient has three or
more unexcused absences. An excused absence occurs when scholarship
recipient notifies instructor of absence prior to 8:00 A.M. and the instructor
determines the reason for absence to be legitimate. An unexcused absence
occurs when scholarship recipient does not notify instructor of being tardy
before 8:00 A.M., or does not notify instructor about absence or reason
offered for absence is not acceptable to the instructor and
6) Scholarships arc [tot required to he awarded. If a recipient fails 1:0 meet all
criteria, the Foundation will cease transferring funds from the Fund to the
scholarship recipient’s student account and the Foundation will maintain any
remaining balance in the Fund for possible future award: and
7) A letter of acknowledgment and thanks must he received by the City via
the Foundation office before funds will be distributed.
IV. EXECUTION
As evidence of their consent to the terms and conditions set forth above, the following
individuals have affixe their signatures.
7
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S&
L’
f r1á) Janonis Date I
Utilities Executiv Director
City OFFOrt Coflins
Toni i)eAng1is Date
Executive Director
ISJ C Educational Foundation
identified
as
a
Section
501
(c)(3)
organization
by
the
Tnternal
Revenue
Service
and
is
herein
referred
to
as
“Foundation”. respectively,
with
regards
to
the
establishment
of
the
Cfty
of
Fort Collins Scholarship
Fund.
I.
PURPOSE
The
Foundation
agrees
to
maintain
the
City
of
Fort
Collins
Scholarship
Fund
as
a
current
temporarily
restricted
asset, for
the
purpose
of
awarding
annual
scholarships
to
full—time
students
accepted
in
Rocky
Mountain
Lineman
School
(“RMLS”
at
Trinidad
State
Junior
College. Students
attend
the
RMLS
in
Colorado
Springs.
Colorado.
II. SCH1DULE
AND
FORM
OF
CONTRIBUTTONS
if
the
City
notifies
the
Foundation
that
ii
has
selected
a
scholarship recipient
in
a
given
year,
the
City
agiees
to
contribute
the
sum
of $8,000
by
December
3
1
that
same
year
to
fund
payment
of
expenses
as
described
below tbr
the
scholarship
recipient’s attendance
at
RMLS
in
January
through
April
of
the
following
year.
The
City
shall
have
no
obligation
to annually
fund
the
City
of
Fort
Collins
Scholarship
Fund.
The City’s financial
obligations
under
this
agreement
are
contingent
upon
the
annual
appropriation,
budgeting,
and
availahilfty
of
specific
funds
to
discharge
those
obligations.
Nothing
in
the
agreement
shall
create
a
payment
guaranty
to the
Foundation
or
Trinidad
State
Junior
College
or
a
debt or
a
multi-year
fiscal
obligation
under
the
Colorado
Constitution
or
any
similar
provisions
of
the
City’s
charter
or
ordinances.
Further,
the
City may
notify’
the
Foundation
in
writing
at
any
time
that
it
elects
to
discontinue
the
City
of
Fort
Collins
Scholarship
Fund
(the
“Fund”).
If
there
are
monies
in
the
Fund
at.
the
time
the
City
elects
to
discontinue
the
Fund. the
Foundation
will
remit
those
funds
to
the
City within
30
days
of
notice
from
the
City
that
it
has
elected
to
discontinue
the
Fund.
III.
ADMINISTRATION
A.
Gifts
are
to
be
made
payable
to
the
Trinidad
State
Junior
College
Educational
Foundation,
a
501
(c)(3)
organization
under
IRS
guidelines
which
is
charged
with
soliciting,
receiving,
investing,
and
disbursing
private
gifts
for
the
benefit
the
College
and
its
students.
B.
The
Foundation
will
be
responsible
for
the
receipt,
administration, investment.
and
stewardship
of
the
gift
and
the
earnings
1mm
the
investment
of
the
gift,
and
for