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RESOLUTION R-2021-69: A RESOLUTION OF THE COUNCIL OF THE CITY OF NORMAN, OKLAHOMA, APPROPRIATING CARES ACT REIMBURSEMENT FUNDING IN THE AMOUNT OF $1,000,000 RECEIVED FROM THE STATE OF OKLAHOMA FROM THE GENERAL FUND MISCELLANEOUS GRANT REIMBURSEMENTS ACCOUNT TO BE USED FOR SMALL BUSINESS RELIEF GRANTS.
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DISCUSSION: City Council in its meeting of October 29, 2020, appropriated $6,525,000 of those funds which were distributed as follows:
• $4,800,000 for Construction Supplement for Senior Wellness Center and Purchase of Permanent Community Service and Homeless Service Facility
• $575,000 for Visit Norman, Inc. to restore lost Room Tax Revenues
• $500,000 for the Norman Arts Council to restore lost Room Tax Revenues
• $465,000 to be allocated to the City’s General Fund
• $135,000 to be allocated to the City’s Net Revenue Stabilization Fund
• $50,000 to be allocated to Municipal COVID Service Providers such as Norman Regional Health System
In City Council’s Special Session of November 17, 2020, Council gave direction to set aside $1,000,000 for small business relief grants.
Based on Council’s direction, it is recommended that $1,000,000 be appropriated from the General Fund, Miscellaneous Grant Reimbursements (account 109-331346) to Misc-CARES Act Business Aid (account 10110111-44720).
The Small Business Relief Program will be administered by City Manager’s Department staff based on the direction given by Council.
RECOMMENDATION: It is recommended that the Resolution be adopted and the CARES Act funds be appropriated as directed by Council.