REQUEST FOR CITY COUNCIL ACTION
SUBMITTED TO: Honorable Mayor and City Council Members
SUBMITTED BY: Oliver Chi, City Manager
PREPARED BY: Oliver Chi, City Manager
Subject:
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Approve the COVID-19 Small Business Relief Program and Delegate to the City Manager, with Approval as to Form by the City Attorney, the Authority to Execute the Agreement with Orange County Small Business Development Center to Administer the Program
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Statement of Issue:
The City of Huntington Beach has received approximately $4.75 million in funding from Orange County Board of Supervisors Chairwoman Michelle Steel from the Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act, to support small businesses affected by COVID-19. Staff is recommending the creation of a COVID-19 Small Business Relief Program to provide grant funding to small businesses in Huntington Beach.
Financial Impact:
There is no direct cost to the City to approve this program. The City entered into a subrecipient agreement with the County of Orange to receive $4,747,521.59 in CARES Act funding to allocate to businesses with Huntington Beach. These funds will cover the entirety of the grant program, including the cost of administering the program through the Orange County Small Business Development Center (SBDC) at a cost of $75,550, or less than 2% of the available funding.
Recommended Action:
recommendation
A) Approve the COVID-19 Small Business Relief Program; and,
B) Delegate to the City Manager, with Approval as to Form by the City Attorney, the Authority Execute the "Agreement between the City of Huntington Beach and the Orange County Small Business Development Center to Administer the COVID-19 Small Business Relief Program" and to allow the City Manager to take all administrative and budgetary actions to execute the program.
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Alternative Action(s):
Do not approve the program as presented, and direct staff accordingly.
Analysis:
On May 26, 2020, the Orange Cou...
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