Regular Village Board meetings are held at 7:30 p.m., the first and third Mondays of each month in Council Chambers of Village Hall, 123 Madison St. When a regular meeting falls on a holiday, the meeting typically is held the following night. The Village Board also meets in special sessions, usually on the second and fourth Monday. However, dates and times of special meetings can vary and may change.

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File #: RES 22-148    Name:
Type: Resolution Status: Passed
In control: President and Board of Trustees
On agenda: 6/21/2022 Final action: 6/21/2022
Title: Resolutions Approving Amendments to the Subrecipient Grant Agreements with Various Not-For-Profit Entities which provided Community Development Block Grant - Coronavirus (CDBG-CV) Funds to Raise the Funding Allotted to the Entities by an Additional $57,515 and Authorizing Execution of the Amendments
Attachments: 1. Resolution - Beyond Hunger, 2. Amendment - Beyond Hunger, 3. Agreement - Beyond Hunger, 4. Resolution - IWS Children's Clinic, 5. Amendment - IWS Children's Clinic, 6. Agreement - IWS Childrens Clinic, 7. Resolution - Hephzibah, 8. Amendment - Hephzibah, 9. Agreement - Hephzibah, 10. Resolution - New Moms, 11. Amendment - New Moms, 12. Agreement - New Moms, 13. Resolution - Oak Leyden, 14. Amendment - Oak Leyden, 15. Agreement - Oak Leyden, 16. Resolution - Thrive, 17. Amendment - Thrive, 18. Agreement - Thrive, 19. Resolution - UCP Seguin, 20. Amendment - UCP Seguin, 21. Agreement - UCP Seguin, 22. Resolution - Way Back Inn, 23. Amendment - Way Back Inn, 24. Agreement - Way Back Inn, 25. Resolution - West Cook YMCA, 26. Amendment - West Cook YMCA, 27. Agreement - West Cook YMCA
Submitted By
Tammie Grossman, Director, Development Customer Services

Reviewed By
A.M. Zayyad

Agenda Item Title
Title
Resolutions Approving Amendments to the Subrecipient Grant Agreements with Various Not-For-Profit Entities which provided Community Development Block Grant - Coronavirus (CDBG-CV) Funds to Raise the Funding Allotted to the Entities by an Additional $57,515 and Authorizing Execution of the Amendments

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Overview
Overview
On May 16, 2022, the Village approved a motion to reallocate $57,515 in unspent CDBG-CV funding (Business Assistance Loan Program) to CDBG-CV Public Service funding. The reallocation will increase the Public Service funding from $162,107 to $219,622. The Village received $1,259,754 in CDBG-CV funds. In 2020, the Village Board designated $550,000 of the CDBG-CV funds for the DCS Department to administer a Business Assistance Loan Program to assist Oak Park businesses in the creation and/or retention of jobs for workers with incomes at or below 80% of the AMI for Cook County. This Business Assistance grant program was one of four business assistance programs the board would go on to create. From 2020 through 2021, 84 grant applications were approved and a total of $492,485 was loaned out to Oak Park businesses as a part of this one specific business assistance program, leaving $57,515 in unspent program funds.

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Recommendation
Recommendation
Adopt the Resolutions.

Fiscal Impact
This agenda item has no impact on the Village's General Revenue Fund.

Background
On June 15, 2020, the Village Board approved a resolution authorizing the use of $300,000 of CDBG-CV funds to establish the first Business Assistance Program in response to the Covid-19 emergency. On October 5, 2020, the Village Board approved an additional $250,000 in funding for this first business assistance program. From 2020 through 2021, $550,000 in Business Assistance Loan funding was utilized to help Oak Park businesses create and/or retain jobs for wo...

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