Pilates by the Bay 10/14/2020 - Laserfiche WebLink

City of Everett Community Development Block Grant Program Agreement NOW, THEREFORE, in consideration of the foregoing Recitals and the covenants, conditions, representations and warranties contained herein, the parties hereto agree as follows: I. THE GRANT A. Eligibility The Grantee represents and warrants that all activities under this Agreement must be carried out in compliance with the federal laws and regulations attached as Exhibit A, "Special Provisions". These laws and regulations are public record and descriptions set forth in Exhibit A are not intended to be complete. B. The Grant In reliance upon Grantee's representations and warranties, and subject to the terms and conditions contained in this Agreement, the Grantor hereby agrees to cause funds to be advanced to Grantee in a maximum aggregate principal amount equal to Ten Thousand Dollars ($10,000) ("Grant"), solely for the purposes set forth in Section C below. Grantee shall have the right to receive Grant funds only pursuant to the terms and conditions of this Agreement. C. Purpose of Grant The Grantee shall use the funds granted hereunder solely for working capital of the Business pursuant to the Budget set forth in Exhibit B, "Budget". No funds shall be used for the purchase/installation of equipment, construction of real estate, alteration of existing buildings, or other activity that may impact the natural environment or historic buildings. D. Grant Documentation The Grant shall be evidenced by this Agreement,completed application form and other documentation required by the Grantor. II. REPRESENTATIONS, WARRANTIES AND COVENANTS In order to induce the Grantor to make the Grant, Grantee represents, warrants and covenants as set forth below in this Article II as of the date hereof and during the term of this Agreement. A. Organization of Grantee Grantee is duly organized and validly existing pursuant to the laws of the State of Washington and is qualified to do business in and under the laws of the State of Washington. Grantee has the full power and authority to enter into this Agreement, to receive money as contemplated herein and to execute and perform the provisions of this Agreement. The execution, delivery and performance of this Agreement has been duly authorized by all necessary company action, and no other action of Grantee or any other party is required for the execution, delivery and performance of this Agreement. This Agreement constitutes valid and binding obligations of Grantee. B. Compliance with Laws Grantee will conduct its business affairs in a reasonable and prudent manner and in compliance with all applicable laws, ordinances, rules and regulations and executive orders of federal, state,county or municipal governments or agencies now in force or which may be enacted hereafter. C. Prohibition Against Receiving Federal Funds Neither Grantee nor Grantee's owner(s) are prohibited from receiving federal funds. 2 of 10