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3. CONTRACTOR will translate application from English into Spanish and <br />Vietnamese. <br />3. CONTRACTOR will open a dedicated Treasury Management account with <br />CONTRACTOR's preferred banking institution for the benefit of the CITY, which <br />will hold grant funds for deployment and from which grants to approved applicants <br />will be disbursed. If any interest, dividends, income, capital gains, and any other <br />amounts earned or derived therefrom, must be returned to the CITY. <br />4. Once grant inquiry applications are received, CONTRACTOR will determine the <br />initial eligibility status of the individual, business, or non-profit based on criteria set <br />by the CITY. <br />5. Ineligible individual, business, or non-profit grant applications will be notified of <br />ineligible status. <br />6. Individuals, businesses, and non -profits deemed eligible from the initial screening <br />may need to provide additional documentation to ensure all criteria is met by those <br />entities. <br />7. CONTRACTOR will evaluate the documentation provided by the individual, <br />business, or non-profit and approve or decline the application based on information <br />provided by the applicant and the criteria established for the program by the CITY. <br />8. Both declined and approved applicants with completed applications will be notified <br />within 5 business days of the funding decision. <br />9. Approved applications will be remotely closed using CONTRACTOR's automated <br />grant disbursement system. Documentation will include obtaining signed copies of <br />the Arts Relief Grant Recipient Agreement (Attachment D) and W-9 form. <br />10. Approved applicants will have their grant funding disbursed through Electronic Fund <br />Transfer (EFT) or check payment. The CITY's Preferred distribution is through EFT. <br />11. CONTRACTOR will provide all necessary reports and documentation, including a <br />wrap-up report at the end of the grant period. <br />19 <br />