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1. TERM AND AMOUNT OF GRANT. <br />1.1 Effective Date and Term. This Grant Agreement shall be effective as of the Effective <br />Date and shall expire on December 31, 2023, or when all obligations are fulfilled to the satisfaction of <br />the City, whichever occurs first, unless earlier terminated pursuant to this Grant Agreement. <br />1.2 Grant Amount. The total amount of the Grant is $301,305 (the "Grant Funds"). In no <br />event shall the City be obligated to reimburse Grantee for eligible expenses that exceed the amount of <br />the Grant Funds, nor shall the City be obliged to make payments pursuant to this Grant Agreement <br />from funds other than those received by the City from the federal award identified on Exhibit B. <br />2. GRANTEE'S DUTIES AND RESPONSIBILITIES. <br />2.1 Installation of Broadband Improvements. Grantee will construct and install a fiber <br />optic broadband network that will provide last -mile fiber to properties located within the project <br />area maps attached as part of Exhibit C. Specifically, Grantee will acquire, construct, install <br />broadband infrastructure and provide access to broadband service to approximately 247 passing's in <br />the project areas at speeds and at retail prices as stated in the Grant Application, attached as <br />Exhibit C (the "Grant Project"). The broadband infrastructure shall have the capability to scale to <br />speeds of at least 100 megabits per second download and 100 megabits per second upload. <br />2.2 Contract Provisions and Payment of Contractors. Grantee must include in any <br />contract and sub -grant, in addition to provisions that define a sound and complete agreement, <br />such provisions that require contractors and sub -grantees to comply with all applicable state and <br />federal laws. Grantee must ensure that all contractors and subcontractors performing work <br />covered by this grant receive pay for satisfactorily completed work. Grantee shall pay wages at or <br />above the City's minimum livable wage standards for labor used in the installation of the project <br />infrastructure. For purposes of this requirement, the minimum wage standards shallbe an hourly <br />wage at or above the living wage established by MIT for Sherburne City <br />(https://IiNTine�wage.mit.edu/counties/2714 1.) <br />2.3 Time for Completion. Grantee shall complete the Grant Project within the time frames <br />specified on Exhibit C. <br />2.4 Compliance with Grant Agreement and Applicable Laws. Grantee shall fully <br />comply with the terms of this Grant Agreement and Grant Program. Grantee acknowledges that the <br />grant funds are subject to the Uniform Administrative Requirements, Cost Principles, and Audit <br />Requirements for federal awards as provided in 2 C.F.R. Part 200, and shall fully comply with the <br />Special Conditions attached hereto as ExhibitB. <br />2.5 Duty to Make Conduit Available to Other Providers. No later than 10 years after the <br />Effective Date, Grantee must make any conduit installed within the public right -of -way as part of <br />the Grant Project available to other broadband providers through lease, license, or other <br />reasonable terms to be determined by the Grantee. This provision shall survive termination or <br />expiration of this Grant Agreement. <br />2 <br />