The City of Cottonwood has awarded a grant to Science Vortex of Verde Valley, a non-profit organization, to support its programs and services. The grant is for a maximum amount of $5,400, payable in quarterly installments of $1,350, provided that the Grantee submits timely reports. The Grantee is required to submit year-end and quarterly reports to the City, and to acknowledge the City's financial support in its promotional materials. The contract may be terminated by either party with 30 days' written notice.
• The grant is for a term of one year, from September 19, 2023, to June 30, 2024.
• The Grantee is required to submit reports on its activities and financial performance.
• The City may terminate the contract if the Grantee fails to submit reports or if the City's revenues are less than anticipated.
• The Grantee is required to indemnify the City against any claims or liabilities arising from the contract.