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2020-206B
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Last modified
3/5/2021 11:26:15 AM
Creation date
11/3/2020 11:07:22 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Amendment
Approved Date
09/22/2020
Control Number
2020-206B
Agenda Item Number
11.A.
Entity Name
United Way of Indian River County, Inc.
Subject
First Amendment to Indian River County Cares Act Agreement
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FIRST AMENDMENT TO INDIAN RIVER COUNTY <br />CARES ACT AGREEMENT <br />THIS FIRST AMENDMENT TO INDIAN RIVER COUNTY CARES ACT <br />AGREEMENT ("Amendment") is entered into as of the L day of M'COVOX , 2020 by <br />and between Indian River County, a political subdivision of the State of Florida, whose address is <br />1801 27'h Street, Vero Beach, Florida, 32960 ("Recipient'), and United Way of Indian River <br />Count, Inc. a Florida not-for-profit corporation, whose address is 1836 14th Ave., Vero Beach, <br />FL 32960 (the "Subrecipient"). <br />RECITALS <br />WHEREAS, Recipient and Subrecipient entered into the Indian River County CARES Act <br />Agreement, which set forth a scope of work for the use of CARES Act funds by the Subrecipient <br />(the "Agreement'); and <br />WHEREAS, the Recipient and Subrecipient wish to amend the Agreement to increase the <br />funding in the Agreement from $975,000 to $1,675,000 and revise the initial scope of work to <br />reflect the uses of the additional funding; and <br />NOW THEREFORE, in consideration of the mutual undertakings herein and other good and <br />valuable consideration, the receipt and adequacy of which is hereby acknowledged, the parties <br />agree, as follows: <br />1. Recitals. The above recitals are true and correct and are incorporated herein. <br />2. Amendment of Section 18 (Payments). Section 18 of the Agreement is amended to read <br />as follows: <br />"18 (PAYMENTS) <br />a. The Recipient will make a total disbursement to Subrecipient of up to <br />$1,675,000, which will be made in installments. The first $975,000 shall be <br />made in four separate disbursements of $243,750. Recipient will make an initial <br />disbursement of $243,750 to Subrecipient within 14 days of the final execution <br />of this Agreement. The additional $700,000 will be made in three separate <br />disbursements of $233,333. In order to receive additional disbursements, the <br />Subrecipient must file with the Recipient Grant Manager its request for <br />reimbursement along with documentation that the disbursement had been fully <br />spent and how the disbursement was used. Upon verification and approval by <br />Recipient, the next disbursement will be made to Subrecipient. <br />Page 1 of'3 <br />
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