Community Agency Grant

The City of Cottonwood has entered into a Community Agency Grant agreement with Verde Valley Wheel Fun, an Arizona nonprofit corporation, to provide funding for the creation of the Outride Fund's Riding for Focus (R4F) Program at Dr. Daniel Bright Middle School and a middle school mountain bike club that meets after-school at Cottonwood Community School. The funding amount is $10,000, payable in quarterly installments of $2,500. The agreement outlines the terms and conditions of the funding, including the use of funds, reporting requirements, and termination provisions. Key points include: • The Grantee shall utilize funds received pursuant to this Agreement to perform the services identified in Exhibit A. • The City shall provide funding in the amount of $10,000 during the term of this Agreement. • The Grantee shall report to the City as follows: Year-End Report and Quarterly Reports. • The Grantee acknowledges that all documents provided to the City may be subject to disclosure by laws related to open public records. • The Agreement may be terminated by either party upon 30 days written notice, for reasons that include but are not limited to the City's receipt of revenues that are less than those anticipated at the time of this Agreement, or the Grantee’s failure to submit the written reports described in Section 4 below by the prescribed deadline.