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~ <br /> ' <br /> ` <br /> The City has funds available,authorized by the City Council for helping businesses respond to the negative economic impact of <br /> the<oxronavrus;and <br /> The Business has been awarded assistance from the Everett CARES Rounds 1or2 Small Business Grant Program;and relying nn <br /> the information provided by the Business,the City has determined that Business is a small business at risk of long-term business <br /> injury or closure asa result of the Coronavirus;and <br /> The Business wishes to receive agrant from the City in the sum of Three Thousand($3,000)to be used as working capital to <br /> retain jobs,to expand commerce,and to off-set the negative impact of the coronavirus on its business;and <br /> 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 aofollows: <br /> THE GRANT <br /> A. EUmibiUtv <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 /> coats of business interruption caused by required closures. Grantee must ensure the funds are used specifically for COVID <br /> related impacts. <br /> W. 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 purposesset forth in Section C below.Grantee ' <br /> shall have the right to receive Grant funds only pursuant to the terms and conditions pf this Agreement. <br /> C. Purpose nfGrant <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. 6rmntDocumentmtion <br /> The Grant shall be evidenced by this Agreement, completed application form,and other documentation required by the <br /> Grantor <br /> 11, 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||asuf the date hereof and during the term oy this Agreement. <br /> 2 <br />