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a� 0 <br />-y <br />1 <br />City of Mounds View Staff Report <br />Item No. 8.G. <br />Meeting Date: November 9, 2020 <br />Type of Business: Council Business <br />City Administrator Review: <br />To: Honorable Mayor and City Council <br />From: Mark Beer, Finance Director <br />Item Title/Subject: Resolution 9340 Authorizing the Mounds View Nonprofit <br />Relief Grant Program <br />The City Council has indicated a desire to assist those nonprofits that have been economically <br />impacted by the COVID-19 pandemic. The CARES Act provides the opportunity to assist local <br />nonprofits with a grant program. We have a time constraint in that to comply with the Governor's <br />CARES Act requirements funds need to be disbursed by November 15t". Staff has pre -notified <br />as many nonprofits as we are aware of that quick action on their part is needed to turn their <br />applications around and return to the City by 10am on November 12t" in order to process the <br />payments by the deadline. <br />Attached for your discussion is a sample program that will need a decision on the maximum <br />amount for the grant program, the maximum grant amount and any other conditions the Council <br />may have. The City Council has previously provided approximately $18,000 in business <br />assistance as a reference. Staff will evaluate each application and verify eligibility. Staff is looking <br />for direction on how the City Council would like to proceed. <br />Strategic Plan Strategy/Goal: <br />Operate under a balanced budget that meets the needs and goals of the community. <br />Financial Impact: <br />Undetermined pending City Council direction. <br />Respectfully Submitted, <br />Mark Beer, Finance Director <br />