Loading...
HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 01/12/2021 - ITEMS RELATING TO A SMALL BUSINESS RELIEF PROGRAM Agenda Item 1 Item # 1 Page 1 AGENDA ITEM SUMMARY January 12, 2021 City Council STAFF Josh Birks, Economic Health Director Ingrid Decker, Legal SUBJECT Items Relating to a Small Business Relief Program to be Administered and Distributed by the City's Economic Health Office in Cooperation with Larimer County. EXECUTIVE SUMMARY A. Resolution 2021-006, Authorizing an Intergovernmental Agreement Between the City and Larimer County for Funding and Administration of a Small Business Relief Program. B. First Reading of Ordinance No. 017, 2021, Appropriating Unanticipated Revenue in the General Fund for a Small Business Relief Program to be Administered and Distributed by the Economic Health Office. The purpose of this item is for Council to consider an ordinance appropriating unanticipated revenue to operate a Small Business Relief program and a resolution authorizing a related agreement describing the administration and distribution of the funds with Larimer County. The Colorado legislature, in special session in December, passed Senate Bill 20B-001 (SB20B-001) setting aside over $37 million for direct relief payments to small businesses located in eligible Counties, which businesses include restaurants, bars, movie theaters, and fitness and recreational sports centers. STAFF RECOMMENDATION Staff recommends adoption of the Resolution and Ordinance on First Reading. BACKGROUND / DISCUSSION The Colorado General Assembly as part of a special session in December 2020 approved Senate Bill 20B-001 (“SB20B-001”) authorizing monetary relief for small and minority businesses as well as arts organizations. SB20B-001 provides $37 million for direct relief payments to small businesses located in a county that is subject to, and in compliance with, severe capacity restrictions pursuant to a public health order, with payments allocated to the counties for distribution to eligible small businesses, which businesses include restaurants, bars, movie theaters, and fitness and recreational sports centers. Larimer County is eligible and submitted the required application for consideration of allocation on January 4, 2021. To ensure efficient and timely disbursement of the funds, Larimer County (“County”) has requested that the City of Loveland, Town of Estes Park, and City of Fort Collins (City) each act as a “hub” to distribute funds to their community, adjacent communities, and adjacent portions of unincorporated county. The County’s chosen approach means that the City will receive unanticipated revenue to distribute and administer a Small Business Relief (SBR) program for its defined “hub” geography. The Ordinance appropriates the unanticipated revenue and the Resolution authorizes the execution of an agreement defining the City’s duties and terms of operation as a “hub.” Agenda Item 1 Item # 1 Page 2 The Economic Health Office (EHO) will lead this activity for the Fort Collins “hub.” Currently, a draft of the Intergovernmental Agreement (IGA) between the City and County is not available. However, the key terms of the proposed agreement will generally be as follows, with more specific agreement language to be developed after further legal review and refinement: • Larimer County will distribute funds to each of the hubs based on the number of applications received and processed by the hub for the SBR. • Larimer County will pass through 4.5 percent of the allowable 5.0 percent Administrative Costs to each hub for program administration. The 4.5 percent will be based on the total funding provided to each hub as described above. • The SBR application dates for Larimer County will be Wednesday, January 6, 2020 through close of business on Wednesday, January 27, 2020 for a total of 22 days. • Representatives from the three hubs and the County will meet Friday, January 29, 2021 to review the number of eligible applications and determine relief fund amounts for the three relief tiers (as outlined in the legislation). The goal is to provide each eligible business with the same amount of relief payment (within their relief tier) and to provide a consistent approach among the three hubs. • All three hubs will use the same application, collect the same documentation, and the same online grant management system. • Hubs are encouraged to retain applications that do not meet SBR eligibility but may have valid needs for SBR-like assistance if additional funds become available through other sources. • The Fort Collins hub would consist of Fort Collins, LaPorte, Livermore, Red Feather Lakes, Wellington, and Timnath (within Larimer County), as well as businesses in the unincorporated areas of the County around or between those communities. However, the geographic boundaries of the hubs need not be precise, as the applications from all three hubs will be considered as one pool and funding divided evenly regardless of which hub a business applied to. Based on preliminary estimates of available funds, the Ordinance appropriates the final award amount, up to $1.5 million, in unanticipated revenue from the County for the SBR. The city may use up to 4.5 percent of these funds for administrative costs, including staff time, online grant management software, communications and marketing, and other program related expenses. Overview of SB20B-001: Below is a brief overview of