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FUNDING AGREEMENT BETWEEN CITY OF SAN MARCOS AND <br /> HAYS COUNTY FOOD BANK <br /> Contract # <br /> This Agreement(the"Agreement") is entered into by and between the City of San Marcos, <br /> a Texas municipal corporation (the "City") and Hays County Food Bank San Marcos, Texas (the <br /> "Recipient") and is effective for all purposes as of the date of the last signature of this Agreement <br /> ("Effective Date"). <br /> L RECITALS <br /> 1.1 The U.S. Treasury has initiated the Coronavirus State and Local Fiscal Recovery <br /> Funding (CSLFR) through the American Rescue Plan Act(ABPA)for the purpose of aiding state <br /> and local communities in responding to public health and economic impacts created by the <br /> coronavirus pandemic. <br /> 1.2 Recipient provides support to the recovery of community and to reversing negative <br /> economic impacts in the City. <br /> II. USE OF FUNDS <br /> Recipient will utilize these funds to provide continued services to support the recovery of the <br /> San Marcos community.Use of funds by the Recipient will be for qualifying expenses as set forth by the <br /> U.S. Treasury Coronavirus State and Local Fiscal Recovery Funds, 31 CFR Part 35. <br /> III. CITY OBLIGATION <br /> 3.1 By City Council Meeting held on December 5,2023,$200,000 from CSLFR funds will <br /> be provided to the Recipient for the purpose of supporting the Hays County Food Bank through <br /> funding that will assist with the establishment of a new facility. <br /> 3.2 The funding under this Agreement will be made from appropriations made to the City <br /> by the U.S. Treasury through the CSLFR funds. <br /> 3.3 The City will disburse to the Recipient an amount not to exceed $200,000 by check or <br /> wire transfer, at the City's sole option within five(5)business days of contract execution. <br /> IV. RECEPIENT OBLIGATION <br /> Recipient shall utilize CSLFR funds for the establishment of a new Hays County Food <br /> Bank facility in San Marcos, Texas for the purpose of supporting recovery of the community. <br /> Such expenditures shall be compliant with the federal rules and regulations, 31CFR Part 35. <br /> Hays County Food Bank(RECIPIENT)- ARPA Page 1 of3 <br /> FUNDING <br />