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ARDEN HILLS CITY COUNCIL — SEPTEMBER 14, 2020 8 Councilmember Scott agreed. Mayor Grant reported he could support the tax levy being set at 4.25%. Councilmember Holden asked what amount would be certified if the tax levy were set at 4.25%. Finance Director Bauman reported this amount would be $4,311,090. MOTION: Councilmember Holden moved and Mayor Grant seconded a motion to adopt Resolution #2020-038 — Setting the Preliminary Lew for Taxes Payable in 2021 in the amount of $4,311,090. A roll call vote was taken. The motion carried 4-1 (Councilmember McCluniz opposed). MOTION: Councilmember Holden moved and Councilmember Holmes seconded a motion to adopt Resolution #2020-039 — Setting the Preliminary Levy for Taxes Payable in 2021 for the Karth Lake Special Taxing District in the amount of $6,611.11. A roll call vote was taken. The motion carried (5-0). MOTION: Councilmember Holden moved and Councilmember Holmes seconded a motion to adopt Resolution 92020-040 — Adopting Truth In Taxation Public Hearing Date for Proposed Taxes Payable in 2021 as December 14, 2020. A roll call vote was taken. The motion carried (5-0). C. Resolution 2020-042 Extending the Application Submittal Period for Small Business Emergency Assistance Grant Program Community Development Manager/City Planner Mrosla stated at its August 24, 2020 meeting, the City Council adopted resolution 2020-035 establishing a Small Business Emergency Assistance Grant Program in response to the COVID-19 pandemic. At the direction of the City Council, the City of Arden Hills made available $150,000 of CARES Act Funds to support the Grant Program. The intent of the grant program is to provide financial assistance to local businesses to help them continue their operations, preserve employment, and prevent business closures in an effort to encourage long-term economic vitality in Arden Hills. The program provides locally -owned and operated businesses with an emergency grant of up to $5,000. The established grant amount allows for up to 30 Arden Hills business to apply and receive funding. To be eligible to receive a grant, a business must demonstrate loss due to COVID-19 and meet the eligibility requirements and program parameters. Community Development Manager/City Planner Mrosla reported the application window opened on Monday, August 31 and runs through Tuesday, September 15, 2020. To date, City staff has received 18 applications for funding. Should Council want to extend the application window via resolution to allow for additional time for businesses to apply for the grant a Resolution has been provided for consideration. If approved, staff would promote the extension through emails, the website, and social media.