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LISC Grant Agreement PA# 55411-0001 for City of Everett <br />Page 2 of 8 <br />Purpose of the Grant <br />The Grant is being provided to the Grantee to support the implementation of community <br />driven economic development and open space improvement strategies. LISC and its <br />community based partners have lead intensive planning efforts based on key findings of a <br />landscape study and have identified community priorities. <br /> <br />Grant funds will seed park improvement projects identified by the planning process. <br />Community feedback specifically prioritized gathering space, including picnic shelters, and <br />picnic tables. Adding a shade shelter and picnic tables at Walter Hall aligns with Everett’s <br />goal of hosting the community in our parks and improving the quality of life of our <br />residents. Additional places where the community can gather and celebrate benefits all. The <br />City of Everett Parks Department will add a picnic shelter and picnic tables at Walter Hall <br />park. <br /> <br />In accordance with the Grant Budget, the Grantee hereby agrees to use the Grant in <br />furtherance of its charitable purposes. <br /> <br />Disbursement Frequency and Conditions <br />Disbursements will be made upon the following conditions being met: <br /> <br />1. Return to LISC’s Grants and Contracts Management of this signed and executed Grant <br />Agreement; and <br /> <br />2. LISC’s Program Officer’s receipt and approval of the Grant Financial Report, and as <br />indicated below <br />DISBURSEMENTS <br />Deliverables Amount <br />First Disbursement upon <br />*Receipt of amenity design and budget <br />*Receipt of Grant Financial Report <br /> <br />$25,000 <br />Second Disbursement upon <br />*Receipt of before and after photos showing completed project <br />*Final project summary report showing grant uses and progress <br />*Receipt of Grant Financial Report <br /> <br /> <br />$25,000 <br />TOTAL: $50,000 <br />