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HomeMy WebLinkAboutResolutions - 2020.11.19 - 33896MISCELLANEOUS RESOLUTION #20677 November 19, 2020 BY: Commissioner David T. Woodward, Chairperson, Pandemic Response and Economic Recovery Committee IN RE: ECONOMIC DEVELOPMENT AND COMMUNITY AFFAIRS — UNITED STATES ECONOMIC DEVELOPMENT ADMINISTRATION (U.S. EDA) CARES ACT RECOVERY ASSISTANCE ACCEPTANCE To the Oakland County Board of Commissioners Chairperson, Ladies and Gentlemen: WHEREAS the Economic Development and Community Affairs (EDCA) department, in collaboration with the Great Lakes Women's Business Council and its CEED Lending program, has applied to and been awarded United States Economic Development Administration (EDA) CARES Act Recovery Assistance Grant funding in the amount of $3,000,000 to capitalize an Oakland County Revolving Loan Fund (RLF) that will provide loans to businesses and be open to all eligible applicants, with an initial focus on those impacted by and recovering from the COVID-19 pandemic; and WHEREAS the funding is for a period of 36 months from the date of award; and WHEREAS the RLF will be used to provide gap financing to small businesses, which cannot access funding from traditional sources such as banks and credit unions; and WHEREAS the RLF will also be used to support businesses in economically distressed areas, provide access to capital for minorities, women, and others who are underrepresented in mainstream financing, and support businesses that lack sufficient collateral and owners' equity to qualify for mainstream financing; and WHEREAS Oakland County will provide an unencumbered, committed $1,000,000 match from unassigned fund balance to awarded RLF capital, in addition to $300,000 for oversight and administrative costs of CEED Lending related to this RLF from assigned fund balance; and WHEREAS of the $300,000 for the oversight and administrative costs it is estimated that $23,952 will be used for office space, furniture, and internet services; and WHEREAS Oakland County will enter into an agreement with Great Lakes Women's Business Council and its CEED Lending program pertaining to this grant; and WHEREAS acceptance of the grant does not obligate the County to any future commitments over and above those outlined herein; and WHEREAS the grant agreement has completed the Grant Review Process in accordance with the Board of Commissioners Grant Acceptance Procedures. NOW THEREFORE BE IT RESOLVED that the Oakland County Board of Commissioners accepts the CARES Act Recovery Assistance Grant from the U S. EDA in the amount of $3,000,000 for a period of 36 months from the date of award BE IT FURTHER RESOLVED to appropriate $1,300,000 from unassigned fund balance of which $1,000,000 will go toward the award of RLF capital and $300,000 for oversight and administrative costs for CEED lending relating to the RLF. BE IT FURTHER RESOLVED that the Board Chairperson is authorized to execute the grant agreement and to approve grant changes and extensions which are consistent with the original agreement. BE IT FURTHER RESOLVED that the Board Chairperson is authorized to execute the agreements with the Great Lakes Women's Business Council and its CEED Lending program and to approve grant changes and extensions which are consistent with the original agreement. BE IT FURTHER RESOLVED that the FY 2021 —2023 budget is amended as follows: ECONOMIC ADJUSTMENT ASSISTANCE FUND (#29302) GR0000001027 Bud Ref: 2021 Analysis GLB Activity GLB Revenue 1090304-133095-610313 1090304-133095-695500 Expenditures 1090304-133095-730373 1090304-133095-750399 1090304-133095-772618 FY 2021 Federal Operating Grants $ 3,000,000 Transfers In 1.300.000 Total Revenue $ 4,300,000 Contracted Services $ 4,276,048 Office Supplies $ 18,000 Equipment Rental $ 5,952 Total Expenditures S 4300000 GENERAL FUND 410100) FY 2021 Revenue 9010101-196030-665882 Planned Use of Balances $ 1.300.000 Total Revenue Q 1 3no non Expenditures 1090304-133095-788001 Transfers Out $ 1.300.000 Total Expenditures $__1.300 000 Chairperson, on behalf of the Pandemic Response adoption of the foregoing resolution and Eco is Recovery COTTittee, I Mqve the Commissioner David T, Woodward, District #19 Chairperson, Pandemic Response and Economic Recovery Committee PANDEMIC RESPONSE AND ECONOMIC RECOVERY COMMITTEE VOTE: Motion carried on a roll call vote with Miller absent. res $2A5 259 gg5 �tat� G �NeEs p,ct trat eX��� �5 ®VA l2t'®I2® �a U otal Expendib irPc $253820197 CRLGG - Revenue Share Replacement D&M. MOTTte oKeT M 0 Resolutions a•• •'• . •' $219,438,714, I III Jill ® Local Units of Government & County Government ® Business Community • on -Profit Community Public School Community indlvidual Support °»*2? /2) i2 \}« » 2 ¥id 5 Lead UeVVL, r S Responsible for County EXecu��ve meat Econom►c Develop Health rtment Depa Board of Commissioners ivis►on ° Clerk —Elections D ° County Collaborating C 7 oversight with g®C through Grant pvers'Pub Recove►y nt Oversight \jetern operations Oversight county rs4lt CVT Grant Ove Grant Avers►ght Schools rant ® Cultural Oversight Institutions G _ . ; �` . � \ �. . _` -� . � . .. /� � \ . 