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 - SPADY CULTURAL HERITAGE MUSEUM, INC. (SPADY)
Body
Recommended Action:
Recommendation
Approve the A-GUIDE Funding Agreement with Spady Cultural Heritage Museum, Inc. (Spady) in the amount of $106,000 for Fiscal Year 2020-2021.
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Background:
Spady applied for A-GUIDE Funding for Recreation and Cultural Facilities in the amount of $106,000 for fiscal year 2020-2021 for the Museum Programming: Exhibits, Education Programs, Archives. This represents 25% of Spady’s proposed budget of $417,419.
At the August 25, 2020 CRA Regular Board meeting, the Board considered the funding request from Spady and supported the funding request in the amount of $106,000.
Attached is the Funding Agreement outlining Spady’s reporting requirements and other responsibilities with regard to the funding provided. Spady 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 SPADY 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 SPADY of such deficiency(ies), and the SPADY shall have fourteen (14) days from receipt of the notice to cure the deficiency(ies) to the satisfaction of the CRA. Should the SPADY 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 di...
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