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File #: 18-0887 CRA    Version: 1 Name:
Type: CRA Funding Assistance Status: Agenda Ready
File created: 8/13/2021 In control: Community Redevelopment Agency
On agenda: 8/31/2021 Final action:
Title: A-GUIDE FUNDING AGREEMENT FY 2021-2022 - GREATER DELRAY BEACH CHAMBER OF COMMERCE, INC.
Attachments: 1. Agenda Cover Report, 2. A-Guide Funding Agreement FY2021-2022 Chamber
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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TO:                                           CRA Board of Commissioners

FROM:                       Alexina Jeannite, Community Engagement Director

THROUGH:                      Renée A. Jadusingh, Esq., Executive Director

DATE:                      August 31, 2021

 

Title

A-GUIDE FUNDING AGREEMENT FY 2021-2022 - GREATER DELRAY BEACH CHAMBER OF COMMERCE, INC.

 

Body

Recommended Action:

Recommendation

Approve the A-GUIDE Funding Agreement with the Greater Delray Beach Chamber of Commerce, Inc. in the amount of $40,000 for Fiscal Year 2021-2022.

 

Body

Background:

The Greater Delray Beach Chamber of Commerce, Inc. (“Chamber”) applied for CRA A-GUIDE Funding for Economic Development in the amount of $40,000 for Fiscal Year 2021-2022 for the Small Business Development Center Program (“SBDC”). This represents 5% of the Chamber’s Proposed Budget of $783,223.55.

 

At the July 15, 2021 CRA Board Workshop, the Board considered the funding request from the Chamber and supported the funding request in the amount of $40,000.

 

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 2021-2022. Funds will be disbursed quarterly based on submittal of the associated quarterly reports.

 

Attachment(s): Exhibit A - FY 2021-2022 - Chamber A-GUIDE Funding Agreement

 

 

CRA Attorney Review:

The CRA Attorney has reviewed the Funding Agreement to form and determined it to be acceptable.

 

Funding Source/Financial Impact:

$40,000 allocated from General Ledger #7376 - A-GUIDE Funding.