1997 - 09-22-97 Regular Meeting - Laserfiche WebLink

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0 nu, 17 i)n,u 79 01 F STATE OF NORTH CAROLINA ) COUNTY OF LEE ) AGREEMENT FOR THE GRANT OF LEE COUNTY FUNDS THIS AGREEMENT, made and entered into as of the day of 1911, by and between Lee County (hereinafter referr to as the C UNTY and Lee County Economic Development Corporation (hereinafter referred to as the "GRANTEE"), pursuant to and subject to the restrictions and conditions set forth herein: WITNESSETH: In consideration of receipt of a grant or appropriation of funds from the Board of County Commissioners of Lee County for the year FY 1997-98 not to exceed the total amount of $292,520.00, the GRANTEE named hereinabove does hereby agree to abide by the terms of this Agreement as set forth herein. In consideration of the above, the parties do hereby agree as follows: (1) The GRANTEE covenants and agrees to expend the funds which are the subject of this Agreement and perform services in consideration of the receipt of funds in accordance with the purposes and/or under the restrictions and conditions as attached to this Agreement and incorporated herein by reference. The GRANTEE further agrees to expend the COUNTY funds in accordance with the Budget for said funds attached hereto which is incorporated herein by reference. Funds made available to the GRANTEE pursuant to this Agreement shall be expended only in accordance with the applicable federal, state, and local laws. No change or alteration in the amount of the total Budget attached may be made without the express approval of the Board of Commissioners if the COUNTY amount changes. The Budget detail or total Budget may be amended with the approval of the County Manager, within the COUNTY funds made available by this Agreement. (2) Termination of this Agreement may occur for reasons described herein or in attachments hereto. The COUNTY may execute an extension of this Agreement in its discretion and in accordance with such additional conditions as it may require. (3) The GRANTEE agrees that it will supply such records, information and verification relating to expenditures of the funds or the operations of the GRANTEE as may reasonable be requested by the COUNTY. The GRANTEE agrees that the COUNTY shall have access to the records and premises of the GRANTEE at all reasonable times, and the GRANTEE agrees to submit such reports as the COUNTY shall request pertaining to the funds granted herein or the operations of the GRANTEE. The GRANTEE shall maintain a written accounting and documentation of all of its receipts and disbursements relating to the grant funds which are the subject of this Agreement.