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CITY OF CENTERVILLE <br />REQUEST FOR ACTION <br />Agenda Item # Department: RequestedMeetingDate: <br />July 15, 2020 <br />EDA <br />VIII.1 <br />TITLE OF ISSUE: <br />Business Assistance Grant Program (CARES Act Funds) <br />BACKGROUND AND SUPPLEMENTAL INFORMATION: <br />Centerville is slated to receive $304,000 from the Federal CARES Act, which goes to reimburse cities for <br />expenditures related to response to the COVID-19 pandemic. It is not yet clear what the city's total eligible <br />expenses will be. However, one eligible expense appears to be business relief programs administered by the <br />city. If there are funds remaining, after city expenses are reimbursed, a program could be considered. <br />At this point, our discussion on this item will focus on a few questions: <br />- Do we set a minimum grant amount and have a lottery system to qualify (like MN DEED)? <br />- Do we simply divide our available funds by the number of applicants and distribute evenly? <br />- Do we base grant on size of business? Demonstrated loss of revenue? <br />- What are eligibility requirements? We will need to follow federal guidlines, but could add extra guidelines. <br />COST AND SOURCE(S) OF FUNDING: <br />TBD <br />REQUESTED ACTION: <br />Discussion item only. <br />SUPPORTED DOCUMENTS ATTACHED <br />Motion By: ____________________________________ <br /> Resolution Ordinance Contract Minutes Plan Map <br />Second By: ____________________________________ <br />Vote Record: AyeNay <br />____ <br />Other (specify) ____________ <br />_____ <br />_______________________________________________________________ <br />_____ <br />_____ <br />_______________________________________________________________ <br />_____ <br />Refer to: _________________________________ <br /> Tabled Until: ______________________________ <br />Consent <br /> Other: ___________________________________ <br /> Regular <br />