Placement: Consent Agenda
Action Requested: Motion / Vote
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Approve the Florida Department of Economic Opportunity Community Development Block Grant Corona Virus (CDBG-CV) Grant Agreement for the Port St. Lucie Small Business COVID-19 Recovery Grant Program.
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Submitted By: Elijah Wooten, Economic Development Administrator, City Manager's Office.
Strategic Plan Link: The City's Goal of a diverse local economy and employment opportunities.
Summary Brief (Agreements/Contracts only)
1. Prepared by: Florida Department of Economic Opportunity (DEO).
2. Parties: City of Port St. Lucie City Manager's Office and DEO.
3. Purpose: DEO awarded the City of Port St. Lucie $423,707 to provide small business grants.
4. New/Renewal/Modified: New.
5. Duration: CDBG-CV grant funds must be expended by September 30, 2023.
6. Benefits to Port St. Lucie: The CDBG-CV grant funding will provide up to $10,000 for eligible small businesses in low-to-moderate income census tracts that were impacted by the COVID-19 pandemic.
7. Cost to Port St. Lucie (Annual and Potential): The administrative cost to manage the Port St. Lucie Small Business COVID-19 Recovery Grant Program is $33,896. The administrative cost will be reimbursed from the CDBG-CV grant award, so there will be no cost to the City.
Presentation Information: N/A.
Staff Recommendation: Move that the Council approve the Florida Department of Economic Opportunity CDBG-CV grant agreement as recommended for approval by staff.
Alternate Recommendations:
1. Move that the Council amend the recommendation and approve the CDBG-CV grant agreement.
2. Move that the Council not approve the CDBG-CV grant agreement and provide staff direction.
Background: In November 2021, the City of Port St. Lucie submitted the CDBG-CV grant application to the Florida Department of Economic Development Opportunity requesting $423,707 to provide grants to small businesses located in low-to-moderate income census tracts that were impacte...
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