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ARDEN HILLS CITY COUNCIL—AUGUST 24, 2020 6 Community Development Manager/City Planner Mrosla explained interested business would be asked to complete and submit an application. As part of the application, applicants would also be encouraged to provide proof of application submittal, acceptance, approval and/or denial of state and federal emergency financing programs. Upon a successful grant application being awarded funds, the applicant would be required to sign an acknowledgment agreement under which the applicant agrees to spend the awarded funds on eligible uses. As a condition for receiving grant funding, all grant recipients would be required to submit a brief report documenting how the grant funds were utilized by November 30, 2020. Community Development Manager/City Planner Mrosla stated funds for grants will be distributed on a first-come, first-considered/awarded basis. Applications will be accepted until September 15, 2020 or when all general grant funds are fully committed. Each general grant application will be considered independently in the order received until funding is expended. Once all available funding has been expended, any remaining eligible applications not receiving funding will be held and considered if future funding rounds become available. Staff will report back to the City Council to discuss the feasibility of additional funding opportunities. If approved, staff will finalize the implementation of the new program such as begin promoting the program through emails, the website, and social media. Councilmember Holmes asked if the application form would be similar to the County's form. Community Development Manager/City Planner Mrosla reported the application would be similar. Councilmember Holmes questioned how the City would get the word out regarding this grant program. Community Development Manager/City Planner Mrosla discussed how the City would advertise this program to the local business community. He reported the business registration list would be utilized noting emails would be sent. Councilmember Holden explained the North Chamber has done a great job advertising the grant opportunities that were available through Ramsey County. She suggested the North Chamber be contacted to promote the City's program. Mayor Grant supported this recommendation. He suggested the City send a letter and email the local businesses regarding this grant program. Discussion ensued regarding the number of businesses that could be helped through the proposed small business grant program. Mayor Grant asked if funds from these grants could be used for revenue loss. City Administrator Perrault reported these funds could be used to cover expenditures but not revenue losses. Staff provided further comment on the types of expenditures that could be covered by the City's grant funds.