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File #: 18-1173 CRA    Version: 1 Name:
Type: CRA Board Action Status: Agenda Ready
File created: 8/29/2022 In control: Community Redevelopment Agency
On agenda: 9/29/2022 Final action:
Title: A-GUIDE FUNDING AGREEMENT FY 2022-2023 - DELRAY BEACH LIBRARY ASSOCIATION, INC.
Attachments: 1. Agenda Cover Report, 2. Exhibit A - FY 2022-2023 – Library A-GUIDE Funding Agreement
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TO:                                           CRA Board of Commissioners

FROM:                       Alexina Jeannite, Community Engagement Director

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

DATE:                      September 29, 2022

 

Title

A-GUIDE FUNDING AGREEMENT FY 2022-2023 - DELRAY BEACH LIBRARY ASSOCIATION, INC.

 

Body

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 2022-2023.

 

Body

Background:

The Delray Beach Library Association, Inc. (“Library”) applied for CRA A-GUIDE Funding for Recreation and Cultural Facilities and Economic Development in the amount of $443,000 for Fiscal Year 2022-2023. This represents 17% of the Library’s Proposed Budget of $2,662,710.

 

At the September 1, 2022 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 2022-2023. Funds will be disbursed quarterly based on submittal of the associated quarterly reports.

 

Attachment(s): Exhibit A - FY 2022-2023 - 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.

 

Overall need within the Community Redevelopment Area from Delray Beach CRA Redevelopment Plan: 

Removal of Slum And Blight

Land Use

Economic Development

Affordable Housing

Downtown Housing

Infrastructure

Recreation and Cultural Facilities