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FUNDING AGREEMENT BETWEEN CITY OF SAN MARCOS AND <br /> BLANCO RIVER REGIONAL RECOVERY TEAM,FOR A RENT RELIEF PROGRAM <br /> Contract# <br /> THIS AGREEMENT is made and effective as of January 1, 2025,by and between the City of San Marcos <br /> (herein called the"the City")and Blanco Regional Recovery Team(herein called"the Agency"),which is <br /> a social services agency receiving grant funding from or through the City. The City and Agency may also <br /> be referred to herein,individually as a"Party,"or collectively, as"Parties." <br /> NOW,THEREFORE,it is agreed between the parties hereto that: <br /> I.RECITALS <br /> The U.S. Treasury has initiated the Coronavirus State and Local Fiscal Recovery Funding(CSLFR) <br /> through the American Rescue Plan Act(ARPA)for the purpose of aiding state and local communities in <br /> responding to public health and economic impacts created by the coronavirus pandemic. <br /> Recipient provides support to the recovery of community and to reversing negative economic impacts in <br /> the City. <br /> II.USE OF FUNDS <br /> Recipient will utilize these funds to provide continued services to support the recovery of the San Marcos <br /> community.Use of funds by the Recipient will be for qualifying expenses as set forth by the U.S. <br /> Treasury Coronavirus State and Local Fiscal Recovery Funds,31 CFR Part 35. <br /> City agrees to provide Agency$115,000 in return for its faithful, diligent,expeditious and satisfactory <br /> performance of the activities specified in the Appendices.Funding will be available at the start of the <br /> 2025 Calendar Year(January 1,2025)or upon receipt of the authorization to expend funds and the receipt <br /> of a subsequent Notice to Proceed from the City,whichever is later. <br /> III. CITY OBLIGATION <br /> By City Council Meeting held on December 3,2024, $115,000 from CSLFR funds will be provided to the <br /> Recipient for the purpose of administering a rent assistance to residents of San Marcos. <br /> The funding under this Agreement will be made from appropriations made to the City by the U.S. <br /> Treasury through the CSLFR funds. <br />