SUBJECT: CONSENT AGENDA
Title
A Resolution of the Board of Trustees of the Town of Erie Approving the Expenditure of a Portion of the Town’s CARES Act Funding for Residential Utility Bill Credits
Body
DEPARTMENT: Finance
PRESENTER: Stefanie Furman, Acting Finance Director
FISCAL SUMMARY:
Cost as Recommended: $40,000
Balance Available: $85,000
Budget Line Item Number: 100-80-110-574000-191919
New Appropriation Required: No
STAFF RECOMMENDATION:
Recommendation
Approve the Resolution to authorize the expenditure of CARES Act Funds for a residential Utility Bill Grant Program.
End
SUMMARY AND BACKGROUND OF SUBJECT MATTER:
The Town has received funding under the federal Coronavirus Aid, Relief, and Economic Security Act (the ”CARES Act Funds”). These funds allow expenditures incurred due to the public health emergency with respect to the Coronavirus Disease 2019 (COVID-19) through December 30, 2020. The Town would like to use up to $40,000 of the funding to create a residential Utility Bill Grant Program to provide assistance to residents who have had a negative impact due to the COVID-19 public health emergency.
Under this program, residents can apply for a one-time $100 utility bill grant, to be applied as a credit against their utility billing account. There are no income qualifications, but applicants must submit documentation showing financial impact due to COVID-19.
Board Priority(s) Addressed:
ü Safe and Healthy Community
ü Engaged and Diverse Community
ü Prosperous Economy
ü Fiscally Responsible
ATTACHMENTS:
1. Resolution