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This Performance Grant Agreement outlines the terms under which the Tomball Economic Development Corporation (TEDC) provides a Performance Grant to The Hutson Group for the construction of pedestrian and parking improvements in Old Town Tomball. The agreement details the obligations of both parties, including the project scope, grant distribution schedule, reporting requirements, and terms of termination.
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What is performance grant agreement?
A performance grant agreement is a legal contract that outlines the terms and conditions under which funds are provided to an organization or individual to achieve specific performance-related goals.
Who is required to file performance grant agreement?
Organizations or individuals receiving performance grants, typically from government entities or funding organizations, are required to file performance grant agreements.
How to fill out performance grant agreement?
To fill out a performance grant agreement, applicants must provide accurate information about their organization, the project they are seeking funding for, the expected outcomes, and budget details, all in accordance with the guidelines provided by the funding agency.
What is the purpose of performance grant agreement?
The purpose of a performance grant agreement is to set clear expectations for both the grantor and the grantee regarding the funding, performance objectives, reporting requirements, and accountability.
What information must be reported on performance grant agreement?
The performance grant agreement typically requires the grantee to report on project goals, progress towards outcomes, financial expenditures, and any challenges faced during the project implementation.
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