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CC - Approval of an Agreement with the Los Angeles County Development Authority to Participate in the Small Business Grant Program funded with Community Development Block Grant Funds
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Meeting Date: February 28, 2022
Contact Person/Dept: Elizabeth Garcia, Economic Development/CDD
Todd Tipton, Economic Development/CDD
Phone Number: (310) 253-5708
(310) 253-5783
Fiscal Impact: Yes [x] No [] General Fund: Yes [] No [x]
Public Hearing: [] Action Item: [] Attachments: [x]
Commission Action Required: Yes [] No [x] Date:
Public Notification: (E-Mail) Meetings and Agendas - City Council (02/23/2022);
Department Approval: Sol Blumenfeld, Community Development Director (02/16/2022)
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RECOMMENDATION
Staff recommends City Council approve an agreement with the Los Angeles County Development Authority to participate in the Small Business Grant Program funded with Community Development Block Grant Funds.
BACKGROUND
On March 27, 2020 the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was enacted. The CARES Act provided $5 billion in additional Community Development Block Grant (CDBG) funding to prevent, prepare for, and respond to the COVID-19 pandemic. The U.S. Department of Housing and Urban Development (HUD) was named as the responsible federal agency to administer and distribute the CARES Act funds to state and local governments that receive a CDBG allocation.
As a participating city in the Los Angeles County CDBG Program, the City of Culver City will receive approximately $104,715 in one-time only, supplemental CDBG Cares Act funds for the express purpose of responding to, addressing, and mitigating the impacts of the COVID-19 pandemic.
The City of Culver City has been a participating city in the Los Angeles County Development Authority's (LACDA) federal Community Development Block Grant (CDBG) Prog...
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