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File #: 18-0658 CRA    Version: 1 Name:
Type: CRA Grant Status: Agenda Ready
File created: 9/18/2020 In control: Community Redevelopment Agency
On agenda: 9/29/2020 Final action:
Title: FISCAL YEAR 2020-2021 CRA A-GUIDE FUNDING AGREEMENT - DELRAY BEACH CHAMBER OF COMMERCE
Attachments: 1. Agenda Cover Report, 2. Exhibit A - A-Guide Funding Agreement - Chamber 20-21
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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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 - DELRAY BEACH CHAMBER OF COMMERCE

Body
Recommended Action:
Recommendation
Approve the A-GUIDE Funding Agreement with the Greater Delray Beach Chamber of Commerce in the amount of $40,000 for Fiscal Year 2020-2021.

Body
Background:
The Greater Delray Beach Chamber of Commerce (Chamber) applied for A-GUIDE Funding for Economic Development in the amount of $40,000 for fiscal year 2020-2021 for the Small Business Development Center Program. This represents 5% of the Chamber’s proposed budget of $860,926.

At the August 25, 2020 CRA Regular Board meeting, and the subsequent Workshop Meeting on September 14, 2020, the Board considered the funding request from the Chamber and supported the funding request in the amount of $40,000 for Program A.

Attached is the Funding Agreement outlining the Chamber’s reporting requirements and other responsibilities with regard to the funding provided. The Chamber 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 CHAMBER 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 CHAMBER of such deficiency(ies), and the CHAMBER shall have fourteen (14) days from receipt of the notice to cure the deficiency(ies) to the satisfaction of the CRA. Should the CHAMBER fail to cure such deficiency(ies) to the satisfaction o...

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