FUNDING AGREEMENT-EMERGENCY HOUSING
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AGREEMENT
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THIS AGREEMENT entered into this ~ day of i\",,~ 1985, be-
tween the City of Clearwater, Florida (hereinafter referred to as City) and
QUEST INN, INC.,
(hereinafter referred to as Quest Inn and provides as
follows:
WHEREAS, the City has successfully applied for a CDBG Grant from the
U.S. Department of Housing & Urban Development to provide funds, inter
alia, to Quest Inn for Emergency Housing Services in Clearwater.
NOW THEREFORE, in consideration of the mutual covenants and agree-
ments hereinafter stated the parties hereto agree as follows:
I. The City shall provide to Quest Inn solely from its CDBG funds the
maximum sum of Seven Thousand Dollars Five Hundred Dollars ($7,500.00) sub-
ject to and in accordance with the provisions of this agreement and in ex-
press reliance on the warranty of Quest Inn that such funds will be used ex-
clusively for the following project in Clearwater, Florida:
Funds for Quest Inn to renovate their Emergency Housing facility at
509 North Fort Harrison Avenue in Clearwater . . . . . . $7,500.00
and that, all expenditures of said funds will be in accordance with the
provisions of the Housing and Community Development Act of 1974, as amend-
ed, and all rules and regulations pertaining thereto.
II. As funds are required by Quest Inn for the purposes provided
herein, Quest Inn may present to the City written requests for the amounts
of CDBG Funds required.
Each such request shall contain the certification
that all applicable federal, state and local laws, regulations and ordin-
ances have been complied with in committing said funds.
Upon receiving any
such requests in proper form, the City shall duly requisition from the
United States Department of Housing and Urban Development the amount so re-
quested and when such amount is credited to the City's CDBG Funds, the City
shall pay that amount to Quest Inn.
III.
None of said funds ~or any other Community Development Funds
shall be used for personnel, administrative or other operating costs of
Quest Inn.
IV. All records pertaining to this project shall be retained by Quest
Inn for such period as required by applicable laws and regulations and may
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QUEST lO/1/85
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thereafter be destroyed only with the prior written approval of the City.
All records shall be available for audit by representatives of the City
and other agencies responsible for compliance with applicable laws and re-
gulations.
IN WITNESS WHEREOF, the City and Quest Inn have executed this agree-
ment as of the date first above written.
CITY OF CLEARWATER, FLORIDA
Attest:
Approved as to form and
correctness:
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City A
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Seal:
QUEST INN, INC.
witnesses as to Quest Inn:
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ATTEST:
By
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QUEST 10/1/85
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