Title
RESOLUTION NO. 21R-08-166: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LAUDERHILL APPROVING THE SHUTTERED VENUE OPERATIONS GRANT (SVOG) AGREEMENT WHICH PROVIDES FOR THE AWARD IN THE AMOUNT OF $438,313.00 FROM THE U.S. SMALL BUSINESS ADMINISTRATION TO COVER OPERATIONAL AND CAPITAL COSTS FOR THE LAUDERHILL PERFORMING ARTS CENTER AS A QUALIFYING THEATER WHICH SUFFERED LOST REVENUES DUE TO COVID-19; APPROVING THE APPROPRIATION OF SAID FUNDS; PROVIDING FOR AN EFFECTIVE DATE (REQUESTED BY CITY MANAGER, DESORAE GILES-SMITH).
Body
Request Action:
Pass a Resolution to approve the Shuttered Venue Operators Grant (SVOG) Agreement with the grant award in the amount of $438,313.00.
Need:
The shuttered Venue Operators Grant provides payroll and operational funding based on the Lauderhill Performing Art Center (LPAC) loss of revenue due to COVID-19.
Summary Explanation/ Background:
The Shuttered Venue Operators Grant program is Section 324 of the Economic Aid to Hard-Hit Small businesses, nonprofits and Venues Act signed into law on December 27, 2020 and will be administered by the Small Business Administration (SBA). The City of Lauderhill's allocation of $438,313.00 can provide funds for payroll retroactive to March 1, 2020, equipment, and operational expenditures such as advertising and capital. It can be applied to cover LPAC operational and capital costs for theaters effected by COVID.
Attachments:
1. Shuttered Venue Operators Grant Agreement No.: SBAHQ21SV013951
2. Grant application
Cost Summary/ Fiscal Impact:
$438,313.00
Estimated Time for Presentation:
Master Plan:
Goal 1: Clean, Green Sustainable Environment
[ ] Increase mass transit ridership [ ] Reduce City energy consumption
[ ] Reduce water consumption
Goal 2: Safe and Secure City of Lauderhill
[ ] Crime in lower 50% in Broward [ ] Residents feel safe in neighborhood
[ ] Reduce emergency fatalities
Goal 3: Open Spaces and Active Lifestyle for all ages
[ ] Increase partic...
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