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The City has analyzed evidence provided by the Business that there is no duplication of benefits from other sources of federal <br /> 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 shall comply with all applicable laws, ordinances,codes,regulations, and policiesof local, state, and federal <br /> governments, as now or hereafter amended All funds provided under this Agreement must he used for to reimburse <br /> the costs of business interruption caused by required closures, Grantee must ensure the funds are used specifically <br /> for COViD related impacts. <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 Three Thousand Dollars ($3,000) ("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 Grantee to reimburse the costs <br /> of business interruption caused by required coronavirus closures, pursuant to the Budget set forth in Exhibit A, <br /> "Grant Budget." No funds shall be used for the purchase/installation of equipment, construction of real estate, <br /> alteration of existing buildings, or other activity that may impact the natural environment or historic buildings. <br /> D. Grant Documentation <br /> Hie Grant shall be evidenced by this Agreement, completed application form, and other documeni,tiun required by the <br /> 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 this <br /> Article II as of:he 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 taws 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 pcwer and authority to enter into <br /> 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 acton, and no other action of Grantee or any other party is required far the execution, delivery and <br /> performance of this Agreement. This Agreement constitutes valid and banding obligations of Grantee, <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, rules and regulations and executive orders of federal, state, county or municipal governments or <br /> 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 /> 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 mate'ially false or misleading information. <br /> 2 <br />