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HomeMy Public PortalAbout2019.12.23 Blue Cross of Idaho Foundation for Health Grant Agreement" Blue ~ 1 Foundation e, Cross of Idaho fo r Health, Inc. GRANT AGREEMENT Blue Cross of Idaho Foundation for Health, Inc. (the "Foundation") is pleased to award the City of McCall (the "Gran tee") with a Founda tion Grant (the "Grant"). The Gran t is awarded subject to the terms and conditions stated in this Gran t and any exh ibits or attachments thereto. Please read the terms an d conditions of the Gran t carefully before signing this doc um ent as the Grantee's sign ature constitutes the Grantee's agreement and acceptance in full of all terms and conditions contained herein. l. AMOUNT AND AD MINISTRATION OF AW ARD Subject to the term s an d conditions set out in the Gran t, the Fo un dation is pleased to award Grantee with a conditional Grant of up to Ten Thousand Dollars (SI 0,000), which shall include any interest or income arising therefrom (the "Maximum Grant Am ount''). The Gran t is conditional upon the prope r execution of this Gran t agre ement by an authorized representative of Gran tee. 2. PURPOSE AND USE OF GRANT FUNDS The Grantee shall utilize Gran t fun ds exclusively for the one of the following purpo ses: charitable, ed uca tional, scientific or literary purpo se (or some approved variation) as more fully described in sec tion l 70(cX2)(B ) of the Internal Revenue Code. Specifically, Grantee's purpo se of all Gran t funding from the Foun dation is for the suppo rt of the McCall comm unity garden. lt will also support the partn ership wi th McCall Outdoo r Science Schoo l to evaluate changing climate and the effects on recreational ec onomy an d health of residents. The Grantee agre es that Grant funds shall not be disbursed to any unrelated third party organizations, entities, or vendors. The Grantee agrees to malee its books and/or records pertaining to the Gran t available to the Foun dation at reasonable times. 3. INDEMNIFICATION In consideration for the issuan ce of Grant funds, the Grantee agree s to indemnify, defend and hold the Foun dation and its directors, office rs, employees, agents, parent company and affi liates harml ess from and against all allegations, claims, actions, suits, demands, dam ag es, liabilities, obligations, losses, settlements, judgments, costs and expenses (including without lim itation reas onable attorneys' fees and costs) which arise out of or relate to the Gran t, or result from any act or omission of Gran tee arising from projects funded through or related to the Gran t to the extent permitted by Idaho law. 4. GRANT TERMINATION lt is expressly ag reed that any use by the Grantee of the Gran t proc eeds for any purpo se other than those specified abo ve or if in the Foundation's sole judgment, the Grantee beco mes un able to carry out the purposes of the Gran t, or ceases to be an appropriate means of accomp lishing the purpose of the Gran t, the Foun dation may termin ate the Grant at any time at its sole option. In the event of termination un der this section, the Foundation shall have the right to require that all Grant amounts paid to the Grantee be repaid to it an d that an y outstanding Grant amount payable be cancelled. Now THEREFORE, the parti es have read, un derstand and accept the terms an d conditions stated in this Grant agreement. The individuals signin g this Grant agre ement represent and warran t that they are duly authorized to be bo und by its terms . The parties do hereby execute this Grant agreement effective on the date that the BCI Foun dation signs the Grant agr eement. \\ seruative) , _lj ~ 0\/\ ji1o._ yov Date: / 1 / l (\ I I ~ Blue Cross of Idaho Foundation for Health, Inc. By: r-- �J Y- ~ Title: fl_~tvc_ Dv~ Effective Date: t vj 2- 3 /� �