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agreements, and meet all requirements detailed in this Agreement ("finpacted Tenants"), are eligible <br />for rent assistance pursuant to said Program, as detailed on the Impacted Tenants List attached hereto <br />as Exhibit A and incorporated herein by reference. <br />C. Grantrunds. Pursuant to this Agreement, the City will pay Landlord a total annount <br />not to exceed $9,688.00 ("Grant Funds"), for rental relief assistance for the Landlord's Impacted <br />Tenants, as detailed in Exhibit A. <br />1. The Grant Funds will be disbursed directly to Landlord in a one-time <br />electronic payment from the City after the Landlord provides the City with <br />required W-9 and banking information to receive the disbursement of Grant <br />Funds. <br />2. Landlord aclonowledges that the source of flunding for said Program is the <br />federal CARES Act, considers flie Grant Funds to be a necessary expense <br />incurred due to the COVID-19 public bealth emergency, and that the Grant <br />Funds meet the other requirements for the use of Rind payments under section <br />60.1(d) of the Social Security Act, as outlined in the CARES Act. <br />The Grant Funds must be applied to the past due rent amounts of the Impacted <br />Tenants, and no other use of said Grant Funds is allowed. <br />4. The GrantFundsutihzed for said Program bavebeen appropriated to the City <br />pursuant to the CARES Act, and any use of the Grant Funds by the Lsnldlord <br />are subject to the rules and regulations of the CARES Act. Additionally, all <br />Grant Funds will be subject to the availability of CARES Act funding. <br />Accordingly, The City reserves the right to reduce the arnount of Grant Funds <br />to Landlord, or to completely terminate this Agreement, in the City's sole <br />discretion, if there is a reduction in CARES Act Funds provided to the City. <br />Once the Grant Funds are paid by the City and received by the Landlord, the <br />Landlord shall provide a letter to each hnpaeted Tenant, with a copy to the <br />City; informing the Impacted Tenant that their rent owed since April 1, 2020, <br />has been paid by said Program. Additionally, all backup docunnemation will <br />be sent by the Landlord to the City to verify that the rent arrears has been paid <br />for the Impacted Tenants, <br />D. Grant Tern. This Agreement shall take effect on the date first written above, and <br />continue as long as Landlord is required to connply with any applicable terns, obligations or <br />requirenents of this Agreement. ("Grant Tenn"). <br />II. ELIGIBILITY REQUIREMENTS <br />A. Landlord Representations and Warranties, As a prerequisite for participating in said <br />Program, Landlord confinns that flc following is true and correct: <br />