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Funding Source: <br />An additional $115,000 from City of Ramsey Cares Act allocation. (includes $5,000 for <br />underwriting/administration). Total Cares Act allocation for this program would be $330,000 <br />Recommendation: <br />Consistent with previous EDA discussion, Staff recommends an additional $115,000 allocation in CARES Act <br />Funds to ensure that all eligible applicants in the City of Ramsey Small Business Relief Grant Program can be <br />funded. Any funds that are not use will be re -allocated to eligible City Covid-19 related expenses. Motion to Adopt <br />Resolution #20-220 Modifying CARES Act Small Business Grant Program to Allow for Additional Grant Awards <br />as presented. <br />Action: <br />Motion to adopt Resolution #20-220 modifying CARES Act Small Business Grant Program to allow for additional <br />Grant Awards. ($115,000). <br />ACTION - Resolution #20-220 <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Sean Sullivan (Originator) Sean Sullivan 09/16/2020 03:35 PM <br />Tim Gladhill Tim Gladhill 09/17/2020 10:08 AM <br />Diana Lund Diana Lund 09/17/2020 11:54 AM <br />Kurt Ulrich Kurt Ulrich 09/17/2020 03:50 PM <br />Form Started By: Sean Sullivan Started On: 09/16/2020 01:32 PM <br />Final Approval Date: 09/17/2020 <br />