This Agreement is entered into on the _______ day of _______________, _______ between the MASON DOWNTOWN DEVELOPMENT AUTHORITY ("MDDA") and _____________________________________________ (Grantee), whose address is __________________________________________, Michigan.

The MDDA, by resolution adopted ______________________, ______ has approved a façade improvement grant to Grantee subject to the execution of this Agreement.

Grantee desires to accept the grant and to abide by the terms of this Agreement.

MDDA has approved a grant in the amount of ____________________________ ($ ) or _______________ (__%) of the project cost, whichever is less, for façade improvements at ____________________________, Mason, Michigan.

The parties agree as follows:

1. Grantee reaffirms that all information provided to MDDA is correct and accurate.

2. Grantee has read and agrees to abide by the provisions and requirements of the Mason Downtown Development Authority Façade Grant Program adopted November 15, 2001.

3. All work performed by Grantee will be consistent with the approval by MDDA. If Grantee desires to make any changes in the project, Grantee will obtain written approval from MDDA before implementing such changes. Grantee understands that MDDA is not required to approve any changes.

4. Grantee agrees to complete the improvements within one year from the date of this Agreement and understands that failure to complete the improvements within such time period will result in forefeiture of the grant. Grantee also agrees to submit a request for funding of the grant within sixty days after the completion of the work and understands that failure to do so may result in loss of the grant.

5. Grantee understands that the grant will be paid to Grantee only upon completion of the work and submission of all required certifications to MDDA.

6. During the period of construction, Grantee agrees to keep in full force and effect a policy of commercial liablility insurance in an amount of not less than one million ($1,000,000) dollars and to name the City of Mason and MDDA as additional insureds on such policy. Grantee further agrees to indemnify and hold harmless the City of Mason and MDDA from any and all claims arising out of the work performed.
7. Grantee will notify MDDA immediately if Grantee's interest in the subject property changes in any way. This Agreement is not assignable by Grantee without prior written approval of MDDA which will not be unreasonably withheld.

8. In further consideration of the grant, Grantee hereby grants to MDDA an
easement in the façade improved by this grant for a period of ten (10) years, providing that the façade and its finishes will not be materially altered by Grantee without the written approval of the MDDA, which approval will not be unreasonably withheld. A memorandum of this easement may be recorded by the MDDA by affidavit if necessary for purposes of enforcement.

9. Grantee hereby grants to MDDA the right to use pictures, renderings or descriptions of the work for any and all promotional purposes desired by MDDA.

IN WITNESS WHEREOF, the parties have signed this Agreement on the day and year first above written

In the presence of:
Mason Downtown Development
Authority

________________________
______________________________
By:
Its: Director

________________________

Grantee

________________________
______________________________
By:
Its:

________________________