HomeMy WebLinkAbout2020-63 - Small Business Bridge GrantRESOLUTION NO. 2020-63
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COSTA MESA,
CALIFORNIA, AUTHORIZING THE USE OF UP TO $1.995 MILLION FROM THE
DECLARED DISASTERS RESERVE FOR THE SMALL BUSINESS BRIDGE GRANT
PROGRAM
THE CITY COUNCIL OF THE CITY OF COSTA MESA, CALIFORNIA HEREBY
FINDS, DETERMINES, AND DECLARES AS FOLLOWS:
WHEREAS, the City's General Fund Operating Reserve has a balance of
$53,295,000; and
WHEREAS, the City's Declared Disasters Reserve, a committed category of the
General Fund Operating Reserve, has a balance of $14,125,000; and
WHEREAS, pursuant to Section 2-206 (Limited Use) of Article 7 (Use of General
Fund Cash Reserves) of Chapter V (Finance) of Title 2 (Administration) of the Costa Mesa
Municipal Code (CMMC), the use of the General Fund Operating Reserve is limited to
two purposes: (1) to provide emergency funding as a result of a declared emergency; and
(2) to provide funding required for an unanticipated but urgent event threatening the public
health, safety and welfare of the City of Costa Mesa; and
WHEREAS, pursuant to Section 2-207 (Accessing the General Fund Reserve
Balance) of Article 7 (Use of General Fund Cash Reserves) of Chapter V (Finance) of
Title 2 (Administration) of the CMMC, the General Fund Operating Reserve may only be
utilized by resolution of the City Council for any General Fund purpose provided for in
Article 7 of Chapter V of Title 2 of the CMMC; and
WHEREAS, on March 12, 2020, the City declared a local state of emergency due
to the spread of the COVID-19 virus, and on March 19, 2020, the State of California issued
orders requiring households to shelter in place and the closure of nonessential
businesses, thus impacting the revenues of many Costa Mesa businesses and the
economic stability of such businesses; and
WHEREAS, on June 16, 2020, the City Council adopted Resolution No. 2020-28,
adopting the Fiscal Year 2020-21 Budget and approving the use of funds from the
Declared Disasters Reserve to address unfunded emergency expenditures resulting from
the COVID-19 emergency in accordance with CMMC sections 2-206 and 2-207; and
Resolution No. 2020-63 Page 1 of 3
WHEREAS, for the last nine (9) months, State and County regulations and
restrictions have limited business operations; and
WHEREAS, most recently, on December 6, 2020, a new Regional Stay at Home
Order went into effect; and
WHEREAS, the Regional Stay at Home Order will remain in effect for at least three
(3) weeks; and
WHEREAS, personal care service businesses and restaurants in Costa Mesa
have been significantly impacted by the COVID-19 pandemic and State and County
regulations and restrictions; and
WHEREAS, prior financial assistance programs provided limited relief to such
businesses; and
WHEREAS, the Regional Stay at Home Order has placed an additional financial
burden on such businesses; and
WHEREAS, the City is establishing a Small Business Bridge Grant Program to
ameliorate the effects of the COVID-19 pandemic on personal care service businesses
and restaurants in Costa Mesa; and
WHEREAS, the City desires to utilize funds in the amount of up to $1,995,000 from
the Declared Disasters Reserve to provide grants to such businesses and administer the
Program.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Costa
Mesa as follows:
Section 1. The City Council authorizes the use of up to $1,995,000 from the
Declared Disasters Reserve to provide grants to personal care service businesses and
restaurants in Costa Mesa and to administer the Small Business Bridge Grant Program.
Section 2. The City Manager is authorized to take any and all steps necessary to
implement the authorization provided for in this resolution.
Resolution No. 2020-63 Page 2 of 3
PASSED AND ADOPTED this 15th day of December, 2020.
ATTEST:
22W&Onm)
Brenda Green,(tity Clerk
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF COSTA MESA )
APPROVED AS TO FORM:
K mberly 14all Barlow, City Attorney
I, BRENDA GREEN, City Clerk of the City of Costa Mesa, DO HEREBY CERTIFY
that the above and foregoing is the original of Resolution No. 2020-63 and was duly
passed and adopted by the City Council of the City of Costa Mesa at a regular meeting
held on the 15th day of December, 2020, by the following roll call vote, to wit:
AYES: COUNCIL MEMBERS: CHAVEZ) GAMEROS, HARLAN, HARPER,
REYNOLDS, MARK, AND FOLEY
NOES: COUNCIL MEMBERS: NONE
ABSENT: COUNCIL MEMBERS: NONE
IN WITNESS WHEREOF, I have hereby set my hand and affixed the seal of the
City of Costa Mesa this 16th day of December, 2020.
Resolution No. 2020-63 Page 3 of 3