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Happy Thai LLC 12/1/2020
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Happy Thai LLC 12/1/2020
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Entry Properties
Last modified
12/21/2020 11:08:15 AM
Creation date
12/21/2020 11:08:06 AM
Metadata
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Contracts
Contractor's Name
Happy Thai LLC
Approval Date
12/1/2020
End Date
7/31/2021
Department
Administration
Department Project Manager
Tyler Chism
Subject / Project Title
Everett CARES 2 Small Business Grant
Tracking Number
0002589
Total Compensation
$10,000.00
Contract Type
Agreement
Contract Subtype
Grant
Retention Period
6 Years Then Destroy
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B. The Grant <br /> |n reliance upon Grantee's represemodonsaudwmnandms and subject to the ter�ns and conditions contained inthis <br /> Agreement,the Grantor hereby agrees to cause funds to be advanced to Grantee in a maximum aggregate principal <br /> amount equal to 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 this Agreement. <br /> C. Purpose ufGrant <br /> The Grantee shall use the funds granted hereunder solely for working capital of the Grantee to reimburse the costs of <br /> business interruption caused by required coronavirus closures,pursuant to the Budget set forth in Exhibit A,""Grant <br /> Budget."'No funds shall be used for the purchase/installation of equipment,construction of real estate,alteration of <br /> existing buildings,or other activity that may impact the natural environment or historic buildings. <br /> D. Grant Documentation <br /> The Grantshall beevidenced by this Agreement,completed application form,and other documentation required bythe <br /> Grantor. <br /> |i 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 this <br /> Article(|aoof the date hereof and during the term of this AgreumunT. <br /> A. Organization ofGrantee <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 fu||power and authority to enter into this <br /> Agreement,to receive money as contemplated herein and to execute and perform the provisions of this Agreement. The <br /> execution,delivery and performance ofthis Agreement has been duly authorized by all necessary company action,and no <br /> other action of Grantee or any other party is required for the execution,delivery and performance of this Agreement. This <br /> 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 applicable laws, <br /> ordinances,rulesand regulationsand executive orders of federal,state,county or municipal governments oragencies now in <br /> force or which may be enacted hereafter. <br /> C. Prohibition Against Receiving Federal Funds <br /> Neither Grantee nor Grantees owner(s)are prohibited from receiving federal funds. <br /> D. Accuracy n[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 /> Ill. COND|T;ON0 PRECEDENT TO AND POST GRANT DISBURSEMENT <br /> The Grantor's obligation to perform its duties under this Agreement, including without limitation causing disbursement of any <br /> funds,shall be subject to the full and complete satisfaction of the following conditions precedent: <br /> A. Grantee's Books,Accounts and Records <br /> P/iorto disbursement ofGrantfunds and upon request by the Grantor,Grantee will permittheGrantorandits <br /> representatives at any reasonable timeto examine Grantee's books,accounts,and recordsand to make copiesand <br /> memoranda of Grantee's books,accounts and records in orderto evaluate Grantee's compliance with this Agreement. <br /> Documents shall be retained by the Business for no less than six(5)years. <br /> B. Grantee's Submission of Invoices and Documentation <br /> Grantee will submit invoices and documentation required by the Grantor tosupport Grantee's request for disbursement. <br /> 2 <br />
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