HomeMy WebLinkAboutCross Checking, Inc.-Disaster Recovery Business Rental Assistance Program Contract-09.28.2009 Disaster Recovery Business Rental Assistance Program Contract
CONTRACT# AWARD DATE: PROJECT COMPLETION DATE:
BRAP033 _, 2009 , 2009
CITY: City of Waterloo CONTACT PERSON: Noel Anderson, Director of
715 Mulberry Street Community Planning and Development
Waterloo, Iowa 50703 Email: Noel.Anderson@Waterloo-ia.org
aai Phone: (319) 291-4366
E Fax: (319) 291-4262
cu
a) BUSINESS: Cross Checking, Inc. CONTACT PERSON: Mark Frost
F- d.b.a. The Penalty Box Email: markfloordecor@aol.com
118 Commercial St Phone: (319) 231-8793
Waterloo, Iowa 50701 Fax:
CD FORGIVABLE LOAN AMOUNT: $20,706.42
us y TERMS OF FORGIVENESS: PROJECT DESCRIPTION:
y The Business must: This Forgivable Loan is provided by the City to the
Q l ■ Locate in a business rental Business to complete the Project as described in
T J space that was physically its application and summarized here. Funds shall
= a, damaged by the 2008 natural be used by the Business for rental assistance for
E2 disaster(s). the period [10/08] to [03/09].
i .> • Enter into a minimum one-year,
n o market-rate lease.
u_ • Remain open for the duration of
0) the six-month period for which
m rental assistance is awarded.
• Not be in default of any term of
this Contract.
THE UNDERSIGNED AGREE to be bound by the terms and conditions stated above and the
following documents incorporated by this reference and attached to this Contract: (1) Exhibit A- Disaster
Recovery Business Rental Assistance Program General Provisions (July 2009), (2) Exhibit B-
Business's Promissory Note, and (3) Exhibit C -Business's Application for Disaster Recovery
Business Rental Assistance Program assistance. The Parties have entered into this Contract, effective
as of the last date stated below (the "Contract Effective Date").
FOR THE CITY: FOR,THE SINESS: �� __ �
Signature Signature �/' 4 _ 1
Print Name and Title Print a e a►: Ae
1 PAY/ 01 /i0"i
Date Date