Cocoon House 11/13/2020 - Laserfiche WebLink

City of Everett 2020 2060 Agreement Further, the Grantee shall verify the income of tenants of Assisted Units only in accordance with methods prescribed by or agreed to by the City. II. TERM OF AGREEMENT Services of the Subgrantee shall start on the 1st day of July, 2020 and end on the 30th day of June, 2021. The term of this Agreement and the provisions herein shall be extended to cover any additional time period during which the Subgrantee remains in control of 2060 funds or other assets. The City may, at its discretion, extend the term of this Agreement to allow for the expenditure of unexpended funds.This Agreement may be terminated by the City prior to its expiration date. Following expiration or termination of this Agreement, the Grantee's obligations to the City shall remain in full force and effect until all requirements of this Agreement are completed. III. PAYMENT AND DISBURSEMENTS Disbursements by the City pursuant to this 2060 HTF Agreement shall be on a reimbursement basis covering actual expenditures by the Grantee. All funds received by the Grantee pursuant to this 2060 HTF Agreement must be used for services, work, supplies or materials identified in the Project Budget identified in Paragraph I. C. of this Agreement . To receive disbursements the Grantee shall submit to the City a Request for Reimbursement/Actual Expenditure Report supported by copies of vouchers, invoices,salary and wage summaries,or other documentation. The City reserves the right to withhold payments pending delivery of Project reports or documents as may be required under this 2060 HTF Agreement. All disbursements under this 2060 HTF Agreement shall be subject to audit and recovery of disallowed costs. IV. PROPERTY TAXES AND UTILITIES Property taxes and utilities on the Premises shall be brought current through the date of recording this 2060 HTF Agreement. In the event the Grantee does not bring such taxes and utilities current prior to recording, the Grantee agrees to pay such taxes and utilities within ten (10) days of the date of executing this 2060 HTF Agreement and to provide to the City evidence of such payment. During the term of this Agreement, the Grantee shall pay all property taxes, if any, and utility billings as they become due and payable and shall keep the Premises free and clear of any liens for unpaid property taxes and utility billings. V. MANAGEMENT OF THE PROJECT A. In General The Grantee agrees to keep the Premises in good condition and repair; not to remove or demolish any building thereon; and to pay when due all claims for labor performed and materials furnished therefore;to comply with all laws affecting the Premises or requiring any alterations or improvements to be made; not to commit or permit waste thereof; not to commit, suffer, or permit any act upon the Premises in violation of law; and to do all 3