Title
Authorizing the City to apply for $308,000 in grant funding from the Saint Paul & Minnesota Foundation for the People’s Prosperity Pilot.
Body
WHEREAS, Mayor Melvin Carter III directed the Office of Financial Empowerment (OFE) to develop and implement a program that provides payments in an amount not to exceed $500 in monthly guaranteed income to as many as 150 randomly selected Saint Paul residents through Emergency Executive Order 2020-26; and
WHEREAS, Mayor Melvin Carter III launched a private donation campaign in partnership with the Saint Paul & Minnesota Foundation to support families in the program, now known as the People’s Prosperity Guaranteed Income Pilot (“the Pilot”); and
WHEREAS, as established through Chapter 223 of the Legislative Code relating to Guaranteed Income Program (Title XXIII), the program serves to protect and stimulate the local economy by providing guaranteed monthly income to randomly selected, low-income residents experiencing adverse financial consequences as a result of COVID-19; and
WHEREAS, the City previously accepted a generous grant from the Saint Paul & Minnesota Foundation (RES PH 21-1) to support program operations for the Pilot and seeks $308,000 in additional grant funding for the Pilot; now, therefore, be it
RESOLVED, that the City Council of Saint Paul does hereby authorize the appropriate City officials in the Office of Financial Empowerment to apply for a $308,000 grant from the Saint Paul & Minnesota Foundation to support program operations for the Pilot.
Financial Analysis
None