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i EN HILLS CITY OF ARDEN HILLS COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION NO.2020-035 RESOLUTION ESTABLISHING A SMALL BUSINESS EMERGENCY ASSISTANCE GRANT PROGRAM IN RESPONSE TO COVID-19 PANDEMIC WHEREAS, the federal and state governments have provided federal financial assistance through the Federal Coronavirus Aid, Relief, and Economic Security (CARES)Act to Minnesota cities impacted by the COVID-19 pandemic, The funds are now available and the City is required to expend all of its funds by November 15,2020,and; WHEREAS, one of the eligible costs for use of the federal funding is to provide financial assistance to local businesses that have been financially impacted by the pandemic, and; WHEREAS, the City Council at its August 10 work session discussed and evaluated its options for providing financial assistance to its local businesses in accordance with CARES Act funding and guidelines, NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Arden Hills, Minnesota,that: 1. A Small Business Emergency Assistance Grant Program is hereby established and $150,000.00 of CARES Act Funds is hereby made available to provide grants to local businesses to assist them to continue operations, preserve employment, prevent closure, replace or offset lost revenues,reimburse for additional expenses,and assist in the recovery from the pandemic. 2. Upon application and proof of loss due to COVID-19 pandemic and eligibility criteria,the Grant Program will provide locally owned and operated businesses with an emergency grant up to $5000 per individual business, in order of application. 3. City staff and consultants are hereby authorized and directed to establish and prepare grant program rules and forms consistent with this Resolution and CARES Act requirements to implement the Grant Program. I I I