Agmt18 County of San Mateo - affordable housing fund

Browse Search

GRANT AGREEMENT BETWEEN THE COUNTY OF SAN MATEO AND THE CITY OF REDWOOD CITY This Agreement is entered into this 8t' day of February, 2018 by and between the County of San Mateo, a political subdivision of the state of California, hereinafter called "County," and Redwood City, hereinafter called "Grantee." WHEREAS, the Grantee has applied to the County seeking a grant for the purpose of funding the matters set forth in its Project described in Exhibit A (the "Grant"); WHEREAS, the County has approved the grant of certain funds to Grantee pursuant the terms set forth in this Agreement; NOW, THEREFORE, it is agreed by the parties to this agreement as follows 1. Exhibits and Attachments The following exhibits and attachments are attached to this Agreement and incorporated into this Agreement by this reference: Exhibit A—Project Description 2. Grant County hereby grants to Grantee a sum not to exceed TWENTY THOUSAND DOLLARS ($20,000) in consideration of and on the condition that the sum be expended for the sole purpose of carrying out the objectives of Grantee's Project as identified in Exhibit A, and in no event shall the County's total fiscal obligation under this Agreement exceed this amount. Grantee agrees to assume any obligation to secure and furnish any additional funds that may be necessary to carry out its Project. Funds granted under this Agreement shall not be disbursed until execution of this Agreement by County and Grantee. The disbursement schedule is as follows: • Payment- $20,000, upon execution of this Agreement. Cities will provide a brief written report at the completion of the grant for how the funds were spent on the project, and cooperate with the County's project evaluation consultant. 3. Term &Termination Subject to compliance with all terms and conditions, the term of this Agreement shall begin on the date of execution by the Parties through December 31, 2018. This Agreement will not automatically renew, nor shall it create any reliance on the possibility of future grants. County may terminate this Agreement based upon the unavailability of Federal, State, or County funds by providing written notice to Grantee within a reasonable time after County learns of said unavailability of funding. Grantee acknowledges that this Agreement may be subject to approval of the Board of Supervisors, and assumes all risk of possible non -appropriation and non -approval of funds. County may suspend and/or terminate this Agreement if Grantee fails to comply with the terms of this Agreement and may, in its sole discretion, withhold or cancel pending and future disbursements of grant funds and/or require Grantee to return some or all funds disbursed under this Agreement. Page 1 of 6 REV: 04-26-18 RL ATTY/AGR.2018.088/County of San Mateo