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Authorizing the Office of Financial Empowerment and Emergency Management Department to apply for the Cities for Financial Empowerment Grant in the amount of $150,000 to support municipalities in building and expanding emergency preparedness and recovery infrastructure with a focus on financial empowerment.
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WHEREAS, the City of Saint Paul recognizes the importance of integrating financial empowerment strategies into local government infrastructure to enhance residents’ financial stability and resilience during emergencies and disasters; and
WHEREAS, the Cities for Financial Empowerment (CFE) Fund has made available a grant opportunity to support municipalities in building and expanding emergency preparedness and recovery infrastructure with a focus on financial empowerment; and
WHEREAS, the Office of Financial Empowerment and Emergency Management Department is requesting to apply for the CFE Grant to collaborate between local government emergency management offices and local networks of financial empowerment agencies, community-based organizations, and other partners to support residents in prioritizing financial concerns and mitigating financial disruptions during local, regional, or national disasters; and
WHEREAS, the total amount of the grant is $150,000 which $75,000 would be funding for the planning phase and, upon successful completion, up to an additional $75,000 for the implementation phase to support the roll-out of financial empowerment resources as part of the local government emergency response procedures; and
RESOLVED, the City Council authorizes the Office of Financial Empowerment and Emergency Management Department to apply for the Cities for Financial Empowerment grant.