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 - DELRAY BEACH LIBRARY ASSOCIATION, INC.
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Recommended Action:
Recommendation
Approve the A-GUIDE Funding Agreement with the Delray Beach Library Association, Inc. in the amount of $443,000 for Fiscal Year 2021-2022.
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Background:
The Delray Beach Library Association, Inc. (“Library”) applied for CRA A-GUIDE Funding for Economic Development and Recreation and Cultural Facilities in the amount of $443,000 for Fiscal Year 2021-2022. This represents 18% of the Library’s Proposed Budget of $2,415,500.
At the July 15, 2021 CRA Board Workshop, the Board considered the funding request from the Library and supported the funding request in the amount of $443,000.
Attached is the Funding Agreement outlining the Library’s reporting requirements and other responsibilities with regard to the funding provided. The Library 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 - Library 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:
$443,000 allocated from General Ledger #7376 - A-GUIDE Funding.