Pilates by the Bay 10/14/2020 - Laserfiche WebLink

City of Everett • Community Development Block Grant Program CFDA# 14.218 Small Business CDBG-CV Grant Agreement RECITALS This Agreement is entered into upon the basis of the following facts and circumstances: 1. City: The City of Everett, which is hereafter referred to as "City"or "Grantor" 2. Business Applicant (herein referred to as Pilates by the Bay "Business" or "Grantee"): 3. Address: 2717 Rockefeller Ave, Everett, WA 98201 4. Phone: (425)595-5188 Iandline/(425)870-1892 (cell) 5. Contact Person: Jenny Boehmer 6. DUNS Number 046693454 7. Title of Program being Funded: Everett CARES Small Business Grant 8. Community Development Block Grant (herein 2019-CV after referred to as "CDBG") Program Year: 9. Time of Performance: Beginning: April 30, 2020 Ending: May 1, 2021 10. Amount of Agreement/Grant Award: $10,000.00 11. This Agreement/grant award and the rights and obligations of both parties hereto shall be subject to and governed by the following, incorporated by reference herein as is fully set forth: (1) Special Provisions attached hereto or Exhibit"A". (2) Grant Budget hereto or Exhibit "B" (3) Expense Reporting Form attached hereto or Exhibit "C" (4) Job Retention Reporting Form hereto or Exhibit "D" The City has funds available, including Community Development Block Grant (CDBG) funds available from the United States Department of Housing and Urban Development (HUD), authorized by the City Council for helping businesses respond to the negative economic impact of the coronavirus, pursuant to 24 CFR Part 570.203; and The Business has applied for assistance from the Everett CARES Small Business Grant Program and relying on the information provided by the Business, the City has determined that Business is a small business at risk of long- term business closure as a result of the Coronavirus; and The Business is eligible for assistance through the CDBG-CV program, because the Business qualifies as a microenterprise and will document the business stability where the owner meets the area median income limit (National Objective - Low Moderate Clientele) within the next two years; and The Business wishes to receive a grant from the City in the sum of Ten Thousand Dollars ($10,000) to be used as working capital to retain jobs and to be able to off-set the negative impact of the coronavirus on its business; and Without this grant, the Business would be forced to lay off employees; and 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. 1 of 10