Title
Consider approval of two Resolutions amending and approving the City of Coppell’s allocation of funds from the CARES Act for local businesses and social services; and authorizing the Mayor to sign.
Summary
City staff would like to re-allocate the funds dedicated to the Business Retrofit Grant Program and the Restaurant Assistance Program to a new Rent Assistance Program for Coppell businesses, the Coppell Fire Department and the Carrollton-Farmers Branch ISD. Approximately $1.4 million of the CARES Act funds would be utilized for these new uses.
Fiscal Impact:
Funding for the CARES ACT Grant Program is being provided by the Federal Government through the State of Texas and Dallas County.
Staff Recommendation:
Staff recommends approval.
Goal Icon:
Business Prosperity