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r � � <br /> - �:-; -�'� ORIGlNAL <br /> AGREEMENT <br /> i <br /> CASA DE REDWOOD <br /> (Elevator Upgrades) <br /> THIS AGREEMENT, made and entered into this �� day of��( <br /> 2011, by and between the CITY OF REDWOOD CITY, a charter city and municipal <br /> corporation of the State of California ("City") and CASA DE REDWOOD, a California <br /> nonprofit organization ("Contractor' ; collectively the "Parties"). <br /> WITNESSETH: <br /> WHEREAS, Contractor desires to renovate/improve certain facilities and provide <br /> services to individuals who are residents of the City (the "Project"); and <br /> WHEREAS, Contractor has requested financial assistance in order to finance, in <br /> whole or in part, the Project that will benefit residents,of City during the fiscal year <br /> commencing July 1, 2011, and ending June 30, 2012 (the "Fiscal Year"); and <br /> WHEREAS, City has reviewed Contractor's request and the Project and desires <br /> to allocate a certain sum of money from its Community Development Block Grant funds <br /> " for the Project. � <br /> NOW, THEREFORE, the Parties hereby. agree as follows: <br /> 1. FINANCIAL ASSISTANCE. City will allocate to Contractor the sum of Fifty <br /> Thousand and No/100 Dollars ($50,000.00) for exclusive use by Contractor during the <br /> fiscal year commencing July 1, 2011, and lending June 30, 2012, solely for the <br /> purposes described in Paragraph 2. <br /> 2. USE OF FUNDS. Contractor will use the funds provided pursuant to <br /> Paragraph 1 solely for the Project purposes described in Exhibit A("Programs"), and <br /> Exhibit B("Quantitative Goals"), attached hereto and by this reference incorporated <br /> herein. <br /> ATTY/AGR/2011.082/CDBG CASA DE REDWOOD . - � <br /> 091211 � � ' 1 <br />