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Notification: <br />The city received the $2,038,029 in CARES Act Funding on July 2, 2020. <br />Observations/Alternatives: <br />Alternative #1: Accept the CARES Act Funds in the amount of $2,038,029 and the respective uses of Economic <br />Recovery (Business Relief Grant Program) and Local Government Expenditures. <br />Alternative#2: Do not Accept the CARES Act Funds int he amount of $2,038,029. <br />Funding Source: <br />CARES Act Funds will be used as detailed in the respective resolutions. Category amounts are subject to change <br />and will be amended when actual expenditures are known. (Prior to November 15, 2020). <br />Recommendation: <br />Staff recommends acceptance of the CARES Act Funds and the allocation of said funds. <br />Action: <br />Motion to Adopt Resolution #20-157 Accepting Coronavirus Relief Funds from State of Minnesota and Certifying <br />That it Will Honor All Commitments and Maintain Required Information and Documentation. <br />and <br />Adopt Resolution #20-158 Allocating Coronavirus Aid, Relief, and Economic Security Act Funds (Known as <br />CARES Act Funds) to Economic Recovery Activities <br />and <br />Adopt Resolution #20-159 Allocating Coronavirus Aid, Relief, and Economic Security Act Funds (Known as <br />CARES Act Funds) <br />to Local Government Activities. <br />Attachments <br />Reso #20-157: Accept CARES Act Funds <br />Reso #20-158: CARES Fund Allocation to Eoncomic Recovery (Business Assistance) <br />Reso #20-159: CARES Act Fund Allocation to Local Government Activities <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Kurt Ulrich 07/23/2020 02:17 PM <br />Form Started By: Diana Lund Started On: 07/22/2020 01:41 PM <br />Final Approval Date: 07/23/2020 <br />