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Home My WebLink AboutAG 20-174 - Capital Growth Financial ServicesCITY FEDERAL WAY t DEPARTMENT ROUTING t ORIGINATING DEPT./DIV, r CONrC DEVELOPMENT / ORIGINATING PERSON: T1 • iN EXT: 3. DATE REQ, 4. TYPE OF DOCUMENT (CHECK ONE): ❑ CONTRACTOR SELECTION DOCUMENT (E.G., RFB, RFP, RFQ) ❑ PUBLIC WORKS CONTRACT ❑ SMALL OR LIMITED PUBLIC WORKS CONTRACT ❑ PROFESSIONAL SERVICE AGREEMENT ❑ MAINTENANCE AGREEMENT ❑ GOODS AND SERVICE AGREEMENT ❑ HUMAN SERVICES / CDG ❑ REAL ESTATE DOCUMENT ❑ SECURITY DOCUMENT (E.G. BOND RELATED DOCUMENTS) ❑ ORDINANCE ❑ RESOLUTION i ..i ■ 1� i i7 6. NAME OF CONTRACTOR: CAPITAL GROWTH FINANCIAL SERVICES, LLC ADDRESS: 3214 SW 326TH ST, FEDERAL WAY, WA, 98023 TELEPHONE: (206) 735-9574 E-MAIL: TONYCAPITALGROTHFINANCIALSERVICES.COM SIGNAT : ANTONIO FERNANDEZ TITLE: SEE ATTACHED EXHIBITS AND ATTACHMENTS: El SCOPE, WORK OR SERVICES EJ COMPENSATION El INSURANCE REQUIREMENTS/CERTIFICATE 13 ALL OTHER r EXHIBITS ■ PROOF OF r• ■ REQUIRED LICENSES ■ PRIORCONTRACT/AMENDMENTS COMMENCEMENT ! i DAT r r i r pvwj w i wF 11!i CALCULATED ON HOURLY LABOR CHARGE - ATTACH SCHEDULES OF rr AND HOLIDAY REIMBURSABLE EXPENSE: El YES XNO IF YES, MAXIMUM DOLLAR AMOUNT: $____ IS SALES TAX OWED ❑ YES X NO IF YES, $ RETAINAGE: RETAINAGEAMOUNT: PROVIDED PAID ■ CONTRACTOR ■ CITY ,Ei RETATNAGE AGREEMENT (SEE CONTRACT) OR o RETAINAGE BOND 0 PURCHASING: PLEASE CHARGE TO: 001-1800-990-518-40 VPM-17 1 , ` ' ` =0 P ' JkT MANAGER MECTOR. ■ RISK MANAGEMENT (IF APPLIJCAB ■ LAW INKODW ` ` ' ITI / DATE REVIEWED SCHEDULED i D. SCHEDULED ir DATE: INITIAL / DATE: ..PROVED. COMMITTEE APPROVAL DATE: COUNCIL APPROVAL DATE: SIGNED0 SENT TO VENDOR/CONTRACTOR. DATE SENT: DATE PEC'D: 11 ATTACH: SIGNATURE AUTHORITY, INSURANCE CERTIFICATE, LICENSES, EXHIBITS El CREATE ELECTRONIC REMINDER/NOTIFICATION FOR I MONTH PRIOR TO EXPIRATION DATE (Include dept. support staff if necessary and feel free to set notification more than a month in advance if council approval is needed.) INITIAL I DATE main -am .• ■ CITY CLERK ■4 r 1/2020 5-!G---I- CITY OF Federal Way goo "Im CITY HALL 33325 Sth Avenue South i'M I W1 JA �98003-6325 WITH CAPITAL GROWTH FINANCIAL SERVICES, LLC City 40 Grantee pgctlior Tarties") are located ano do ouSiness at me opipw auqt�STT TY-FEL71 any notice required under this Agreement: Antonio Fernandez 3214 SW 326TH ST FEDERAL WAY, WA 98023 (206) 735-9574 (telephone) CITY OF FEDERAL WAY: Ade Ariwoola 33325 8th Federal Way, WA 98003-6325 (253) 835-2520 (telephone) (253) 835-2509 (facsimile) 111119.1• 111 . f• et 7. •I'll "I • 1. TERM. This agreement contemplates a one-time grant of funds to the Grantee under the conditions described herein. 2.1 Warranties. The Grantee warrants the following, which are pre -requisites for grant eligibility: a) Grantee operates a business physically located within the political boundaries of the City of Federal Way; b) Grantee maintains a current City of Federal Way business license, c) Grantee has paid all taxes and government fees due up to the date of execution of this grant agreement; d) Grantee is not the recipient of other state or federal funding made available as a response to the COVID-19 pandemic e) Grantee's business employs no more than the equivalent of ten (10) full-time employees (20,800 man-hours total for all employees per year); Grantee's net revenues do not exceed more than $1.5 million per year; g) Grantee does not operate as a tax-exempt business as defined by the Internal Revenue Service; h) Due to COVID- 19, Grantee business (check all that apply): E] Was required by state or local order to close Was forced to lay off employees due to reduced patronage Incurred over $1,000 in COVID-19 related expenses Experienced 10-50% lost revenue E] Experienced over 50% lost revenue CARES ACT BUSINESS GRANT AGREEMENT CITY OF CITY HALL 33325 8th Avenue South ederalWay Federal May. WA, 98003-6325 (253) 835-7000 F wmv.cityOffederalwaycom 2.2 Use 2f Funds- Grantee affirms that grant funds will be used for the following purposes: a) Mortgage or Rent b) Personal Protection Equipment c) Insurance d) Utilities e) Marketing 0 Payroll Grantee agrees to retain receipts documenting use of grant funds and will provide them to the City or its designee upon request. 3. TKRA112j". Should any of the conditions described in section 2.1 above, not be met, the City may recover all disbursed grant funds and terminate this agreement. 