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AI# 10679
Regular City Council Meeting
7.42.
04/26/2022:
Information
Agenda Item
Resolution - City Manager:
Consider a resolution authorizing the Mayor to execute the City of Lubbock, American Rescue Plan Act (ARPA) Funding Agreement No. 16527, by and between the City of Lubbock, and the Community Foundation of West Texas, for the administration of nonprofit funding program services.
Item Summary
The Community Foundation of West Texas will administer the Non-Profit ARPA Relief Fund. To apply, the non-profit must either be located within the city limits of Lubbock or be located in Lubbock County, while offering services within the city limits.
Funding will be distributed to businesses based on the previous year's Annual Gross Revenue (AGR).
Annual Gross Revenue (AGR)
AGR of $100,000 or less
Eligible for up to $5,000
AGR of $100,000 to $250,000
Eligible for up to $10,000
AGR of $250,000 to $500,000
Eligible for up to $15,000
AGR of $500,000 or more
Eligible for up to $20,000
The Community Foundation of West Texas will process and approve funding for qualified applicants. The City of Lubbock Accounting Department will process all payments and disburse checks to the non-profits identified by the Community Foundation of West Texas Staff. A maximum administration fee of $40,000 will be paid to the foundation.
Fiscal Impact
Funding will come from the City's ARPA allocation, not to exceed $1,000,000.
Staff/Board Recommending
Bill Howerton, Deputy City Manager
Attachments
Resolution - CFWT
Agreement - CFWT
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