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HomeMy WebLinkAbout1995-177 Grant - Chamber CITY OF ASHLAND FINANCIAL ASSISTANCE AWARD CONTRACT CITY: CITY OF ASHLAND 20 E. Main St. Ashland, Oregon 97520 (503) 482-3211 FAX: (503) 488-5311 GRA qTEE: Chamber of Commerce Visitors & Cone Bureau Address: P.O. Box 1360 , Ashland OR 97520 Telephone: (503) 482-3486 FAX: Date of this agreement: July 1, 1995 ¶1. Amount of grant: $116,000 el2. BudgeS subcommittee: Economic Deveopment Contract made the date spedfled above bet~en the City of Ashland and Grantee named above. public purpose. City and Grantee agree: amount spedfled above. designated above. 3. Unexpended Funde. Any grant funds held by the Grantee remaining a~ter the purpose for which the grant is awarded or this contract is terminated shall be returned to the City within 30 days of completion or termination. 4. Rnlmc, lal Re~ordl and I~peotion. Gr~ shall maintain a com4~t,e set of books and records ~ to the purpose fori which the grant was awarded in accordance with generally accepted accounti prindples. Grantee gives the City and · ' ' to examine all books, 5. Default. If Grantee fails to perform or observe any of the covenants or agreements contained in this contract or fails to expend the grant funds or enter into binding legal agreements to expend the grant funds within 'waive months of the date of this contract, the City, by written notice of default -o the Grantee, may terminate the whole or any part of this contract and may pursue any remedies available at law or in equity. PAGE 1-GRANT AGREEMENT e:u,,~weuDemmewns Such remedies may include, but are not limited to, termination of the contract, stop payment on or return of the grant funds, payment of interest earned on grant funds or declaration of ineligibility for the receipt of rutire grant awards. 6. Antendntentl. The terms of this contract wj~ not be waived, altered, modified, supplemented, or amended in any manner except by written instrument signed by the parties. Such written modification will be madB a part of this contract and subject to eli other corm'act provisions. 7. Indemnity. Grantee agrees to defend, inoemnify and save C, ity, its officers, employees end agents harmless from any arKI edl losses, claim, actions, expenses, Judgments, subrogations, or other damages resulting from injury to any person (including injury resulting in death,) or damage (including loss or destruction) to property, of whatsoever nature arising out of or Incident to the performance of this agreement by Grantee (including but not limited to, Grantee's employees, agents, and agresrnent). Grantee shall not be held responsible for damages caused by the negligence of City. 8. Inluranoe. Grantee shel, at its own expense, at ell times for twelve months from blanket contractual liability, products and comoleted operations, and owner's and contractor's protective insurance. The liability. under each policy shall be a minimum of $500,000 per occurrence ::(combined single'limit for bodily. injury and property "occurrence" not "claim" basis. The City of Ashland, its officers, employees and agents shall be named as additional insureds.: Ceffi~cetes of insurance acceptable to the City shall be filed with City's Risk Manage~ prior to the expenditure of any grant funds. GRANTEE CITY OF AS 4LAND BY rev~evt~~t~) Comemr ' : (Dept. Heed) Its iF..orm Attorney) PAGE 2-GRANT AGREEMENT te:u~Lw~euDe~