261-22 Resolution Mayors Walk-Run ALS.pdf

261-22 October 11, 2022 RESOLUTION WHEREAS, the Township of West Orange (“Township”), through the Downtown West Orange Alliance (DWOA) annually sponsors the Mayor’s 5K Run/Walk along Main Street in the Township for charitable purposes; and WHEREAS, the Mayor’s 5K Run/Walk is scheduled to take place on Sunday, October 9, 2022 from approximately 8:30 am until 1:00 pm; and WHEREAS, the Township desires to enter into an agreement that would allow the PSZ Believe Foundation to participate in and benefit from this year’s Mayor’s 5K Run/Walk; and WHEREAS, pursuant to the terms of the proposed agreement, the DWOA would share profits with the PSZ Believe Foundation, specifically by first subtracting direct expenses incurred by the Township or the Downtown West Orange Alliance, and then sharing seventy percent (70%) of the net profits generated from the Mayor’s 5K Run/Walk with the PSZ Believe Foundation with the remaining thirty percent (30%) of net profits to be retained by the Township; and the Downtown West Orange Alliance and WHEREAS, the PSZ Believe Foundation has agreed to provide its own publicity and fundraising efforts for the event in coordination with the Downtown West Orange Alliance; and WHEREAS, annexed hereto as Attachment “A” is a copy of the Memorandum of Agreement to be executed by the Township and the PSZ Believe Foundation; NOW, THEREFORE BE IT RESOLVED, by the Township Council of the Township of West Orange that the Mayor be and hereby is authorized to execute the annexed Memorandum of Agreement; and the Municipal Clerk shall attest to the Mayor's signature on the Agreement. Karen J. Carnevale, R.M.C. Susan McCartney Municipal Clerk Council President Adopted: October 11, 2022