Special Notice / Hearing: None__
Vote Required: Majority
To: Honorable Board of Supervisors
From: Peggy Jensen, Deputy County Manager
Subject: Reallocation of Undistributed CARES Act Funds Originally Allocated to Small Property Owner Assistance Program
RECOMMENDATION:
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Adopt a resolution:
A) Authorizing the County Manager, or designee, to reallocate up to $1,800,000 in undistributed Coronavirus Aid, Relief, and Economic Security ("CARES") Act funds from the Small Property Owner Assistance Program to the Child Care Relief Fund; grants for non-profit organizations dedicated to the arts; and the Small Business Assistance Program - Targeted Zip Codes; and
B) Authorizing the County Manager, or designee, to enter into and execute agreements and/or amendments to existing agreements with the San Mateo County Credit Union Community Fund ("Community Fund") and Community Equity Collaborative ("Collaborative") to administer and distribute up to $1,800,000 in reallocated CARES Act funds from the Small Property Owner Assistance Program, with additional administrative fees paid to the Community Fund in an amount not to exceed $20,000 and paid to the Collaborative in an amount not to exceed $2,500.
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BACKGROUND:
On September 15, 2020, the Board allocated $2,000,000 in CARES Act funds to the Small Property Owner Assistance Program. Due to low participation in the Program, however, staff currently projects that between $1,500,000 and $1,800,000 of the original $2,000,000 in allocated funds will remain undistributed.
Anticipating this possibility, the Board, at its meeting on November 17, 2020, directed the County Manager to develop a plan for the reallocation of any undistributed CARES Act funds from the Small Property Owner Assistance Program to other CARES Act-funded grant programs previously authorized by the Board.
DISCUSSION:
In developing the requested plan for reallocation of CARES Act funds allocated to the Small Property ...
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