Resolution 2010-36 - Laserfiche WebLink

Home Browse Search

Great Outdoors Colorado Planning Grant Agreement detailed application, a copy of which is attached hereto and incorporated herein by reference as Exhibit A (the "Project Application The Project Application contemplates the execution of the project entitled and described above (the "Project C. The Board approved Grantee's Project Application on June 17, 2010, subject to the execution of a detailed Grant Agreement, and subject to the terms and conditions set forth herein. D. Grantee shall obtain the matching cash and in -kind contributions for the Project as described in the Project Application and as required by GOCO policy. E. The parties intend this document to be the detailed Grant Agreement "Agreement required by the Board. AGREEMENT NOW, THEREFORE, in consideration of the premises contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 1. Incorporation of Recitals. The Recitals set forth above are hereby incorporated into the terms and conditions of this Agreement. 2. Grant and Project. The Board hereby grants to Grantee the sum not to exceed $75,000 (the "Grant subject to the terrns and conditions set forth in this Agreement. The Grant shall be used by Grantee solely to complete the Project as approved by the Board. Grantee hereby agrees to use its best efforts to complete the Project. 3. Project Scope. The Project will not be materially modified by the Grantee without the written approval of the Executive Director of GOCO ("Executive Director Any material change to the Project, whether or not such change is approved in writing by GOCO may result in a reduction of GOCO's funding award and requirement of a refund to GOCO from Grantee, pursuant to Paragraph 13 of this Agreement. In addition, any material change to the Project that is not approved in writing by GOCO may result in termination of the Grant. 4. a. Payment of Grant. The Grant will be paid in full upon satisfaction of all provisions of the conditions precedent to disbursement described in Section 5 of this Agreement, and only after fulfilling all requirements, subject to sufficient GOCO net lottery proceeds being available to the Board, the Board shall disburse funds for the Grant as follows: $75,000 during the quarter from October to December of 2011 "Final Payment b. Sufficiency of GOCO Net Lottery Proceeds. The Board shall have determined in its discretion that it has received and has available sufficient GOCO net lottery proceeds to fund June 25, 2010 Page 2 of 7 91