Title
Resolution accepting a grant of $747,980 from the Saint Paul & Minnesota Foundation; authorizing the execution of grant agreements; and amending the 2020 Housing and Redevelopment Authority budget, Citywide.
Body
WHEREAS, on April 1, 2020 the Housing and Redevelopment Authority (the “HRA”) Board of Commissioners approved RES 20-597, authorizing the guidelines for the Saint Paul Bridge Fund for Families and Small Businesses (the “Bridge Fund”) and allocating $3.3 million of HRA resources to fund the Bridge Fund to provide emergency relief to small businesses and families in response to the economic impacts of the COVID-19 pandemic; Citywide; and
WHEREAS, Mayor Melvin Carter III has launched a private donation campaign in partnership with the Saint Paul & Minnesota Foundation to support families and small businesses most vulnerable to the economic impacts of COVID-19; and
WHEREAS, generous private donations from philanthropy, corporations, and individuals have contributed or committed as of April 15, 2020 $747,980 to the Saint Paul & Minnesota Foundation to benefit Saint Paul families and small businesses through the Saint Paul Bridge Fund; and
WHEREAS, the Saint Paul & Minnesota Foundation desires to grant the private donation funds raised through its private donation campaign to the HRA’s Bridge Fund (“the Grant Funds”); and
WHEREAS, it is necessary that the HRA and the Saint Paul & Minnesota Foundation enter into a Grant Agreement whereby the donated funds to the Saint Paul & Minnesota Foundation will be gifted to, and received by, the HRA ; and
WHEREAS, by this Resolution, the HRA Board of Commissioners accepts and receives the private donations received by the Saint Paul & Minnesota Foundation, amends the 2020 HRA Budget, and authorizes execution of the Grant Agreement with the Saint Paul & Minnesota Foundation
NOW, THEREFORE BE IT RESOLVED, by the HRA Board of Commissioners, as follows:
1. The HRA Board of Commissioners hereby accep...
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