The City of Cottonwood has awarded a community agency grant to Friends of the Verde River, a nonprofit organization, to support their mission and programs. The grant is for a maximum amount of $5,000, payable in quarterly installments of $1,250, contingent upon the submission of quarterly and year-end reports. The agreement is effective from September 19, 2023, to June 30, 2024. The Grantee is required to acknowledge the City's financial support and employ the City's logo in their program and promotional materials. Key aspects of the contract include:
• Quarterly reports and year-end reports to be submitted by the Grantee
• Payment of $1,250 in quarterly installments
• Indemnification of the City by the Grantee
• Cancellation of the agreement in case of conflict of interest
• Acknowledgement of City support by the Grantee