Agenda Item # 11.a.
City Commission Regular Meeting - 4:30 pm
- Meeting Date:
- 01/19/2021
- Re
- Approve Way to Grow, Lincoln Park! Grant Award - A T.B.T. Insurance Agency in the amount of $10,000.00
SUBJECT:
Approve grant award for Sonja Thomas, owner of A T.B.T. Insurance Company, in the amount of $10,000.00, as an eligible recipient under the Way to Grow Lincoln Park Historic Avenue D Business District Small Business Startup/Relocation Grant Program.
SUMMARY:
2018-19 CDBG funding allocates funds for small businesses of up to $3000. The partnership with Allegany Franciscan Ministries presented grant funding of up to $7000 for each small business in this program. Funds requested will provide for four (4) months' lease payment, reimbursement for rental/utility deposit(s) and supplies for interior improvements, and required Insurance Licensing. A T.B.T. Insurance Company's application included business plan, lease agreement, receipts for supplies purchased/deposits paid and quotes for required industry licensing.
RECOMMENDATION:
Approve grant for A T.B.T. Insurance Company to cover small business startup expenses.
ALTERNATIVES:
Do not approve this grant award.
RESPONSIBLE STAFF:
Caleta Scott, Manager, Grants Administration Division
COORDINATED WITH:
Lincoln Park Revitalization Coordinator
Fiscal Impact
- Budgeted Y/N:
- Y
- Fiscal Year:
- 2019
- Account:
- 10390025548410
- Amount:
- 3000.00
OTHER INFORMATION:
This expenditure will be reimbursed by 2018-2019 CDBG funds.
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Finance Department | Johnna Morris | 01/07/2021 09:13 AM |
| City Manager | Nick Mimms | 01/13/2021 09:39 AM |
- Form Started By:
- cscott
- Started On:
- 12/23/2020 01:51 PM
- Final Approval Date:
- 01/13/2021