Title
Authorizing the City to accept a $308,000 grant from the Saint Paul & Minnesota Foundation for the People’s Prosperity Pilot, and amending the 2021 budget for the Office of Financial Empowerment.
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, and
WHEREAS, the City applied for $308,000 from the Saint Paul & Minnesota Foundation for the Pilot to meet project goals as outlined in RES 21-1051, and
WHEREAS, the City was awarded a $308,000 grant from the Saint Paul & Minnesota Foundation to carry out the activities of the Pilot; and
WHEREAS, the Mayor, pursuant to Section 10.07.1 of the City Charter and by receipt of the Grant, certifies that there is available for appropriation funds of $308,000 in excess of those dedicated to the Office of Financial Empowerment in 2021; now, therefore, be it
RESOLVED, that the City Council of Saint Paul does hereby:
1. Authorize the Office of Financial Empowerment to accept the Grant from the Saint Paul & Minnesota Foundation in the amount of $308,000 for the Pilot.
2. Adopt, upon recommendation of the Mayor, that $308,000 is available for appropriation to the Office of Financial Empowerment, as specified in the attached financial analysis form.
Financial Analysis
See Attachment.