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I i <br /> The City has analyzed evidence provided by the Bu iness that there is no duplication rs p cation of benefits from other sourc'.s of federal <br /> funds,such as SBA Paycheck Protectibn. <br /> NOW,THEREF RE, in consideration of the foregoing Recitals and the covenants,conditions,represenlatior and <br /> warranties contain d herein,the l arties hereto agree as follows. <br /> I. THE GRANT <br /> 1 <br /> A. Eligibility j <br /> The Grantee thall comply wish all applicable laws,ordinances,codes,regulations,and policies of local,state, <br /> ate,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*usiness intern ption caused by required closures. Grantee must ensure the funds are':usedj. <br /> for COVID related impacts., ; pacifically <br /> B. The Grant 1 1 , 1 <br /> in reliance upon Grantee's representations and warranties,and subject to the terms and conditions cont <br /> fined in <br /> this Agreement,the Grantor hereby agrees to cause funds to be advanced to Grantee in a maximum agg egate <br /> principal amc$iunt equal to Three Thousand Dollars($3,000) ("Grant"),solely for the purposes set forth in' ection C <br /> below. Grantee shall have the right to receie v Grant funds only pursuant to the terms and conditi <br /> Agreement. i 1 ohs of; his <br /> i <br /> C. Purpose of Grant <br /> The Grantee hall use the fends granted hereunder solely for working capital of the Grantee to rei burs;the costs <br /> of business interruption caused by required coronavirus closures,pursuant to the Budget set forth i" Ex bit A, <br /> "Grant Budg t."No funds s iall be used for the purchase/installation of equipment,construction of real.tate <br /> alteration of xisting buildings,or other activity that may impact the natural environment or histori bull Dings., <br /> 1 1 <br /> D. Grant DocumI4ntation <br /> The Grant shad be evidenced bythis Agreement,completed application form,and other documentatio` req ired by the <br /> Grantor. 1 i <br /> i <br /> j <br /> II. REPRESENTATION ,WARRANT! AND COVENAN1TS ' <br /> E <br /> In order to induce(the Grantor t make the Grant,;Grantee represents,warrants and covenants as set fo h be ow in this <br /> Article II as of the Idate hereof and during the term of this Agreement. <br /> j <br /> A. Organization o4f Grantee <br /> Grantee is dulY organized and validly existing pursuant to the laws of the State of Washington and is calif ed to do <br /> business,in and under the lawns of the State of Washington. Grantee has the full power and authority o en er in <br /> this Agreement,to receive money as contemplated herein and to execute and perform the provisions Of this to <br /> Agreement. The execution,delivery and performance of this Agreement has been duly authorized by ail nec':ssary <br /> company action,and no other action of Grantee or any other party is required for the execution,delivery an• <br /> performance of this Agreement. This Agreement constitutes valid and binding obligations ofGrantee. <br /> B. Compliance with Laws <br /> Grantee will conduct its busiiltess affairs in a reasonable and prudent manner and in compliance with'iail ap licable <br /> laws,ordinances,rules and regulations and executiveg <br /> orders of federal,state,county or municipal overnmerh s or <br /> agencies now in force or whih may be enacted hereafter. <br /> i I <br /> C. Prohibition Against Receiving ederal Funds <br /> Neither Grant4e nor Grantees owner(s)are prohibited from receiving <br /> eceivrng federal funds. ! <br /> D. Accuracy of Information <br /> All of the information provid d by Grantee in support of its request for Grant funds is complete and aiccur :e and <br /> contains no materially false o misleading information <br /> 1 <br /> 2 <br /> 1 <br />