MEMO TO: Members of the City Council
FROM: Mayor Angela Birney
SUBJECT:
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Allocation of $2,170,800 to support Human Services and Small Business Economic Recovery
I. RECOMMENDED ACTION
recommendation
Allocate a total of $2,170,800 to support Human Services and Small Business Economic Recovery from various funding sources as outlined below.
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II. DEPARTMENT CONTACTS
Malisa Files, Finance Director 425-556-2166
Kelley Cochran, Deputy Finance Director 425-556-2748
Finance Department
Carol Helland, Director 425-556-2107
Planning and Community Development
III. DESCRIPTION/BACKGROUND
The City has access to new revenue that is being used to respond to impacts on individuals, families and businesses related to the COVID-19 pandemic. At the Study Session on June 9, 2020, Council reviewed the recommendation to allocate Cares Act funding, the remainder of the HB 1406 Sales Tax Credit money, and a grant from King County Councilmember Kathy Lambert (see Attachment A). The funds will be allocated to various programs, as outlined in the table below.
Description
Amount
Cares Act
* Small business economic support
$1,705,800
* Human Services (mental health, telework, food security and personal protective equipment)
$250,000
* City of Redmond Senior nutrition program
$20,000
Total Cares Act
$1,975,800
HB 1406 Sales Tax Credit for rental assistance
$190,000
King County Councilmember Lambert Grant food support and distribution
$5,000
Total distribution
$2,170,800
CARES Act
Small Business Economic Recovery
The City will partner with OneRedmond to establish a small business recovery fund to support selected small businesses and community-based organizations that are critical for the Eastside's continued prosperity. A total of $1,705,800 will be allocated for small business economic support efforts.
For each organization selected to receive financial support in the form of a grant, the organization will also receive:
* Assistance wi...
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