PROGRAMA DE ASISTENCIA FINANCIERA PARA PEQUEÑAS EMPRESAS – VALLEY METRO

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Program Grant Funding. The City of Phoenix and Valley Metro are providing Program Grants to eligible businesses through the Program, pursuant to the following monetary categories:

a. Tier I: Amount of $3,000
b. Tier II: Amount up to $9,000 (cumulative of any Tier I payments)

Program Period Grants. Grants shall be used to cover the cost of utilities, mortgage, rent, payroll expenses (collectively Vendors).

Program Period. The Program will disburse a Program Grant during the current funding year which concludes December 31, 2022.

Payment of Program Grants. If Grantee receives a Program Grant pursuant to Tier I, Prestamos will disburse the Program Grant to them directly. If Grantee receives a Program Grant pursuant to Tier II, Prestamos will pay Vendors and credit Grantee the amounts paid against the Program Grant.

Grantee shall indemnify and hold harmless City of Phoenix, Valley Metro, Prestamos and CPLC (collectively “Indemnified Parties”) from and against any and all claims, losses, demands, causes of action, or liabilities incurred by the Indemnified Parties, arising from, in whole or in part, directly or indirectly, as a result of the Grantee’s acts or omissions under this Agreement, except as may arise from the gross negligence or willful misconduct of the Indemnified Parties. Any damages, costs, charge or expenses of any nature whatsoever incurred by Grantee, with respect to any action, claim, suit or proceedings taken by or against Grantee and relating to expenditure of the Program or the Program Grant, shall not be paid out of the proceeds of the Program Grant.