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<br />Councilmember Riley introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #20-194 <br /> <br />RESOLUTION APPROVING UNDERWRITING SERVICE AGREEMENT FOR SMALL <br />BUSINESS GRANT PROGRAM <br /> <br />WHEREAS <br /> , the Covid-19 pandemic has negatively impacted many City of Ramsey <br />Business; and <br /> <br />WHEREAS <br />, the City received an allocation of over Two Million in Cares Act Dollars to <br />provide assistance at the local level for businesses, residents and government expenses related to <br />Covid-19; and <br /> <br /> WHEREAS <br />, the City of Ramsey has adopted Phase 2 of the Covid – 19 Business <br />Assistance Program attached hereto which authorized $215,000 in Cares Act Funding for small <br />business grants and administration of the program; and <br /> <br />WHEREAS <br />, City Staff has received a Underwriting Service Agreement proposal from <br />Central Minnesota Development Company (CMDC) to verify Covid-19 impacts for applicants to <br />the program and to assure they are in good standing with the State of Minnesota. <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br /> <br />1) That the City Council hereby authorizes execution of the attached approves the attached <br />Underwriting Service Agreement with Central Minnesota Development Company <br />(CMDC); subject to City Attorney approval. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />Kuzma, and upon vote being taken thereon, the following voted in favor thereof: <br /> <br /> Mayor LeTourneau <br /> Councilmember Riley <br /> Councilmember Kuzma <br /> Councilmember Menth <br /> Councilmember Musgrove <br /> Councilmember Specht <br /> <br />and the following voted against the same: <br /> <br /> None <br /> <br />and the following abstained: <br /> <br /> None <br /> <br /> <br />