Community Economic Revitilization Board CERB 8/25/2017

CITY Project Number:A2017-085 Contract Number:517-790A0-136 Washington State Community Economic Revitalization Board Initial Offer of Financial Aid City of Everett Federal Tax Number: 91-6001248 Offer Date:July 27, 2017 The Community Economic Revitalization Board (CERB) is authorized by chapter 43.160 RCW to provide funds to political subdivisions to assist in financing the cost of certain public facilities.This Initial Offer of Financial Aid is contingent upon the availability of CERB funds. CERB hereby offers to make funds available to the City of Everett, hereafter referred to as the "Contractor," in order to aid in financing the cost of,the City of Everett Innovation Center, as described in the application (hereafter collectively referred to as the "Project"). Funds provided shall be in the form of a grant in the maximum principal amount of$43,875, which must have a local cash match in the amount of at least$15,125. Local cash match amounts and sources are identified as: a. $5,125 Snohomish County Cash b. $10,000 Kamionka Foundation Cash This offer is subject to completion of pre-contract conditions, as described in Attachment A. • A final contract shall be developed by CERB prior to disbursement of funds. No project costs incurred prior to date of this offer will be reimbursed by CERB. In the event a final contract is not executed, no CERB funds will be disbursed. If accepted, this Initial Offer of Financial Aid must be signed and returned to CERB by September 5, 2017. ACCEPTANCE FQR C RB ( I FOR THE CONTRACTOR �c ,�S A I Q C IN u OF • .411 A 0 Michael Echanove, Vice Chair Name: / � S. l # i nso Community Economic Revitalization Board Title: Il r Date: �.�ot. 071 IQ C)Cr) Date: �`741710r4 J AP••OVED �O 'pi J j4;.4641, D.ILES.City Attorney AT T: 6 City Clerk