HomeMy WebLinkAboutCC RESO 2020-124RESOLUTION NO. 2020 - 124
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY
AUTHORIZING THE CITY MANAGER TO EXECUTE A MEMORANDUM OF
UNDERSTANDING BETWEEN THE CITY OF NATIONAL CITY AND THE SOUTH
COUNTY ECONOMIC DEVELOPMENT COUNCIL TO ADMINISTER SMALL
BUSINESS LOANS TO SUPPORT THE RECOVERY OF LOCAL RETAIL OUTLETS
AND RESTAURANTS DEVASTATED BY ECONOMIC IMPACTS FROM COVID-19
WHEREAS, the City Council accepted a Coronavirus Aid, Relief, and Economic Security
("CARES") Act Coronavirus Relief Fund ("CRF") allocation of $1,095,124 from the County of
San Diego on June 2, 2020; and
WHEREAS, City staff submitted an allocation plan for the funding which included
$200,000 for the creation of an Economic Development Recovery Grants to Small Business
Program; and
WHEREAS, the intent of the program is to provide economic relief and assist at risk
business rebound from the economic impacts of COVID-19; and
WHEREAS, the City of National City is offering a no -interest loan to National City
businesses that will be issued and serviced by the South County Economic Development
Council (South County EDC); and
WHEREAS, South County EDC will provide a one-time $5,000 no -interest loan with
repayment due on April 1, 2021; and
WHEREAS, the loan can be converted to a forgivable grant if certain criteria are met.
NOW THEREFORE, BE IT RESOLVED that the City Council of the City of National City
does hereby authorize the City Manager to execute a Memorandum of Understanding between
the City of National City and the South County Economic Development Council (SCEDC) to
administer small business loans to support the recovery of local retail outlets and restaurants
devastated by economic impacts from COVID-19.
PASSED and ADOPTED this 16t" day of June ,2020.
ATTEST:
Alejandra Sotelo Solis, Mayor
<A'oZ
Michael R. Dal a, ty Clerk
APPROVED AS 0 FORM•
Jones, Cit _ orney
Passed and adopted by the Council of the City of National City, California, on
June 16, 2020 by the following vote, to -wit:
Ayes: Councilmembers Cano, Morrison, Quintero, Rios, Sotelo-Solis.
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY: ALEJANDRA SOTELO-SOLIS
Mayor of the City of National City, California
City Clerk of the City of Nati nal City, California
By:
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2020-124 of the City of National City, California, passed and
adopted by the Council of said City on June 16, 2020.
City Clerk of the City of National City, California
By:
Deputy