HomeMy WebLinkAboutResolutions - No. 2021-148RESOLUTION NO. 2021-148
A RESOLUTION OF THE LODI CITY COUNCIL APPROVING THE COMMUNITY
DEVELOPMENT DEPARTMENT UPDATED SMALL BUSINESS ASSISTANCE
PROGRAM PLAN SUPPORTED BY AMERICAN RESCUE PLAN ACT FUNDS
WHEREAS, the City has been awarded $796,408 from the Coronavirus Aid, Relief, and
Economic Security (CARES) Act Community Development Block Grant ("CDBG-CV") funding
from the US Housing and Urban Development (HUD); and
WHEREAS, the City developed the Small Business Assistance Program (SBA), a
competitive grant process; and
WHEREAS, the City was only able to award 24 of the completed 61 SBA applications
due to funding limitations; and
WHEREAS, the federal American Rescue Plan Act of 2021 was signed into law on
March 11, 2021; and
WHEREAS, on May 5, 2021, City Council allocated $500,000 to the Small Business
Assistance Program supported by American Rescue Plan Act funds; and
WHEREAS, staff developed a plan to make whole the six underfunded applications
($14,664), and award 22 additional SBA applications based on scoring rank be funded at their
requested amount ($202,520). As community-based organizations (CBOs) provide a significant
benefit to the community, staff request applications be re -opened for CBOs for new awards
($222,816), and the remaining funding would go towards the administration of the program
($60,000); and
WHEREAS, staff recommends the City Council approve the Community Development
Department updated Small Business Assistance Program plan supported by American Rescue
Plan Act funds.
NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council does hereby approve
the Community Development Department updated Small Business Assistance Program plan
supported by American Rescue Plan Act Funds.
Dated: May 19, 2021
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I hereby certify that Resolution No. 2021-148 was passed and adopted by the City
Council of the City of Lodi in a regular meeting held May 19, 2021, by the following vote:
AYES: COUNCIL MEMBERS — Chandler, Hothi, Khan, Kuehne, and
Mayor Nakanishi
NOES: COUNCIL MEMBERS — None
ABSENT: COUNCIL MEMBERS — None
ABSTAIN: COUNCIL MEMBERS — None
JENNIF CUSMIR
City Cler
2021-148