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R2023-43 Resolution Authorizing a Grant Agreement between the City of Decatur and the State of Illinois Department of Commerce and Economic Opportunity (Grant #23-203059)
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R2023-43 Resolution Authorizing a Grant Agreement between the City of Decatur and the State of Illinois Department of Commerce and Economic Opportunity (Grant #23-203059)
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3/9/2023 4:37:12 PM
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3/9/2023 4:37:07 PM
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Resolution/Ordinance
Res Ord Num
R2023-43
Res Ord Title
R2023-43 Resolution Authorizing a Grant Agreement between the City of Decatur and the State of Illinois Department of Commerce and Economic Opportunity (Grant #23-203059)
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City Manager
Approved Date
3/6/2023
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Agreement No 23-203059 <br /> EXHIBIT C <br /> PAYMENT <br /> Grantee shall receive$3,000,000.00 under this Agreement. <br /> Enter specific terms of payment here: <br /> The Award amount listed above is not a guarantee of payment,and Grantee's receipt of Grant Funds is contingent <br /> upon all terms and conditions of this Agreement. <br /> Variable Advance/Remainder based on cash needs/reimbursement(Not to Exceed 9%Advance) <br /> The Grantor shall authorize an initial disbursement in an amount sufficient to address the Grantee's immediate <br /> cash needs according to their reported and Grantor approved obligations. Thereafter,the payments may be made <br /> for the dual purpose of reimbursing for expenditures incurred as well as documented cash needs of the Grantee as <br /> approved by the Grantor. <br /> s <br /> R j <br /> State of Illinois <br /> GRANT AGREEMENT FISCAL YEAR 2023/1/18/22 <br /> Page 30 of SO <br />
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