the SB20B-001: • $37 million apportioned for direct relief payments to small businesses within a limited set of industries. • Counties must apply by January 8, 2021 to receive an allocation of available money. • Up to 5% percent may be allocated for administrative costs. • Payment maximums: o Revenue less than $500,000 - up to $3,500 in assistance o Revenue of $500,000 up to $1.0 million - up to $5,000 in assistance o Revenue of $1.0 million up to $2.5 million - up to $7,000 in assistance • County must be under “severe” capacity restrictions as of December 31, 2020 (Level Red or greater) with those restrictions in effect since at least December 10, 2020 (Larimer County is eligible). • Eligible industries include restaurants, bars, breweries, caterers (including food trucks), movie theaters, fitness (gyms), and recreation sports centers (further details in the bill). • Additional business eligibility requirements: o Can provide current State license verifying legal operation in Colorado; o Headquarters must be in Colorado; o Demonstrate at least 20 percent revenue loss since March 26, 2020 (except businesses that began operations between January 1 and March 26, 2020); o Must have less than $2.5 million in revenue for 2019 and 2020 calendar year; o Have at least one full-time employee except sole proprietorship; o Began operating before March 26, 2020; and Agenda Item 1 Item # 1 Page 3 o Must comply with public health orders. • All funds must be distributed no later than February 12, 2021. CITY FINANCIAL IMPACTS City resources would increase by up to $1.5 million. These funds would be appropriated in the General Fund and disbursed in defined amounts to eligible and certified small businesses meeting the requirements of the SBR. Additionally, the City can use up to 4.5 percent of the allocated funds to offset administrative costs. Therefore, the net effect to the City’s budget will be zero. BOARD / COMMISSION RECOMMENDATION Small Business relief and recovery support is a priority of the Economic Advisory Commission (EAC), but no formal recommendation was sought for appropriation of these unanticipated revenues. ATTACHMENTS 1. Powerpoint Presentation (PDF) 01.12.2020 Small Business Relief: Appropriation & Agreement Josh Birks ATTACHMENT 1 Council Action Council is being asked to consider: 1.A R esolution Authorizing an Intergovernmental Agreement between the City and Larimer County for Funding and Administration of a Small Business Relief (SBR) Program 2.First Reading of an Ordinance Appropriating Unanticipated Revenue in the General Fund for a Small Business Relief Program to be Administered and Distributed by the Economic Health Office 2 Overview of Funding Source Colorado General Assembly passed SB20B-001: •Provides $37 million for direct relief payments to small businesses •Counties must apply, can use existing or new partnerships to distribute •County requested support of municipalities to distribute funds •County application is complete 3Bill enables a new Small Busines Relief (SBR) program Objectives: 1.Maximize Available Funds 2.Ensure consistency across the County 3.Deliver efficient and rapid deployment of the SBR 4 Hub Model Partners Together: •County applies for funds & manages reporting •Hubs support applicants and certify eligibility (per Bill) •County supports Spanish Language applicants •All Hubs & County agree on final payment amount by tier •Ensures consistent and fair process for all County businesses 5Fort Collins: LaPorte, Livermore, Red Feather, Timnath & Wellington Primary Eligibility Requirements §Ve rify legal operation in CO §At least 20 percent revenue loss since March 26, 2020 §Less than $2.5 million in revenue (2019 & 2020) §Have at least 1 employee (except sole proprietors) §Began operations prior to March 26, 2020 §In compliance with all public health orders 6No subjectivity; Applicants eligibility based on documentation Key Dates •1/12 –First Reading on Ap propriation and Ag reement Au thorization (Tonight) •1/15 –State provides allocation •1/19 –Second Reading on Appropriation •1/27 –Business Applications Due •1/29 –Finalize payment amounts •2/12 –Al l payments must be distributed 7Bill requires applications to open for 21 days (1/6 to 1/27) Staff Recommendation Staff recommends adoption of the Resolution and Ordinance on First Reading 8 -1- RESOLUTION 2021-006 OF THE COUNCIL OF THE CITY OF FORT COLLINS AUTHORIZING AN INTERGOVERNMENTAL AGREEMENT BETWEEN THE CITY AND LARIMER COUNTY FOR FUNDING AND ADMINISTRATION OF A SMALL BUSINESS RELIEF PROGRAM WHEREAS, the City of Fort Collins is threatened with serious injury and damage, consisting of widespread human and economic impact caused by the Novel Coronavirus 2019 (COVID-19); and WHEREAS, on March 13, 2020, in order to undertake emergency measures to protect the life, health, safety and property of the citizens of the City and persons conducting business therein, and in order to attempt to minimize the loss of human life and the preservation of property, the City Manager, as the Director of the City's Office of Emergency Management, proclaimed a “local emergency” in accordance with Section 2-671(a)(1) of the City Code and activated the Emergency Operations Plan established pursuant to Section 2-673 of the City Code; and WHEREAS, the COVID-19 pandemic has had an unexpected and substantial impact on health risks for City residents, the social structures in the community, the