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FUNDING AGREEMENT BETWEEN CITY OF SAN MARCOS AND <br /> SAN MARCOS YOUTH BASEBALL and SOFTBALL <br /> ASSOCIATION <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 San Marcos Youth Baseball and Softball <br /> Association (SMYBSA) San Marcos, Texas (the "Recipient") and is effective for all purposes as <br /> of the date of the last signature of this Agreement ("Effective Date"). <br /> I. 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 wellbeing of impacted and underserved youth <br /> through recreational sport programming in partnership with the City. <br /> II. USE OF FUNDS <br /> Recipient will utilize these funds to provide scholarships for participation in youth sport leagues <br /> by underserved youth and families negatively impacted by the pandemic.Use of funds by the Recipient <br /> will be for qualifying expenses as set forth by the U.S. Treasury Coronavirus State and Local Fiscal <br /> Recovery Funds, 31 CFR Part 35. <br /> IH. CITY OBLIGATION <br /> 3.1 By City Council Meeting held on December 5,2023, $45,000 from CSLFR funds will <br /> be provided to the Recipient for the purpose of providing scholarships for participation in youth sport <br /> programming for underserved youth and families impacted by the pandemic. <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$45,000 by check or wire <br /> transfer, at the City's sole option within ten (10) business days following the City's receipt of <br /> documentation of expenditures made or satisfactory documentation of the planned allocation of these <br /> funds for the purpose of providing scholarships for participation in youth sport programming for <br /> underserved youth and families impacted by the pandemic. <br /> IV. RECEPIENT OBLIGATION <br /> Recipient shall utilize CSLFR funds to provide scholarships for participation in youth sport <br /> leagues by underserved youth and families negatively impacted by the pandemic. Such expenditures <br /> shall be compliant with the federal rules and regulations, 31CFR Part 35. <br /> SMYBSA(RECIPIENT)- ARPA FUNDING Page 1 of3 <br />