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DocuSign Envelope ID: AC19E581-0F23-4C3E-8F58-811C891EBD9C <br />AGREEMENT <br />NOW, THEREFORE, in consideration of the parties' mutual covenants contained herein <br />and other good and valuable consideration, the receipt and sufficiency of which are hereby <br />acknowledged, the parties hereto agree as follows: <br />1. Incorporation of Recitals. The Recitals set forth above are hereby incorporated into the <br />terms and conditions of this Agreement. <br />2. Representations and Warranties of Grantee. <br />a. Grantee is a Municipality, duly organized in accordance with the laws of Colorado and <br />has full and lawful authority to enter into, and comply with the terms of, this Agreement. <br />b. Grantee's governing body has authorized entering into this Agreement as evidenced by <br />the resolution attached hereto as Exhibit B. <br />3. Grant and Project. Subject to the terms and conditions set forth in this Agreement, the <br />Board hereby awards to Grantee a sum not to exceed $75,000.00 (the "Grant"). The Grant shall <br />be used by Grantee solely to complete the Project, in substantial conformity with the Project <br />Application. <br />4. Project Scope. Grantee shall not materially modify the Project or the Project budget <br />(attached hereto as Exhibit C, the "Budget") without the prior written approval of the Executive <br />Director of GOCO ("Executive Director") or the Executive Director's designee, such approval to <br />be in GOCO's sole discretion. Any material modification to the Project undertaken without <br />GOCO's prior written consent may be deemed a breach of this Agreement by GOCO, entitling <br />GOCO to all remedies available under this Agreement. If Grantee determines with reasonable <br />probability that the Project will not or cannot be completed as reflected in the Project <br />Application, Grantee will promptly so advise the Board, and cooperate in good faith to seek a <br />resolution before any further funds are advanced. <br />5. Grantee Efforts. Grantee shall complete the Project in a timely fashion, in a good and <br />workmanlike manner, and consistent with this Agreement and GOCO' s approvals related to the <br />Project. <br />6. Completion Date. Grantee shall complete the Project and submit its Final Report no later <br />than March 15, 2020 (the "Completion Date") which is two calendar years after the Board's <br />approval of the Project. Grantee may request an extension of the Completion Date in compliance <br />with GOCO' s Overdue Grants Policy, which is attached as Exhibit D ("Overdue Grants Policy"). <br />If Grantee determines with reasonable probability that the Project will not or cannot be <br />completed by the Completion Date or any extended completion date, Grantee will promptly so <br />advise the Board, and cooperate in good faith to seek a resolution before any further funds are <br />advanced. <br />