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