Title
Approval of a Resolution Authorizing an Interagency Agreement between the City of Olympia and the Washington State Department of Commerce for Coronavirus Relief Funds
Recommended Action
Committee Recommendation:
Not referred to a Committee.
City Manager Recommendation:
Approve a resolution authorizing an Interagency Agreement between the City of Olympia and the Washington State Department of Commerce for Coronavirus Relief Funds for Local Governments and authorize the City Manager to sign the agreement.
Report
Issue:
Whether to approve a resolution authorizing an Interagency Agreement between the City of Olympia and the Washington State Department of Commerce for Coronavirus Relief Funds for Local Governments and authorize the City Manager to sign the agreement.
Staff Contact:
Debbie Sullivan, Administrative Services Director, 360.753.8499
Presenter(s):
None - Consent Calendar Item.
Background and Analysis:
The Federal Government enacted the Coronavirus Aid, Relief, and Economic Security (CARES) Act on March 27, 2020, to provide immediate relief in response to the COVID-19 pandemic. The CARES Act provided more than $2.2 trillion of federal funding. Of that, $150 billion was distributed to states, the District of Columbia, tribal governments, and territories. Washington State received $2.167 billion dollars based on population.
Governor Inslee announced that nearly $300 million of the CARES funding would be awarded to local governments who did not receive direct distributions from the Federal Government. The funds are being distributed by the U.S. Treasury Department through the Washington State Department of Commerce (Commerce). The City of Olympia was officially notified by Commerce on May 20, that we received an award of $1,583,100 and encouraged to immediately enter into an agreement to expedite the distribution of funds.
Funding is available through a reimbursable-style grant. The City can submit for reimbursement for eligible costs that h...
Click here for full text