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CENTRAL MINNESOTA INITIATIVE FUND <br /> <br />LETTER OF GRANT AGREEMENT <br />Grant Number: TR97-106 <br /> <br />I. INTRODUCTION <br /> <br />The purpose of this document is to set forth the terms and conditions under which the <br />Central Minnesota Initiative Fund (Fund) will award grant funds to City of Elk River <br />(Grantee) to complete the Education Officer project. <br /> <br />II. RESPONSIBILITIES OF THE CENTRAL MINNESOTA INITIATIVE FUND <br /> <br />A. The Fund hereby agrees to grant 4,000 for the period of April 1, 1997 to June 30, <br /> 1997 for the above referenced project. <br />B. Payment will be made by the Fund upon receipt of this signed grant agreement and <br /> required attachments, if any. <br />C. The Fund reserves the right to discontinue, modify or withhold the total amount of <br /> this grant if in the judgment of the Initiative Fund such action is necessary to <br /> comply with requirements of the law. <br />D. The Fund reserves the right to distribute any written or video materials resulting <br /> from this effort and further reserves all rights pertaining to copyright of these <br /> materials. <br /> <br />III. RESPONSIBILITIES OF THE GRANTEE <br /> <br />go <br /> <br />The Grantee, hereby agrees to carry out this project and to use the grant funds only <br />for the designated purpose as described in the grant application submitted to the <br />Fund. The Grantee agrees to obtain consent if any substantial deviation from said <br />grant application is proposed. The Grantee further agrees not to use the funds for <br />any purpose prohibited by law. <br /> <br />Bo <br /> <br />Grantee hereby agrees to maintain its books and records to show, and separately <br />account for the funds received under this grant, to maintain records of expenditures <br />adequate to identify the purposes for which grant funds have been expended, and <br />to retain such records for four years. <br /> <br />Co <br /> <br />Grantee hereby agrees to permit the Initiative Fund, at its request to have complete <br />access to the Grantee's files and records for the purpose of making such financial <br />audits, verifications, and investigation as it deems necessary concerning the grant. <br /> <br />D. Grantee hereby agrees to repay to the Initiative Fund any portion of the grant which <br /> is not used for the purposes specified herein. <br /> <br /> <br />