Agmt23 Dept. of Housing and Community Development PIP

Browse Search

City of Redwood City 22-PIP-17871 Page 1 of 5 EXHIBIT B Prohousing Incentive Pilot (PIP) Program NOFA Date: 12/15/2022 Approved Date: 06/12/2023 Preparation Date: 08/24/2023 BUDGET DETAIL AND PAYMENT PROVISIONS 1. Application for Funds A. Grantee has submitted to the Department an Application for a Grant under the Program. The Department is entering into this Agreement on the basis of, and in reliance on fact, information, assertions and representations contained in the Application and any subsequent modifications or additions thereto approved by the Department. The Application and any approved modifications and additions thereto are hereby incorporated into this Agreement. B. The Grantee warrants that all information, facts, assertions, and representations contained in the Application and approved modifications and additions thereto are true, correct, and complete to the best of the Grantee’s knowledge. In the event that any part of the Application and any approved modification and addition thereto is untrue, incorrect, incomplete, or misleading, in such a manner that would substantially affect the Department's approval, disbursement, reimbursement, or monitoring of the funding and the grant or activities governed by this Agreement, the Department may declare a breach hereof and take such action or pursue such remedies as are provided for breach hereof. 2. Grant and Reimbursement Limit The Department’s decision to approve or deny an application or request for funding pursuant to the Program, and its determination of the amount of funding provided, shall be final. The maximum total amount granted and disbursable to the Grantee pursuant to this Agreement shall not exceed $890,000.00. 3. Grant Timelines A. This Agreement is effective upon approval by all parties and the Department, which is evidenced by the date signed by the Department on page one, Standard Agreement, STD 213 (the “Effective Date”). B. The grant term begins on the day the Department and the grantee have fully executed the Standard Agreement as described in Exhibit D(1). C. All reimbursement requests for Grant funds must be submitted to the Department no later than March 30, 2025.