Item Coversheet

BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT

Item No. 13.
For Meeting of: September 15, 2020

ITEM TITLE:Resolution authorizing an agreement with Yakima County Development Association (YCDA) for $1,000,000 of CARES Act funding for a small business grant program to address the consequences of COVID-19
SUBMITTED BY:

Sara Watkins, Senior Assistant City Attorney

Kimberly Domine’, Financial Services Division Manager

SUMMARY EXPLANATION:
This Agreement sets forth the terms and conditions for YCDA to receive and administer a small business grant program with CARES Act money that was allocated to the City. The Agreement provides for a grant program for small businesses, as defined in the agreement to be a sole proprietorship, partnership, limited liability company, or corporation with less than twenty-five employees (either part-time or full-time) located within the City of Yakima, legally in operation for at a minimum of 365 days prior to September 1, 2020, which wasn’t able to operate, or wasn’t (or still isn’t) able to operate at 100% due to the required closures and opening restrictions due to COVID-19.  YCDA has already formulated an application and marketing materials for a similar grant program in Grandview.  All grants under this agreement (and the CARES Act requirements) must be made by October 31, 2020.
ITEM BUDGETED:Yes
STRATEGIC PRIORITY:Economic Development
APPROVED FOR SUBMITTAL BY THE CITY MANAGER
RECOMMENDATION:
Adopt Resolution
ATTACHMENTS:
DescriptionUpload DateType
Resolution9/4/2020Resolution
Agreement9/9/2020Contract