HomeMy WebLinkAbout20-127 Scott County COVID 19 Business Recovery Program
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 20-127
A RESOLUTION TRANSFERRING A PREVIOUSLY APPROVED
ALLOCATION OF CARES ACT FUNDING FROM THE SCOTT COUNTY CDA SMALL
BUSINESS RECOVERY FUND TO THE
SCOTT COUNTY COVID-19 BUSINESS RECOVERY PROGRAM
Motion By: Braid Second By: Thompson
WHEREAS,
Scott County established a COVID-19 Business Recovery Program to support local
small businesses that have had financial hardship as a result of the COVID -19
pandemic; and
WHEREAS, Businesses in Scott County who meet certain criteria may receive a grant of up to
$15,000 to assist with recovery efforts; and
WHEREAS, Funds can be used for Federal CARES Act eligible COVID-19 related or incurred
public health emergency business operating expenses, including expenses related
to reopening; and
WHEREAS, The Business Recovery Program will be administered through NextStage, a local
non-profit that provides technical assistance and support to small businesses and
entrepreneurs in Minnesota; and
WHEREAS, The grant program has been structured in a way that individual cities can partner
with NextStage to enhance grant funding in their communities if they wish; and
WHEREAS, On August 3, 2020, the Prior Lake City Council approved an allocation of up to
$108,000 of CARES funds to the Scott County Community Development Agency
(CDA) Small Business Recovery Fund; and
WHEREAS,
WHEREAS,
City CARES funding was not provided to the Scott County CDA Small Business
Recovery Fund due to lack of qualified applicants; and
The Prior Lake City Council would like to redirect the CARES funds previously
allocated from the Scott County CDA Small Business Recovery Fund to the Scott
County COVID-19 Business Recovery Program to increase the amount of grant
funds to eligible Prior Lake businesses.
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA as follows:
1. The recitals set forth above are incorporated herein.
2. The previously approved allocation of up to $108,000 of CARES Act funds to the Scott County
CDA Small Business Recovery Fu nd as approved in Resolution 20-092 is rescinded.
3. $106,000 in CARES Act funds shall be allocated to support eligible Prior Lake businesses
through the Scott County COVID-19 Business Recovery Program.
M:\City Clerk\CITY COUNCIL\Resolutions\2020\20-127 Scott County COVID 19 Business Recovery Program.docx
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4. The City Manager is authorized to execute an Agreement with NextStage to administer the
City of Prior Lake funding for the Scott County COVID-19 Business Recovery Program.
Passed and adopted by the Prior Lake City Council this 2nd day of November 2020.
VOTE Briggs Thompson Burkart Braid
Aye ☒ ☒ ☒ ☒
Nay ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐
Absent ☐ ☐ ☐ ☐
Jason Wedel, City Manager