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File #: 20-216    Version: 1 Name:
Type: Resolution Status: Passed
File created: 4/10/2020 Departments: COUNTY MANAGER
On agenda: 4/21/2020 Final action: 4/21/2020
Title: Measure K: Adopt a resolution authorizing an agreement with SMCU Community Fund for the administration and distribution of $1,000,000 in Measure K funds to benefit San Mateo County small businesses adversely impacted by COVID-19.
Attachments: 1. 20200421_att_Attachments 1-3 to Memo.pdf, 2. 20200421_r_SMCU Small Businesses, 3. 20200421_a_SM Credit Union Agmnt, 4. Item No. 5 - Public Written Comment.pdf, 5. Item No. 5 - SMC Strong - Small Business PowerPoint Slides.pdf
Special Notice / Hearing: None__
Vote Required: Majority

To: Honorable Board of Supervisors
From: Michael P. Callagy, County Manager
Subject: Agreement with SMCU Community Fund to Administer and Distribute $1,000,000 to Benefit San Mateo County Small Businesses Adversely Impacted by COVID-19

RECOMMENDATION:
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Measure K: Adopt a resolution authorizing an agreement with SMCU Community Fund for the administration and distribution of $1,000,000 in Measure K funds to benefit San Mateo County small businesses adversely impacted by COVID-19.

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BACKGROUND:
On March 24, 2020, the Board of Supervisors approved a $3 million allocation of Measure K funds to seed the "San Mateo County Strong Fund," a COVID-19 recovery fund. At that meeting, the Board approved distributing these Measure K funds as follows:

? $1,000,000 to individuals and families in San Mateo County needing assistance with basic needs due to COVID 19;
? $1,000,000 for operating support to non-profit organizations that provide services and support to the most vulnerable San Mateo County residents; and
? $1,000,000 for San Mateo County small businesses affected by COVID-19.

In addition to approving the allocation, the Board directed staff to prepare a distribution plan and appointed Supervisors Carole Groom and David Canepa to an ad hoc SMC Strong Advisory Committee.

On March 31, 2020, the Board of Supervisors approved an agreement with the Silicon Valley Community Foundation ("SVCF"), as well as an initial partial distribution of $2 million in Measure K funds to SVCF, $1 million of which will be distributed in the form of emergency assistance grants to residents most in need through the County's Core Services Agencies and the other $1 million of which will be distributed to the Core Services Agencies and homeless shelters to provide capacity support.

On April 14, 2020, staff presented to the Board a plan for a small business assistance grant program, using the rema...

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