Pilates by the Bay 12/11/2020 - Laserfiche WebLink

The City has analyzed evidence provided by the Business that there is no duplication of benefits from other sources of federal funds, such as SBA Paycheck Protection. NOW. THEREFORE, in consideration of the foregoing Recitals and the covenants, conditions, representations and warranties contained herein, the parties hereto agree as follows: THE GRANT A. Eligibility The Grantee shall comply with all applicable taws, ordinances, codes, regulations. and policies of local, state, and federal governments, as now or hereafter amended All funds provided under this Agreement must be used for to reimburse the costs of business interruption caused by required closures. Grantee must ensure the funds are used specifically for COVID related impacts. B. The Grant In reliance upon Grantee's representations and warranties, and subject to the terms and conditions contained in this Agreement, the Grantor hereby agrees to cause funds to be advanced to GI antee in a maximum aggregate pi Inc ipat amount equal to Three Thousand Do(tars $3,000) i"Grant"), solely for the purposes set forth in Section C below. Grantee shall have the right to receive Grant funds only pursuant to the terms and conditions of this Agreement. C. Purpose of Grant The Grantee shall use the funds granted hereunder solely for working capital of the Grantee to reimburse the costs of business interruption caused by required coronavirus closures, pursuant to the Budget set forth in Exhibit A, "Grant Budget." No funds shalt be used for the purchase/installation of equipment, construction of real estate, alteration of existing buildings, or other activity that may impact the natural environment or historic buildings. D. Grant Doeurnentation The Grant shalt be evidenced by this Agreement,completed application form, and other documentation required by the Grantor. IL REPRESENTATIONS, WARRANTIES AND COVENANTS In order to induce the Grantor to make the Grant, Grantee represents, warrants and covenants as set forth below in this Article II as of the date hereof and during the term of this Agreement. A. Organization pf Grantee Grantee is duly organized and validly existing pursuant to the laws of the State of Washington and is qualified to do business in and under the laws of the State of Washington. Grantee has the full power and authority to enter into this Agreement, to receive money as contemplated herein and to execute and perform the provisions of this Agreement. The execution,delivery and performance of this Agreement has been duly authorized by all necessary company action,and no other action of Grantee or any other party is required for the execution, delivery and performance of this Agreement. This Agreement constitutes valid and binding obligations of Grantee. B. Compliance with Laws Grantee will conduct its business affairs in a reasonable and prudent manner and in compliance with all applicable laws, ordinances, rules and regulations and executive orders of federal,state,county or municipal governments or agencies now in force or which may be enactedhereafter. C. Prohibition Against Receiving Fedetai f with Neither Grantee nor Grantee's ownerisi are prohibited from receiving federal funds. D. Accuracy of Information AR of the information provided by Grantee in support of its request for Grant funds is complete and accurate and contains no materially false or misleading information. III. CONDITIONS PRECEDENT TO AND POST GRANT DISBURSEMENT The Grantor's obligation to perform its duties under this Agreement, including without limitation causing 2