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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 warranties <br /> 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 policies of local,state,and federal <br /> governments,as now or hereafter amended All funds provided under this Agreement must be used for to reimburse the <br /> costs of business interruption caused by required closures. Grantee must ensure the funds are used specifically for <br /> 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 this <br /> Agreement,the Grantor hereby agrees to cause funds to be advanced to Grantee in a maximum aggregate principal <br /> amount equal to Three Thousand Dollars($3,000)("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 of Grant <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 Grant shall be evidenced by this Agreement,completed application form,and other documentation 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 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,to receive money as contemplated herein and to execute and perform the provisions of this Agreement.The <br /> execution,delivery and performance of this Agreement has been duly authorized by all necessary company action,and <br /> no other action of Grantee or any other party is required for the execution,delivery and performance of this Agreement. <br /> This Agreement constitutes valid and binding 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 laws, <br /> ordinances,rules and regulations and executive orders of federal,state,county or municipal governments or agencies <br /> 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 materially false or misleading information. <br /> III. CONDITIONS PRECEDENT TO AND POST GRANT DISBURSEMENT <br /> 2 <br />