Laserfiche WebLink
Indian River County Grant Contract <br />This Grant Contract ("Contract") entered into effective this 1st day of October 2018 by and between <br />Indian River County, apolitical 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. Xc <br />le 4® <br />' OCT 0,.8 2018 <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 />$187,250 for the Grant Period 10/1/2018 — 9/30/2019 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 2018/19 ("Grant Period"). The Grant Period commences on October 1, 2018 and <br />ends on September 30, 2019. <br />4. Grant Funds and Payment The approved Grant for the Grant Period is $187,250. <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 />