economic wellbeing of the business community, and the services provided by the City in response; and WHEREAS, the prevention and management of exposure to COVID-19 and mitigation of related social, economic, and other impacts of all kinds continue to require emergency action by the City; and WHEREAS, the City Council has, with the adoption of Resolution 2020-030, extended the City Manager's proclamation of local emergency; and WHEREAS, the State of Colorado declared its first Emergency Disaster Declaration related to COVID-19 on March 11, 2020; and WHEREAS, the Colorado General Assembly, as part of a special session in December 2020, approved Senate Bill 20B-001 (“SB20B-001”), authorizing monetary relief for small and minority businesses as well as arts organizations, which Bill was signed by the Governor on December 7, 2020; and WHEREAS, SB20B-001 provides $37 million in state funds for direct relief payments to small businesses located in a county that is subject to, and in compliance with, severe capacity restrictions pursuant to a public health order, with payments allocated to the counties for distribution to eligible small businesses, including restaurants, bars, movie theaters, and fitness and recreational sports centers; and WHEREAS, Larimer County (the “County”) is eligible to receive funding and submitted the required application for consideration of allocation on January 4, 2021; and WHEREAS, the County has asked the City, the City of Loveland, and Town of Estes Park to each act as a “hub” to distribute funds to their community, adjacent communities, and -2- adjacent portions of the unincorporated county, which means the City will receive unanticipated revenue to distribute and administer a Small Business Relief (SBR) program for its defined “hub” geography; and WHEREAS, to establish a uniform process for administration of the SBR, the County intends to enter into a separate intergovernmental agreement (IGA) with each hub; and WHEREAS, the proposed IGA between the City and the County has not yet been prepared; however, the IGA will include the following key provisions: • Larimer County will distribute funds to each of the hubs based on the number of applications received and processed by the hub for the SBR. • Larimer County will pass through to the hubs 4.5 percent of the allowable 5 percent the County allotted for administrative costs for program administration, with the 4.5 percent based on the total funding provided to each hub as described above. • The SBR application dates for Larimer County will be Wednesday, January 6, 2020 through close of business on Wednesday, January 27, 2020 for a total of 22 days. • Representatives from the three hubs and the County will meet Friday, January 29, 2021 to review the number of eligible applications and determine relief fund amounts for the three relief tiers (as outlined in the legislation). • The goal is to provide each eligible business with the same amount of relief payment (within their relief tier) and to provide a consistent approach among the three hubs. • All three hubs will use the same application, collect the same documentation, and use the same online grant management system. • Hubs are encouraged to retain applications that do not meet SBR eligibility but may have valid needs for SBR-like assistance if additional funds become available through other sources. • The Fort Collins hub would consist of Fort Collins, LaPorte, Livermore, Red Feather Lakes, Wellington, and Timnath (within Larimer County), as well as businesses in the unincorporated areas of the County around or between those communities. However, the geographic boundaries of the hubs need not be precise, as the applications from all three hubs will be considered as one pool and funding divided evenly regardless of the hub to which a business has applied; and WHEREAS, pursuant to Colorado Revised Statutes Section 29-1-203, governments may cooperate or contract with one another to provide any function or service lawfully authorized to each of the cooperating or contracting units of government; and WHEREAS, the City Council has determined that it is in the best interests of the City that the City Manager be authorized to execute an IGA between the City and the County in support of the SBR as described in this Resolution. -3- NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That the City Council hereby makes and adopts the determinations and findings contained in the recitals set forth above. Section 2. That the City Council hereby authorizes the City Manager to execute an intergovernmental agreement between the City and the County consistent with this Resolution, for the purpose of administering a small business assistance program using funds provided by the State of Colorado pursuant to SB20B-001, including such terms and conditions as the City Manager, in consultation with the City Attorney, determines to be necessary and appropriate to protect the interests of the City or further the purposes of this Resolution. Passed and adopted at a regular meeting of the Council of the City of Fort Collins this 12th day of January, A.D. 2021. _________________________________ Mayor ATTEST: _____________________________ City Clerk -1- ORDINANCE NO. 017, 2021 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING UNANTICIPATED REVENUE IN THE GENERAL FUND FOR A SMALL BUSINESS RELIEF PROGRAM TO BE ADMINISTERED AND DISTRIBUTED BY THE