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CITY COUNCIL AGENDA COMMUNICATION |
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| | | | | | | | | AGENDA DATE: | October 12, 2021 |
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| | | | | | | | | SUBJECT: | Adopt a Resolution and Authorize the City Manager to Accept, Reject, Alter or Terminate a Grant Through the Small Business Administration's Shuttered Venue Operators Grant Program for Payroll and Utility Assistance during the COVID 19 Pandemic. |
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| | | | | | | | | STAFF RESOURCE: | Kate Meacham, Director of Parks and Recreation |
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| | | | | | | | | ACTION PROPOSED: | Adopt a Resolution and Authorize the City Manager to Accept, Reject, Alter or Terminate a Grant Through the Small Business Administration's Shuttered Venue Operators Grant Program for Payroll and Utility Assistance during the COVID 19 Pandemic. |
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| | | | | | | | BACKGROUND
The Shuttered Venue Operators Grant (SVOG) program was established in Section 324 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (Economic Aid Act) signed into law on Dec. 27, 2020, as part of H.R. 133 Consolidated Appropriations Act, 2021 (Public Law No: 116- 260). Section 324 of the Economic Aid Act was amended by Section 5005 of the American Rescue Plan Act (Public Law No.: 117-2) signed into law on March 11, 2021.
The SVOG awarded 50% of the amount of actual revenue the Allen Event Center received for Concerts and Shows in 2019 versus 2020. The awarded funds are able to be spent until September 6, 2022 for expenses incurred for payroll and utilities. The City will be required to have an audit of these funds and must be accounted for separately from the operating budget.
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| | | | | | | | BUDGETARY IMPACT
The SVOG grant in the amount of $1,787,197.41 has been awarded as a result of lost revenue during the COVID 19 pandemic. Awarded funds are to be applied to payroll and utility expenses. No matching funds are required.
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| | | | | | | | STAFF RECOMMENDATION
Staff recommends the the City Council Adopt a Resolution and Authorize the City Manager to Accept, Reject, Alter or Terminate a Grant Through the Small Business Administration's Shuttered Venue Operators Grant Program for Payroll and Utility Assistance during the COVID 19 Pandemic.
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| | | | | | | | MOTION
I make a motion to adopt Resolution No. _________________ authorizing the City Manager to Accept, Reject, Alter or Terminate a Grant Through the Small Business Administration's Shuttered Venue Operators Grant Program for Payroll and Utility Assistance during the COVID 19 Pandemic.
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