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SBRGP grant award. CMDC staff will collect any additional information needed for <br />verification responsibilities noted below. <br /> <br />For complete applications submitted to CMDC staff by the CITY, CMDC will be <br />responsible for verifying that: <br />The grant applicant is actively registered with the Minnesota Office of the Secretary <br />a. <br /> <br />of State <br />as evidenced by a current “Certificate of Good Standing”. <br /> <br />The applicant is not subject to any Minnesota Tax liens. <br />b. <br /> <br /> <br />The applicant employs 30 or fewer full-time equivalent workers as of January 1, <br />c. <br /> <br />2020; <br /> <br />The applicant has demonstrated a financial hardship because of the COVID-19 <br />d. <br /> <br />pandemic. <br /> <br />CMDC will review complete SBRGP applications and supporting documentation and <br />5. <br /> <br />report to the CITY on the eligibility of the grant request after verifying that applicant <br />meets the requirements noted above. <br /> <br />CMDC will assist the CITY with the preparation and processing of grant agreements <br />6. <br /> <br />between the CITY and approved grantees. <br /> <br />Final grant approval, and disbursement of grant funds to approved grantees shall <br />7. <br /> <br />be the sole responsibility of the CITY. <br /> <br />TERM OF THE AGREEMENT <br />2. <br /> <br /> <br />This Agreement is effective commencing the date of execution and shall continue until <br />terminated as provided herein. <br /> <br />PAYMENT FOR SERVICES <br />3. <br /> <br /> <br />In consideration for its services, the CITY agrees to compensate CMDC as follows: <br /> <br />Underwriting Fee <br />a. <br /> <br /> <br />The fee charged for services rendered by CMDC will be: <br />$500 for each application reviewed for eligibility. <br /> <br /> <br />$100 for each grant agreement processed <br /> <br /> <br /> <br /> <br /> <br /> <br />RESOLUTION #20-194 <br />Page 6 of 9 <br /> <br /> <br /> <br />