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AGENDA ITEM – 1C <br /> <br />MEMORANDUM <br /> <br />DATE: July 27, 2020 <br /> <br />TO: Honorable Mayor and City Councilmembers <br /> <br />FROM: Gayle Bauman, Finance Director <br /> <br />SUBJECT: CARES Act Update <br /> <br /> Budgeted Amount: Actual Amount: Funding Source: <br /> N/A N/A N/A <br /> <br />For Council Consideration <br /> <br />Council may provide further direction regarding potential uses of CARES Act resources. <br /> <br />Background <br /> <br />The City is eligible for CARES Act funding. Staff will provide Council with a brief update and <br />seek further direction. The guidance on what is eligible under the CARES Act is constantly <br />evolving and will require further guidance from the League of Minnesota Cities and Metro <br />Cities, as well as further research by staff. <br /> <br />Budget Impact <br /> <br />N/A <br /> <br />Attachment <br /> <br />N/A <br />