11/1/2017 11:37:04 AM
11/1/2017 11:37:03 AM
Official Document Type
Agenda Item Number
Chamber of Commerce Indian River
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Indian River County Grant Contract <br /> This Grant Contract ("Contract") entered into effective this 1st day of October 2017 by and between <br /> Indian River County, a political subdivision of the State of Florida, 1800 27th Street, Vero Beach FL, <br /> 32960 and Indian River County Chamber of Commerce <br /> P.O. Box 2947 <br /> Vero Beach, FL 32961 <br /> For Economic Development Function for Indian River County <br /> Chamber of Commerce <br /> Background Recitals <br /> A. The County has determined that it is in the public interest to fund the Economic Development <br /> Function of Indian River County Chamber of Commerce. <br /> B. The Recipient, by submitting a proposal to the County, has applied for a grant of money <br /> $185,054 for the Grant Period 10/1/2017 — 9/30/2018 on the terms and conditions set forth <br /> herein. <br /> C. The County has agreed to provide such Grant funds to the Recipient for the Grant Period (as <br /> such term is hereinafter defined) on the terms and conditions set forth herein. <br /> NOW THEREFORE, in consideration of the mutual covenants and promises herein contained, and <br /> other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, <br /> the parties agree as follows: <br /> 1. Background Recitals The background recitals are true and correct and form a material <br /> part of this Contract. <br /> 2. Purpose of Grant The Grant shall be used only for the purposes set forth in the <br /> complete proposal submitted by the Recipient attached hereto as Exhibit "A" and <br /> incorporated herein by this reference (such purposes hereinafter referenced as "Grant <br /> Purposes"). <br /> 3. Term The Recipient acknowledges and agrees that the Grant is limited to the fiscal <br /> year 2017/18 ("Grant Period"). The Grant Period commences on October 1, 2017 and <br /> ends on September 30, 2018. <br /> 4. Grant Funds and Payment The approved Grant for the Grant Period is $185,054. <br /> The County agrees to reimburse the Recipient from such Grant funds for actual <br /> documented costs incurred for Grant Purposes provided in accordance with this <br /> Contract. Reimbursement requests may be made no more frequently than monthly. <br /> Each reimbursement request shall contain the information, at a minimum, that is set <br /> forth in Exhibit "B" attached hereto and incorporated herein by this reference. <br /> Recipient shall not be subject to the travel expenses policies set forth in Exhibit B. All <br /> reimbursement requests are subject to audit by the County. In addition, the County <br /> may require additional documentation of expenditures, as it deems appropriate. <br /> 5. Additional Obligations of Recipient. <br /> EXHIBIT B <br />
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