To: BOARD OF SUPERVISORS
From: Executive Office
Meeting Date: September 24, 2024
|
Department Contact: |
Kelly Hansen |
Phone: |
707-463-441 |
|
Department Contact: |
Xuyen Mallela |
Phone: |
707-463-4441 |
|
Item Type: Noticed Public Hearing |
|
Time Allocated for Item: N/A |
Agenda Title:
title
Noticed Public Hearing - Discussion and Possible Action Including Review of the Performance of Community Development Block Grant (CDBG) Agreement Number 20-CDBG-Pl-12010 for COVID-19 Business Assistance and Recovery Business Loan Fund Program, and Authorization for the County of Mendocino to Close Out Grant, as Required by the State Housing Community Development (HCD) Agency
(Sponsor: Executive Office)
End
Recommended Action/Motion:
recommendation
Review the performance of the Community Development Block Grant (CDBG) Agreement number 20-CDBG-Pl-12010 for COVID-19 Business Assistance and Recovery Business Loan Fund Program and authorize the County of Mendocino to close out grant, as required by the State Housing Community Development (HCD) agency; and authorize the Chief Executive Officer or designee to sign any grant close out documents or other necessary documents related to this grant.
End
Previous Board/Board Committee Actions:
On May 19, 2020, the Board of Supervisors adopted Resolution No. 20-065 approving and authorizing the CEO to submit an application for funding and execute grant agreement and any amendments therto to receive funds from the 2019-2020 funding year of the State CDBG grant program utilizing $300,000 in Program Income.
On December 8, 2020, the Board of Supervisors adopted Resolution No. 20-165 approving the use of and authorizing the CEO to submit an application to utilize CDBG program income for establishing and funding a Business Assistance revolving loan fund and execute any agreements associated with said loan fund. With said resolution increased the updated the Program Income funds in the amount of $500,000 for the purposes of establishing a business assistance revolving loan fund.
On December 5, 2023, the Board approved Resolution 23-191, authorizing the submittal of an amendment to Mendocino County's current CDBG Program Income Standard Agreement with Housing and Community Development (HCD) in the amount of $263,278.05.
Summary of Request:
The County of Mendocino received Community Development Block Grant (CDBG) funds from the State to establish the Mendocino CDBG COVID-19 Business Assistance and Recovery Loan Fund Program. The program was created to offer low-interest loans to small and medium-sized businesses in the unincorporated areas of the county that were impacted by the COVID-19 Shelter in Place (SIP) order. The goal of the program was to aid businesses in recovering financially from the negative effects of the pandemic. The County allocated $763,278.05 in Program Income (PI) funds to provide flexible low-interest loans to small and medium-sized businesses with specific job creation and retention requirements.
The funds were distributed to three different businesses: Happy Rides ($105,000), Cold Creek Compost ($180,000), and Geiger’s Hopland Market ($180,000). Since receiving the funds, all three businesses have been monitored and have provided documentation showing that they fulfilled the job creation and retention requirements outlined in their loan terms.
CDBG funds have been used for the noted activities, a total of $552,763.40 in CDBG Program Income funds were disbursed and $210,514.65 in Program Income will be returned to the County’s PI fund. The grant agreement between the County and HCD will now be closed in order to comply with State program requirements.
Alternative Action/Motion:
Provide alternate direction to staff.
Strategic Plan Priority Designation: A Thriving Economy
Supervisorial District: All
Vote Requirement: Majority
Supplemental Information Available Online At:
Fiscal Details:
|
source of funding: CDBG Grant |
|
current f/y cost: N/A |
|
budget clarification: N/A |
|
annual recurring cost: N/A |
|
budgeted in current f/y (if no, please describe): No |
|
revenue agreement: N/A |
AGREEMENT/RESOLUTION/ORDINANCE APPROVED BY COUNTY COUNSEL: No
CEO Liaison: Executive Office
CEO Review: Yes
CEO Comments:
FOR COB USE ONLY
|
Executed By: Atlas Pearson, Senior Deputy Clerk |
Final Status: Approved |
|
Date: September 24, 2024 |
|
|
|
|
|
|
|