R2020-180 Resolution Authorizing Community Development Block Grant-COVID (CDBG-CV) Small Business Assistance Subrecipient Agreement FY 2020 Community Investment Corporation of Decatur, Inc. (CICD)

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��- 18 � CITY OF DECATUR COMMUNITY DEVELOPMENT BLOCK GRANT-CV (CDBG-CV) SMALL BUSINESS ASSISTANCE PROGRAM SUBRECIPIENT AGREEMENT This Community Development Block Grant-CV SUBRECIPIENT Agreement (the "AGREEMENT") is made on this 141h day of December 2020, by and between the City of Decatur, an Illinois Municipal Corporation (hereinafter "CITY") and Community Investment Corporation of Decatur, Inc. (CICD) (hereinafter "SUBRECIPIENT") for the Small Business Assistance Program. WHEREAS, the Grantee has applied for and received funds from the United States Government the U.S. Department of Housing and Urban Development ("HUD") under Title 24 of the Code of Federal Regulations, Part 570 and 2 CFR Part 200 of Uniform Administrative Requirements, Cost Principles and Audit Requirements and WHEREAS, the CDBG-CV grant funds will be utilized to prevent, prepare for, and respond to coronavirus; WHEREAS, the City wishes to engage the SUBRECIPIENT to assist the City in utilizing such funds in accordance with HUD guidelines and Federal regulations; NOW, THEREFORE, it is agreed between the parties hereto that; AGREEMENT I. APPENDICES TO AGREEMENT: All Appendices (A through D) attached to this Agreement are incorporated and made a part of this Agreement as referenced herein. SUBRECIPIENT agrees to abide by and follow all terms and conditions as set forth in said Appendices. 11. WORK TO BE PERFORMED BY SUBRECIPIENT: In exchange for receiving CDBG grant funds from the CITY for the Small Business Assistance Program (hereinafter "Program"), the SUBRECIPIENT shall be responsible for administering the Program in a manner satisfactory to the CITY and substantially consistent with any standards and regulations that are specified in this Agreement and adherence to the same is a condition of providing these funds. SUBRECIPIENT commits to the Program goals, including (1) the number of businesses (20)to be assisted within the City of Decatur (2) assistance to the business will benefit low moderate area and/or employees. SUBRECIPIENT agrees to expend the total amount of CDBG-CV funds covered in this Agreement,solely for the agreed upon activities and in accordance with the conditions outlined in this Agreement and the Program budget in Appendix B. 1