Laserfiche WebLink
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. THEGRANT <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 <br /> the costs of business interruption caused by required closures. Grantee must ensure the funds are used <br /> specificallyfor 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 amountequaltoThree 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 <br /> thisAgreement. <br /> C. Purpose of Grant <br /> The Grantee shall use the funds granted hereunder solely for working capital of the Granteeto 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 /> TheGrantshallbeevidencedbythisAgreement,completedapplicationform,andotherdocumentationrequiredbytheGrant <br /> or. <br /> II. REPRESENTATIONS,WARRANTIES ANDCOVENANTS <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 <br /> this Agreement,toreceivemoneyascontemplatedhereinandtoexecuteandperformtheprovisionsofthisAgreement.The <br /> execution,deliveryandperformanceofthisAgreementhasbeendulyauthorizedbyallnecessarycompanyaction,andnooth <br /> eractionofGranteeoranyotherpartyisrequiredfortheexecution,deliveryandperformanceofthisAgreement.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 <br /> laws, <br /> ordinances,rulesandregulationsandexecutiveordersoffederal,state,countyormunicipalgovernmentsoragenciesnow in <br /> force or which may be enactedhereafter. <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 /> 2 <br />