4.1 Amount.In order to promote healthy economic activity in the City and in response to the losses Grantee has incurred due to the COVID- 19 pandemic, the City shall provide a grant to the Grantee in an amount not to exceed One Thousand and NO/I 00 Dollars ($ 1,000.00). 4.2 N66 If sufficient funds are not appropriated or allocated for payment under this Agreement for any fiscal period, the City will not be obligated to make payments under this agreement. Him" "III only to the �ktent of the Grantee's negCUSUIC LIM and indemnify the (U its elected officitils, Offidets, tr4Pl0Ye091 Agett ts� AftoPIOYsl � AAd volunteers to the extent and on the same terms and 00#='s �fts the Grantee pursuant to tfiit Oat4gr4lili- ThO City's inspection or acceptance of any of Grantee's work when completed shall not be grounds to avoid any of these covenants of indemnification. 5.2 Iridusttialx..It is specifically and expressly understood that theGrant-"- waives any immunity that may be granted to it under the Washington State industrial insurance act, Title RCW, solely for the purposes of this indemnification. Grantee's indemnification shall not be limited in any w by any limitation on the amount of damages, compensation or benefits payable to or by any third party und workers' compensation acts, disability benefit acts or any other benefits acts or programs. The Parties acknowledge that they have mutually negotiated this waiver. CARES ACT BUSINESS GRANT AGREEMENT -2- CITY OF Feder a I Way CITY HALL 33325 Sth Avenue South Federal Way, WA 98003-6325 (253) SZ5-7000 mvw. cK,,,offiederaiway. com 5.3 C� The City agrees to release, indemnify, defend and hold the Grantee, its officers, directors, shareholders, partners, employees, agents, representatives, and sub -contractors harmless from any and -all claims, demands, actions, suits, causes of action, arbitrations, mediations, proceedings, judgments, awards, injuries, damages, liabilities, losses, fines, fees, penalties expenses, . attorney's fees, costs, and/or litigation expenses to or by any and all persons or entities, including without limitation, their respective agents, licensees, or representatives, arising from, resulting from or connected with this Agreement to the extent solely caused by the negligent acts, errors, or omissions of the City. 5.4 Survival. The provisions of this Section shall survive the expiration or termination of this Agreement with respect to any event occurring prior to such expiration or termination. 6. GENERAL al QTS`., 1111; 10�11�1!l i Jill 11 6.3 E2Le�� Each individual executing this Agreement on behalf of the City and Grantee represents and warrants that such individual is duly authorized to execute and deliver this Agreement. This CARES ACT BUSINESS GRANT AGREEMENT -3 - CITY OF CITY HALL 33325 8th Avenue South al Wy Federal Way, WA 98003-6325 Feden a (253) 835-7000 Irwiv cityOffederalway coil) 75770770� ve e7ecutect M any numoer or counterparts, each ot which shall be deemed an original and with the same effect as if all Parties hereto had signed the same document. All such counterparts shall be construed together and shall constitute one instrument, but in making proof hereof it shall only be necessary to produce one such counterpart. The signature and acknowledgment pages from such counterparts may be assembled together to form a single instrument comprised of all pages of this Agreement and a complete set of all signature and acknowledgment pages. The date upon which the last of all of the Parties have executed a counterpart of this Agreement shall be the "date of mutual execution" hereof. 1 !1111111 i 11111111 11 Title: W C-712— DATE: 10/142020 Washington State Department of Revenue < Business Lookup License Information: New search Back to results Entity name: CAPITAL GROWTH FINANCIAL SERVICES, LLC Business name: CAPITAL GROWTH FINANCIAL SERVICES, LLC Entity type: Limited Liability Company UI #: 604-332-299 Business 11): 001 Location ID: 0001 Location: Active Location address: 3214 SW 326TH ST FEDERAL WAY WA 98023-2534 Mailing addrew. 3214 SW 326TH ST FEDERAL WAY WA 98023-2534 Excise tax and reseller permit status: Click here Secretary of State status: Click here Endorsements Endomenients held at this €ocafion Ucense 4 Count Dstaff Status Expiration date First issuance date Federal Way Home Occupation Active )an -31-2021 Jan -22-2020 Business Governing Peg plemy baclude g—EV pwple mt a9btamd Wm S—.My ofSfaft Governing people FERNANDEZ, ANTONIO TRe The Business Lookup information is updated nightly. 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