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RESOLUTION 9340 CITY OF MOUNDS VIEW MINNESOTA COUNTY OF RAMSEY STATE OF MINNESOTA AUTHORIZING THE CREATION OF A CARES ACT NONPROFIT RELIEF GRANT PROGRAM WHEREAS, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, passed on March 27th, provides over $2 trillion in federal economic relief to protect the American people from the public health and economic impacts of COVID-19; the CARES Act provides assistance for American workers, families, and small businesses, and preserves jobs for American industries; and WHEREAS, Section 5001 of the CARES Act established the $150 billion Coronavirus Relief Fund (CRF), providing payments to state, local, and tribal governments navigating the impact of the COVID-19 outbreak; and WHEREAS, on June 26, 2020, the Minnesota Legislative Advisory Commission approved Governor Walz's request to formally allocate state received CARES Act funds to counties, cities, and townships in the State of Minnesota (State); and WHEREAS, the CARES Act sets criteria that expenses must meet to be eligible for CRF funding reimbursement, and the Federal Treasury's Coronavirus Relief Fund Guidance (Treasury Guidance) and Section 601(3) of the Social Security Act further outline allowable uses of CARES Act funds; and WHEREAS, the Treasury Guidance permits local governments to transfer CARES Act funds to non-profit entities for further distribution, so long as such distribution qualifies as an eligible expense; and WHEREAS, pursuant to the CARES Act and Treasury Guidance, the City Council has considered how to use its CARES Act funds in a manner that complies with CRF requirements; and WHEREAS, the City has determined that it is in the best interests of the City, and in compliance with the CARES Act, Treasury Guidance, and guidance promulgated by the State, to allocate a portion of the City's CARES Act funds to certain non-profit entities for eligible purposes.