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08-10-2020-SWS
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08-10-2020-SWS
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3 <br /> <br />3. General Grant Uses: Awarded funds may be used exclusively for working capital <br />purposes, defined as current payroll obligations (i.e. may not include employees who have <br />been laid off), lease or mortgage payments, utilities, accounts payable, property taxes and <br />other critical business expenses that can’t be paid as a direct result of the current health <br />emergency. Awarded funds may not be used for business owner’s/manager’s personal uses <br />or expenses. <br />4. Proof of Need: All applicants must demonstrate financial need for grant funds prior to <br />approval. This includes but is not limited to the previous year’s annual gross revenue, <br />average monthly gross revenue prior to COVID-19, and projected monthly gross revenue <br />for the next three months. Additionally, applicants are encouraged, but not required to <br />provide evidence of application submittal, acceptance, approval and/or denial of State and <br />federal emergency financing programs. This could simply include an email response from <br />these agencies. <br />5. Proof of Expenses: Applicant shall provide proof of eligible expense requested to be paid <br />with grant funds. <br />6. Reporting: As a condition for receiving grant funding, all grant recipients are required to <br />submit a brief report to the City within two months after receiving grant funds, specifying <br />how the entirety of the grant funds were utilized and providing evidence in the form of paid <br />invoices, statements, or similar documentation. <br />7. Grant Agreement for General Grants: Upon a successful general grant application being <br />awarded funds, the grant recipient shall enter into a Grant Agreement with the City of <br />Arden Hills, acknowledging the limitations on use of the funds. Funds will not be <br />distributed for any general grant award until a grant agreement has been executed by all <br />required parties. <br />8. Disbursement of Funds: Funds shall be distributed as soon as possible after a fully executed <br />grant agreement has been received. <br />9. Termination: The City of Arden Hills retains the right to terminate any agreement under <br />the Emergency Assistance Program if a grant recipient is found to be in violation of any <br />conditions set forth in the grant guidelines or grant agreement. <br />10. Right to Deny: The City of Arden Hills retains the right to deny any application for grant <br />funding for any reason. <br />11. Funding Availability: The Small Business Emergency Assistance Program has a limited <br />amount of general grant funds available. For general grants, awards will be provided on a <br />first-come, first-considered basis until the earlier of the date the fund is exhausted, or the <br />City-declared state of emergency is lifted. <br />12. Indemnification: All grant recipients shall be required to indemnify the City of Arden Hills, <br />and any officers acting on their behalf. <br />13. Minnesota Data Practices Disclaimer: While the City does not intend to proactively <br />display, share or advertise business financial information provided as part of the application <br />and review process, confidentiality of such data cannot be guaranteed and is subject to <br />Minnesota Data Practices Act with regard to public access to data. <br />Application Process <br />Application requirements will involve providing:
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