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HomeMy WebLinkAbout1994-151 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 GRANTEE: Chamber of Commerce, Busisness Fadliteting Committee Address: P.O. Box 1360 Ashland OR 97520 Telephone: (503) 482-3486 FAX: Date of this agreement: July 1, 1994 ¶1. Amount of grant: $10,500 ¶2. BudgeS subcommittee: Economic Devebpment Contract made the date specified above between the City of Ashland and Grantee named above. RECITAL: City has reviewed Grantee's application for a grant and has determined that the request merits funding and the purpose for which the grant Is awarded serves a public purpose. City and Grantee agree: 1. Amount of Grant. Subject to the terms and conditions of this contract and in reliance upon Grantee's approved application; the City agrees to provide funds in the amount specified above. 2. Use of Grant Funds. The use of grant funds are expressly limited to the activities in the grant application with modifications, if any, made by the budgeS subcommittee designated above. 3. Unexpended Funds. Any grant funds held by the Grantee remaining after 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. Rnanclal Records and Inspection. Grantee shall maintain a complete set of books and records relating to the purpose for which the gram was awarded in accordance with generally accepted accounting pdndples. Grantee gives the City and any authorized representative of the City access to and the dght to examine all books, records, papers or documents relating to the use of grant funds. 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 twelve months of the date of this contract, the City, by written notice of default to 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 Such remedies may include, but are not limited to, termination of fie contract, stop payment on or retum of fie grant funds, payment of interest earned on grant funds or declaration of inaligibillty for the receipt of future grant awards. 6. Amendments. The terms of this contract will not be waived, altered, modified, supplemented, or amended in any manner ex¢ept by written instrument signed by the parties. Such written modffica'don will be made a part of this contract and subject to all other contract provisions. 7. Indemnity. Grantee agrees to defend, indemnify and save City, its officers, employcos and agents harmless from any and all losses, claims, actions, costs, expenses, judgments, subrogations, or other ~lemages resulting from injury to any person Onduding injury resulting in death,) or damage (including loss or destruction) to proparty, of whatsoever nature arising out of or inddent to the performance of this agreement by Grantee (including but not limited to, Grantee's employees, agents, and others designated by Grantee to perform work~ or services attendant to this agreement). Grantee shall not be held responsible for damages caused by the negligence of City. 8. Insurance. Grantee shall, at its own expense, at all times for twelve months from the date of this agreement, maintain in force a comprehensive general liability policy including coverage for contractual liability for Obligations assumed under this Contract, blankat contractual liability, products and completed 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 damage claims) or $500,000 per occurrence for bodily injury and $100,000 per occurrence for property damage. Liability coverage shall be provided on an "occurrence" not "claims" basis. The City of Ashland, its officers, employees and agents shall be named as additional insureds. Certificates of insurance acceptable to the City shall be filed with City's Risk Manager prior to the expenditure of any grant funds. 9. Merger. This contract constitutes the entire agreement between the parties. There are no understandings, agreements or representations, oral or written, not specified in this contract regarding this contract. Grantee, by the signmrs below of its authorized rspresentstlve, acknowledges that it has read this contract, understands it, and agrees to be bound by its terms and cOnditions. GRANTEE CITY OF ASHLAND BY ItS ~.. (City Attorney) Coding: (for city use only) PAGE 2-GRANT AGREEMENT