Title
Resolution Approving Civil Uprising Funding Allocations, Citywide
Body
WHEREAS, the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota (the “HRA”) is a public body corporate and politic established pursuant to the provisions of Minnesota Statutes, Section 469.001, et seq.; and
WHEREAS, in the aftermath of the murder of George Floyd in May of 2020, numerous businesses and properties across the City of Saint Paul were impacted during the resulting civil uprising; and
WHEREAS, At the December 9, 2020 Meeting of the HRA, a budget for fiscal year 2021 in the amount of $1,000,000 was established for 2020 civil uprising business assistance through the passage of resolution RES 20-1681 (the “Civil Uprising Budget”); and
WHEREAS, The State of Minnesota approved the Main Street Economic Revitalization Program in the 2021 legislative session and signed by Governor Tim Walz on June 29, 2021; and
WHEREAS, The Main Street Economic Revitalization Program will make grants to nonprofit partner organizations to fund matching grants and guaranteed loans to eligible recipients for eligible projects that are?designed to address the greatest economic development and redevelopment needs that have?arisen in communities across Minnesota since March 15, 2020, including impacts of civil unrest and the COVID-19 outbreak; and
WHEREAS, On October 14, 2021 The Saint Paul and Minnesota Foundation was awarded $8,960,000 from the Main Street Economic Revitalization Program to provide grants to business in the Snelling-University-Rice Cultural district, East Side and West Seventh commercial corridors of Saint Paul to support economic recovery from the impacts of civil uprising and the COVID-19 public health emergency; and
WHEREAS, Capital projects funded through the Saint Paul and Minnesota Foundation Main Street Economic Revitalization Program will require matching funds that do not come from the state or federal governments; and
WHEREAS, The identified S...
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