2 ` �\ ` �) ' \ « ± :Act t ects Cu nt :xe u#i Oakland Together Grant Programs thru 9/30/20 $70,000,000.00 $60.000,000.00 $5U00,000.00 $40,000,000.00 $30,000,000.00 $20,000,000.00 $10,000,000.00 Spent Orllgateu _appropriation Remala'1n- Conur Emergencv unity Financial Response & -assistance Recovei-N FundWoridng Families $10.000.000.00 $8.754.997.00 S- $8.245.003.00 w� Local Government Partnership Program for CVT's $ i 0,000.00u.0CR $7,000,000.00 S 18,000,000.00 CUltur al School Safe County Institution Operations COVID-19 Support Support S- K 9.682.687.00 S S- S2.74-964.00 S- 50,000,000.00 S21,890.256.00 $28.000MO.00 C $35,000.000.00 $30,000,000.00 $25.000,000.00 $20,000.000.00 $15,000,000.00 $10-000,000.00 $5,000,000.00 Small Business Stabilization Grant Saving Business Saving Lines Grant *Spent $13.050AM.00 $780,000.00 Gbli,7ated $ S- Iff Appropriation Remaining S800.000.00 $_20.000.00 Small Business Recover Grant - Sma11 Business $26.400,000.00 s3_87,000.00 $ Small Business Recu, erg Grant - Local Chambers $1.00 0.000.00 $72�,.000.00 PPE Resilience Grant Program - Operation Project Diamond $7.800.000.00 S2.21C0.000.00 S- $12.000,000.00 $10,000,000.00 $8.000,000.00 $6,000,000.00 $4,000.000.00 $2.000,000.00 Spent Ciblieated Approprianot_ Remaining OLSHA Financial Coachin's Services S- S24,000.00 S 100,000.00 M:i,.. .,,�I M Michi.aan Works! Centers S800,000.00 $200,000.00 S- Veterans Relief Veterans Relief RESTART l�roEram� - Pro�rant - (SrrtaIi Business Veteran Ser,-ice Veterans -' tEDC) Organizations $- S- S- S 100M0.00 S- $11,04_,000.00 S19_.521.00 S450.000.00 S- S50 ()� v.- S- S- rrF {K E u t yt <<f. 1::lCt Pr©CtS - Soars! ofmmj5sipners a>- Oakland Together Grant Programs thru 9/30/20 $700,000.00 $600,000.00 $500,000.00 $400,000.00 $300,000.00 - - $200,000.00 $100,000.00 Safe for Public I iealth School" School Il,leasues- t-ocera COVID Public Hotline in Touchless AuditoriLurb Touehless Information Partnership 'Water Bottle Communicatio «ith Beaumont Filling Stations Audio/Visual n S F sten-i Health hyuj)rov ements Spent $ S- $- $- S- Esbiidatcd $650.000.00 SI75,000.00 $3,00,000.00 $82,000.00 $260.000.00 * Appropriation Re-mainina $- S- S- $- $- " act Projects - Clerk - Elections Division Ss.. afi 611 aisn�'q"lJ?'b"uaa.. x� Y aro y° i � � i x a�x y�2 � 1 s ^.'s.k57��i{tytt�k E Spent Obligated Appropriation Remaining Relief Funds for Voter Countin.0 Board Equipment &-- Training S_ 00-000.00 Voter Education Flailing and Outreach $450.000.00 $- S-50.000.00 ® CARES Act Expiration Date - i 2/30/20 Rear)prop riating Funds w State Grants to be spent by 12/3 /20 ® Mitigation 6 Provide €€exi iiipy to administration to spend r maim funds Treasury Reporting Timeline - Upload Fea#pare Cycle 1 & 2 3/1-9/30/2020 Cycle 3 10/1-12/31/2020 Cycle 4 1/1-3/3112021 Cycle 5 Cycle 6 12/1/2020 12/15/2020', 12/25/2020** 1/11/2021 1/22/2021 4/12/2021 4/1-6/30/2021 4/22/2021 7/ 7/22/2021 1/12-20/2021 4/13-20/2021 7/12/2021� 7/13-20/2021 10/12/2021 10/13-20/2021 4/21/2021' r. 7/21/2021k *New Reporting Cycles open upon approval of previous Reporting Cycle submission or after Data Extract from the previous reporting cycle is shared with PRAC Pierce, Monroe & Associates ©2020 Guidehouse LLP All nghts reserved CONFIDENTIAL. Resolution #20577 November 19. 2020 Moved by Gershenson seconded by Taub the resolution be adopted. Discussion followed. Moved by Taub seconded by Long the resolution be amended as follows: Insert the following language after the 1st BE IT FURTHER RESOLVED: BE IT FURTHER RESOLVED that the Economic Development and Community Affairs CARES Act Recovery Assistance funds will only be utilized to assist small businesses in Oakland County communities. Discussion followed. A sufficient majority having voted in favor, the amendment carried. Vote on resolution, as amended: AYES: Hoffman, Jackson, Kochenderfer, Kowall, Kuhn, Long, _uebs, Markham, McGillivray, Middleton, Miller, Nelson, Powell, Quarles, Spisz, Taub, Weipert, Woodward, Zack, Gershenson, Gingell. (21) NAYS: None. (0) A sufficient majority having voted in favor, the resolution, as amended, was adopted. 40, I HEREBY APPROVE THIS RESOLUTION CHIEF DEPUTY COUNTY EXECUTIVE ACTING PURSUANT TO MCL 45.559A V) STATE OF MICHIGAN) COUNTY OF OAKLAND) I, Lisa Brown, Clerk of the County of Oakland, do hereby certify that the foregoing resolution is a true and accurate copy of a resolution adopted by the Oakland County Board of Commissioners on November 19, 2020, with the original record thereof now remaining in my office. In Testimony Whereof, I have hereunto set my hand and affixed the seal of the Circuit Court at Pontiac, Michigan this 19th day of November, 2020. i�Z'rZ` Lisa Brown, OaklarYd County