Title
Authorizing the Office of Financial Empowerment to apply for $38,250 in grant funding from the Saint Paul & Minnesota Foundation for guaranteed income payments.
Body
WHEREAS, the City transferred $4,000,000 of American Rescue Plan funds to a specific account for the Guaranteed Income Program (RES 22-1023) that provides $500 monthly guaranteed income payments to 333 randomly selected Saint Paul residents for 24 months; 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 CollegeBound Boost (“Boost”); and
WHEREAS, the Saint Paul & Minnesota Foundation desires to grant the Grant Funds raised through the private donation campaign to the City of Saint Paul for the purposes of supporting Boost; 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 $38,250 grant from the Saint Paul & Minnesota Foundation to support direct guaranteed income payments.