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EDC directs attorney to draft written policy on contracts and business-assistance agreements
Summary
The board voted to ask legal counsel to draft a contracts policy that would cover administrative support arrangements, vendor agreements and business-assistance/grant metrics.
The Hollywood Park EDC voted to direct its attorney to prepare a draft policy governing contracts, services and business assistance. The vote was put and carried during the meeting.
Board members framed the item as a response to prior ambiguity over administrative support, vendor invoices and past one-off payments. Members discussed three contract categories the policy should cover: (1) administrative support or…
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