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Grant Agreement - Bloomberg Philanthropies - Bloomberg Mayors Challenge
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Grant Agreement - Bloomberg Philanthropies - Bloomberg Mayors Challenge
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4/4/2025 1:46:57 PM
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3/12/2019 3:57:01 PM
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Board of Public Works
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Contracts
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3/12/2019
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among budget lines based on the Grantee's and the Foundation's estimates of the appropriate allocation. <br />A revised Budget for the Project shall be developed and submitted for the Foundation's review and <br />approval by March 31, 2019. The Grantee and the Foundation shall work together to make any further <br />changes to such draft, and if the Grantee has not provided to the Foundation a final Budget <br />(incorporating any agreed -upon changes) satisfactory to the Foundation by April 30, 2019, the Grantee <br />shall return any unexpended or uncommitted Grant Funds to the Foundation, and the Foundation shall <br />have the right to discontinue funding the Project or cancel the Grant with respect to any then <br />undistributed Grant Funds. Once approved by the Foundation, the final Budget shall supersede and <br />replace the Project Budget initially attached hereto as Schedule C. The Grantee must adhere to the <br />Project Budget. The Foundation must pre -approve any change of 10% or more in any line item. Any <br />budgetary changes for activities not included in the Project must receive prior Foundation approval. The <br />Foundation reserves the right to withhold funding if said expenditures are not consistent with the Project <br />or in accordance with the Project Budget. In addition, indirect costs can in no event represent more than <br />15% of the Project Budget. For the purposes of this Agreement, indirect costs shall mean those costs <br />that have been incurred by the Grantee that cannot be identified specifically in reference to a particular <br />program but relate to several programs, including the Project. The Grantee must deposit the Grant <br />Funds in an interest -bearing account or other short-term investment vehicle and must apply any interest <br />earned to the Project. Any additional income related to Grant Funds, including but not limited to <br />dividends, interest or appreciation and currency fluctuation must be used for the Project. Interest earned <br />must be reported to the Foundation in the Periodic Report. <br />(c) lacy persons. If the Grantee is notified that a key member of the Project (e.g. <br />a director, project manager or performance management lead, as further specified in the Project planning <br />document and list of Key Persons attached hereto as Schedule ) (the "Key Person") will cease to <br />devote substantially all of his or her business time and efforts to the Project, the Grantee shall notify the <br />Foundation of such cessation within 3 business days. After receiving such notification, the Foundation <br />shall have the right to discontinue funding the Project or cancel the Grant with respect to any then <br />undistributed Grant Funds if (a) such Key Person's position has not been filled within 60 days after such <br />notification with a person possessing similar skills and capabilities, as determined by the Foundation in <br />its sole discretion, (b) the Foundation has not been provided with documentation demonstrating that the <br />person hired to fill such vacancy is well -qualified to fill the position, or (c) such Key Person does not <br />again begin devoting all of his or her business time to the Project within 10 business days. <br />(d) Media Documentation. The Grantee shall use its best efforts to document the <br />Project by facilitating and/or producing publications, audio or video programming, film or other media <br />regarding the Project. <br />(e) restrictions on Distribution of Grant Funds. The Grantee acknowledges that <br />it is familiar with the U.S. Executive Orders and laws that prohibit the provision of resources and <br />support to organizations and individuals and/or organizations associated with terrorism and terrorist <br />related lists promulgated by the U.S. Government, the United Nations, and the European Union. The <br />Grantee will take all precautions necessary to ensure that none of the Grant Funds will be used (i) in <br />support of or to promote violence, terrorist activity or related training, whether directly through its own <br />activities and programs, or indirectly through its support of, or cooperation with, other persons and <br />organizations known to support terrorism or that are involved in money laundering activities or (ii) for <br />purposes of or in connection with bribery or in contravention of the U.S. Foreign Corrupt Practices Act <br />of 1977, as amended, or other applicable anti -bribery law. In addition, the Grantee confirms that no <br />-3-. <br />
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