Resolution 7709 - Laserfiche WebLink

EVERETT 7709 WASHINGTON RESOLUTION NO. A RESOLUTION regarding the Everett Forward Grant Program WHEREAS, A. The City is the recipient of$20,695,570 from the Coronavirus Local Fiscal Recovery Fund, as authorized by the American Rescue Plan Act. B. The City has determined to use $1,000,000 of these funds for the Everett Forward Grant Program for one-time grants to businesses and other applicants to move Everett's economy forward out of the pandemic. Eligibility for the grants will be as determined under the applicable laws and regulations that govern Coronavirus Local Fiscal Recovery Fund, but generally grants must be targeted to address an economic harm resulting from or exacerbated by the COVID-19 public health emergency. C. In order to move the funds quickly into Everett's economy, the City Economic Development team has already completed some of the first steps of implementing the Everett Forward Grant Program, such as soliciting grant applications from the community, all as shown on the Program's webpage at httpsI/everettwa.gov/forwardgrant. D. The deadline for grant applications closed on Thursday, September 9, 2021. The City Economic Development team has completed evaluations of many of the applications. E. The purpose of this resolution is to authorize a process for grant award and grant agreement execution. NOW,THEREFORE, BE IT RESOLVED THAT: 1. Allocation. The City Council determines to use $1,000,000 of the City's funds from the Coronavirus Local Fiscal Recovery Fund for the Everett Forward Grant Program. City staff is directed to bring a budget amendment to City Council at an appropriate time consistent with this determination. 2. Awards Up to $50,000. The Mayor is authorized to award grants up to $50,000 from the Everett Forward Grant Program in accordance with the applicable laws and regulations that govern Coronavirus Local Fiscal Recovery Fund. The Mayor is