Laserfiche WebLink
City of Everett <br /> Community Development Block Grant Program Agreement <br /> The City has analyzed evidence provided by the Business that there is no duplication of benefits from other sources of <br /> federal funds,such as SBA Paycheck Protection. <br /> NOW,THEREFORE,in consideration of the foregoing Recitals and the covenants,conditions, representations and <br /> warranties contained herein,the parties hereto agree as follows: <br /> I. THEGRANT <br /> A. Eligibility <br /> The Grantee represents and warrants that all activities under this Agreement must be carried out in compliance with <br /> the federal laws and regulations attached as Exhibit A, "Special Provisions".These laws and regulations are public <br /> record and descriptions set forth in Exhibit A are not intended to becomplete. <br /> B. The Grant <br /> In reliance upon Grantee's representations and warranties,and subject to the terms and conditions contained in this <br /> Agreement,the Grantor hereby agrees to cause funds to be advanced to Grantee in a maximum aggregate principal <br /> amountequalto Ten Thousand Dollars($10,000) ("Grant"),solely for the purposes set forth in Section C below.Grantee <br /> shall have the right to receive Grant funds only pursuant to the terms and conditions of thisAgreement. <br /> C. Purpose of Grant <br /> The Grantee shall use the funds granted hereunder solely for working capital of the Business pursuant to the Budget <br /> set forth in Exhibit B, "Budget". No funds shall be used for the purchase/installation of equipment,construction of real <br /> estate,alteration of existing buildings,or other activity that may impact the natural environment or historic buildings. <br /> D. Grant Documentation <br /> TheGrantshallbeevidencedbythisAgreement,completedapplicationformandotherdocumentationrequiredbytheGrantor. <br /> II. REPRESENTATIONS,WARRANTIES ANDCOVENANTS <br /> In order to induce the Grantor to make the Grant,Grantee represents,warrants and covenants as set forth below in this <br /> Article II as of the date hereof and during the term of this Agreement. <br /> A. Organization of Grantee <br /> Grantee is duly organized and validly existing pursuant to the laws of the State of Washington and is qualified to do <br /> business in and under the laws of the State of Washington.Grantee has the full power and authority to enter into this <br /> Agreement,toreceivemoneyascontemplatedhereinandtoexecuteand performtheprovisionsofthisAgreement.The <br /> execution,deliveryandperformanceofthisAgreementhasbeendulyauthorizedbyallnecessarycompanyaction,andnoother <br /> actionofGranteeoranyotherpartyisrequiredfortheexecution,deliveryandperformanceofthisAgreement.This Agreement <br /> constitutes valid and binding obligations ofGrantee. <br /> B. Compliance with Laws <br /> Grantee will conduct its business affairs in a reasonable and prudent manner and in compliance with all applicable <br /> laws,ordinances,rulesandregulationsandexecutiveordersoffederal,state,countyormunicipalgovernmentsoragenciesnow <br /> in force or which may be enactedhereafter. <br /> C. Prohibition Against Receiving Federal Funds <br /> Neither Grantee nor Grantee's owner(s)are prohibited from receiving federal funds. <br /> D. Accuracy of Information <br /> All of the information provided by Grantee in support of its request for Grant funds is complete and accurate and <br /> contains no materially false or misleading information. <br /> 2 of 10 <br />