TO: CRA Board of Commissioners
FROM: Alexina Jeannite, Grant Manager
THROUGH: Renée A. Jadusingh, Esq., CRA Executive Director
DATE: September 29, 2020
Title
FISCAL YEAR 2020-2021 CRA A-GUIDE FUNDING AGREEMENT - CREATIVE CITY COLLABORATIVE (ARTS GARAGE)
Body
Recommended Action:
Recommendation
Approve the A-GUIDE Funding Agreement with the Delray Beach Creative City Collaborative, Inc. (Arts Garage) in the amount of $275,000 for Fiscal Year 2020-2021.
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Background:
Delray Beach Creative City Collaborative, Inc. (Arts Garage) applied for A-GUIDE Funding for Recreation and Cultural Facilities in the amount of $275,000 for fiscal year 2020-2021 for the Community Building through Music & Art Program. This represents 20% of Arts Garage’s proposed budget of $1,351,000.
At the August 25, 2020 CRA Regular Board meeting, the Board considered the funding request from the Arts Garage and supported the funding request in the amount of $275,000.
Attached is the Funding Agreement outlining Art Garage’s reporting requirements and other responsibilities with regard to the funding provided. Arts Garage will submit quarterly reports documenting the expenditure of funds and the progress towards the outcomes projected in the Goals and Outcomes Report and Budget for FY 2020-2021. Funds will be disbursed quarterly based on submittal of the associated quarterly reports.
Based on the Board’s feedback at the September 14, 2020 Workshop, regarding the A-GUIDE Grant Program, the following language was added to satisfy the board’s requirements.
In the event the CCC does not expend funds in accordance with its approved A-GUIDE funding application, attached as Exhibit “B”, the CRA shall provide written notice to the CCC of such deficiency(ies), and the CCC shall have fourteen (14) days from receipt of the notice to cure the deficiency(ies) to the satisfaction of the CRA. Should the CCC fail to cure such deficiency(ies) to the satisfaction of the CRA, the CRA shall be entitled to recoup the portion of the Funding Amount allocated and/or already disbursed to the CCC, under the terms of this Agreement. The CRA shall have sole and absolute discretion with respect to the determination as to whether CCC is expending funds in accordance with its approved A-GUIDE funding application.
Attachment(s): Exhibit A - FY 2020-2021 - CCC A-GUIDE Funding Agreement
CRA Attorney Review:
The CRA Attorney has reviewed the CCC Funding Agreement as to form and determined it to be acceptable.
Finance Review:
N/A
Funding Source/Financial Impact:
$275,000 allocated from General Ledger #7376 - A-GUIDE Funding.