Resolution 2010-36 - Laserfiche WebLink

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Great Outdoors Colorado Planning Grant Agreement the Grant. In making such determination, the Board may consider all such facts and circumstances as it deems necessary or desirable, including but not limited to past, current, and future operating expenses and budgetary needs of GOCO, adequate reserves, and funding requirements and/or commitments for other past, current, and future projects. 5. Tnfoimation to Be Provided Prior to Payment. NO FUNDS WILL BE DISBURSED BY THE BOARD UNLESS AND UNTIL THE GRANTEE FURNISHES THE BOARD WITH THE INFORMATION REQUIRED BY THIS AGREEMENT. a. Final Payment: (1) Prior to Final Payment, Grantee must provide to the Board certification that: (A) the Project has been substantially completed according to the Work Plan and Budget, along with a Final Report Project Expenditure Documentation (the "Final Report") (the form of the report is attached as Appendix C to this Agreement); (B) no material modifications or delays have been made or experienced, or the Board has been advised of the modifications or delays and has elected to continue to participate in the funding of the Project; (C) matching funding has been received as outlined in the Final Report or the status of efforts to secure snatching funding has been disclosed to the Board and it has been found to be satisfactory; and (D) the representations made to the Board in the Project Application continue to be true or, if there have been any material changes, the Board has been advised of such changes and has assented to them. (2) The Board may reduce or delay the Final Payment if, in the Board's reasonable judgment, Grantee has not demonstrated adequate progress on the Project, has not spent most of the Initial or Progress Payments, or has not raised or spent adequate matching funds. 6. Completion Date/Final Report Due Date/Extensions. Grantee shall complete the project no later than December 17, 2011( "Project Completion Date which is 18 months after the Board's approval of the Project. Grantee may request an extension of the Project Completion Date in compliance with GOCO's Overdue Grant Policy, a copy of which is attached as Appendix E to this Agreement "Overdue Grant Policy"). In addition to other rights set forth in this Agreement, the Board may elect to terminate this Agreement and deauthorize the Project in the event this Project Completion Date is not met and/or Grantee fails to comply with the Overdue Grant Policy. Grantee shall submit the Final Report to the Board within sixty (60) days of Project Completion Date. Failure to submit the Final Report within the specified time period or to request appropriate and timely extensions as described in the Overdue Grants Policy may result in reduction or loss of Grant funds, even if there are undisbursed amounts remaining in the June 25, 2010 Page 3 of 7 92