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HomeMy WebLinkAboutFresno Area Hispanic Foundation - Small Business Relief - 202051) 2o- OJ' (1-Jt) fl/n (z,)ZU GRANT AGREEMENT BETWEEN THE CITY OF FRESNO AND FRESNO AREA HISPANIC FOUNDATION REGARDING SMALL BUSINESS RELIEF THIS GRANT AGREEMENT (AGREEMENT) is made and entered into effective upon execution by both parties (the Effective Date), by and between the CITY OF FRESNO (the CITY), and FRESNO AREA HISPANIC FOUNDATION (GRANTEE), to provide funding for small businesses for business and job retention related to the COVID-19 pandemic. RECITALS WHEREAS, small businesses are suffering as a result of business closures and a reduction in services as a result of the COVID-19 outbreak; and WHEREAS, small business grants are designed to bridge the gap and allow businesses to retain employees and remain viable; and WHEREAS, this program is a necessary expenditure occasioned by the COVID- 19 public health emergency, not accounted for in the City's budget as of March 27, 2020;and WHEREAS, GRANTEE shall implement the "Save our Small Business Program" by marketing and disbursing grant funds to City of Fresno businesses; and WHEREAS, GRANTEE represents it desires to and is professionally and legally capable of immediately implementing the "Save our Small Business" grant program, and a marketing campaign in English, Spanish and Hmong, for City of Fresno residents; and WHEREAS, GRANTEE acknowledges that grant funds being provided under this Agreement will be derived from the City's Coronavirus Relief Fund allocation under the federal CARES Act (42 U.S.C. 801 et seq.) and subject to the constraints set forth in the CARES Act; and WHEREAS, this Agreement will be administered for the City by its City Manager or its designee. AGREEMENT NOW, THEREFORE, in consideration of the foregoing and of the covenants, conditions, and premises hereinafter contained to be kept and performed by the respective parties, it is mutually agreed as follows: 1.Scope of Services. GRANTEE shall perform to the satisfaction of the CITY the services described in Exhibit A, including all work incidental to, or necessary to perform, such services even though not specifically described in Exhibit A. 2.Grant Amount. City shall provide GRANTEE the amount of $1,000,000 for the services described in Exhibit A. GRANTEE's Budget is set forth in detail and attached to this Agreement as Exhibit A. 3.Term of Agreement and Time for Performance. This Agreement shall be effective from August 17, 2020 through December 30, 2020, subject to earlier ALL-B 3.0 (09 00 2016) Page 1 of 12