Fillable City of Montgomery, TX Economic Development Corporation Grant (City of Montgomery)

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City of Montgomery, TX Economic Development Corporation Grant (City of Montgomery)

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The City of Montgomery, TX Economic Development Corporation Grant (City of Montgomery) form is 2 pages long and contains:

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  • 4 check-boxes
  • 40 other fields

Country of origin: US
File type: PDF

U.S.A. forms for City of Montgomery

BROWSE CITY OF MONTGOMERY (TX) FORMS

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City of Montgomery, TX
Economic Development Corporation
Grant Application
Company Name:
Company Contact:
Title:
Best Phone:
Alt. Phone:
Email Address:
Physical Address:
City, State, Zip:
Mailing Address (if different):
City, State, Zip:
Applicant’s years of experience in this business:
How long has his business been located in
Montgomery?
Do you own or lease this facility?
OWN LEASE
If leased, please provide owner information and a copy of lease agreement.
Owner Name:
Owner Phone:
Provide a detailed description of the proposed project as “Exhibit A” attached
What is the estimated total cost of the project?
(Include supporting information, ie estimates/quotes as “Exhibit B” attached)
$
How much funding are you requesting from the MEDC for this project?
(Typical grants are awarded at 1/3 the total project cost or up to $5,000)
$
Are you requesting an exception for additional funding on this project?
(Please provide additional supporting evidence for this request as “Exhibit C”)
$
When will this project begin?
What is the estimated completion date?
Attach all drawings of planned improvements as “Exhibit D”
Include a description of expected commercial revitalization impact & sales tax revenue impact as “Exhibit E”
If this project will employ Montgomery vendors, please supply details as “Exhibit F”
Applicant’s Signature: ____________________________________________
Title: ____________________________________________
Date: ____________________________________________
OFFICE USE:
Date Application Received:
Date Presented to Board:
APPROVED
DECLINED
Performance Agreement
Received:
Project Completion Date:
Funding Date:
Check Number:
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Montgomery Economic Development Corporation Grant
PERFORMANCE AGREEMENT
THIS PERFORMANCE AGREEMENT is made and entered into as of ___________________,(date) by and
between THE MONTGOMERY ECONOMIC DEVELOPMENT CORPORATION (MEDC) and
__________________________________________________(Grant Awardee), whose business address is
_________________________________________________________________________________________.
In consideration of the mutual covenants herein contained and, intending to be legally bound hereby, the MEDC
and Grant Awardee agree as follows:
1. Grant Awardee will complete the grant application.
2. MEDC will notify Grant Awardee by U.S. Mail.
3. In the event that the property covered by the grant is leased, the Grant Awardee must provide the
city with a letter of approval from the property owner for said improvements to commence.
4. Grant Awardee must submit plans to city for proper approvals and proper city permits.
5. A proposed project must start after grant approval and be completed within six (6) months of the
date of this agreement or according to the terms of this agreement.
6. When the project is complete, the Grant Awardee must request the MEDC to verify completion and
costs.
7. Grant Awardee must agree to maintain said enhancements/improvements for a period of time not
less than twelve (12) months.
8. Upon notification by staff that the project has been completed and a satisfactory Performance
Agreement has been executed by both parties, the MEDC will transfer awarded funds to the Grant
Awardee for reimbursement of costs up to the awarded amount at the specified matching ratio.
9. Only costs from a vendor for purchased labor or materials will be recognized for matching funds.
Costs for the applicant’s employee labor or in-stock materials are not eligible for reimbursement.
10. MEDC may, at its sole discretion, extend the period of performance.
11. The MEDC Representative will verify start of work and completion of work.
12. No grant reimbursement funds will be paid until the project is complete. Cost incurred prior to the
date of the grant approval may not be recognized for matching funds.
Date of Completion. The date of completion of the project is established as _________________________.
Payment. At completion of project MEDC agrees to make the following payment in U.S. funds to Grant
Awardee, provided Grant Awardee complies with all of the covenants and stipulations contained in this
Agreement.
A set fee of up to ______________________________________.
__________________________________________________
Grant Awardee
__________________________________________________
MEDC President
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City of Montgomery, TX Economic Development Corporation Grant (City of Montgomery)

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Completed 14 July 2020

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