ECONOMIC HEALTH OFFICE WHEREAS, the City of Fort Collins is threatened with serious injury and damage, consisting of widespread human and economic impact caused by the Novel Coronavirus 2019 (COVID-19); and WHEREAS, on March 13, 2020, in order to undertake emergency measures to protect the life, health, safety and property of the citizens of the City and persons conducting business therein, and in order to attempt to minimize the loss of human life and the preservation of property, the City Manager, as the Director of the City's Office of Emergency Management, proclaimed a “local emergency” in accordance with Section 2-671(a)(1) of the City Code and activated the Emergency Operations Plan established pursuant to Section 2-673 of the City Code; and WHEREAS, the COVID-19 pandemic has had an unexpected and substantial impact on health risks for City residents, the social structures in the community, the economic wellbeing of the business community, and the services provided by the City in response; and WHEREAS, the prevention and management of exposure to COVID-19 and mitigation of related social, economic, and other impacts of all kinds continue to require emergency action by the City; and WHEREAS, the City Council has, with the adoption of Resolution 2020-030, extended the City Manager's proclamation of local emergency; and WHEREAS, the State of Colorado declared its first Emergency Disaster Declaration related to COVID-19 on March 11, 2020; and WHEREAS, the Colorado General Assembly, as part of a special session in December 2020, approved Senate Bill 20B-001 (“SB20B-001”), authorizing monetary relief for small and minority businesses as well as arts organizations, which Bill was signed by the Governor on December 7, 2020; and WHEREAS, SB20B-001 provides $37 million in state funds for direct relief payments to small businesses located in a county that is subject to, and in compliance with, severe capacity restrictions pursuant to a public health order, with payments allocated to the counties for distribution to eligible small businesses, including restaurants, bars, movie theaters, and fitness and recreational sports centers; and WHEREAS, Larimer County (the “County”) is eligible to receive funding and submitted the required application for consideration of allocation on January 4, 2021; and WHEREAS, the County has asked the City, the City of Loveland, and Town of Estes Park to each act as a “hub” to distribute funds to their community, adjacent communities, and adjacent portions of the unincorporated county, which means the City will receive unanticipated -2- revenue to distribute and administer a Small Business Relief (SBR) program for its defined “hub” geography; and WHEREAS, SB20B-001 requires that all funds be distributed to businesses by no later than February 12, 2021; and WHEREAS, the precise amount of funds the City will need to receive, appropriate and distribute will not be known until January 29, 2021, but in order to meet the February 12 deadline for distribution of funds the City cannot wait until the funding amount is known to begin the process of appropriating the funds for expenditure; therefore, staff is requesting that the Council appropriate up to $1.5 million in unanticipated revenue, recognizing that the actual amount of funds available for appropriation will depend on the amount of funds received from the County; and WHEREAS, this appropriation benefits public health, safety and welfare of the citizens of Fort Collins and serves the public purpose of assisting the overall community recovery from the COVID-19 pandemic; and WHEREAS, Article V, Section 9, of the City Charter permits the City Council to make supplemental appropriations by ordinance at any time during the fiscal year, provided that the total amount of such supplemental appropriations, in combination with all previous appropriations for that fiscal year, does not exceed the current estimate of actual and anticipated revenues to be received during the fiscal year; and WHEREAS, the City Manager has recommended the appropriation described herein and determined that this appropriation is available and previously unappropriated from the General Fund and will not cause the total amount appropriated in the General Fund to exceed the current estimate of actual and anticipated revenues to be received in that fund during any fiscal year. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That the City Council hereby makes and adopts the determinations and findings contained in the recitals set forth above. Section 2. That there is hereby appropriated upon receipt from unanticipated revenue in the General Fund the sum of ONE MILLION FIVE HUNDRED THOUSAND DOLLARS ($1,500,000), subject to receipt from Larimer County, for distribution by the Economic Health Office to eligible and certified small businesses as part of the Small Business Relief Program and for use by the Economic Health Office to offset administrative costs driven by the Program. -3- Introduced, considered favorably on first reading, and ordered published this 12th day of January, A.D. 2021, and to be presented for final passage on the 19th day of January, A.D. 2021. __________________________________ Mayor ATTEST: _______________________________ City Clerk Passed and adopted on final reading on the 19th day of January, A.D. 2021. __________________________________ Mayor ATTEST: _______________________________ City Clerk