CDBG DOWNSTATE SMALL BUSINESS STABILIZATION …



CDBG DOWNSTATE SMALL BUSINESS STABILIZATION PROGRAMPERFORMANCE PUBLIC HEARINGMonday, March 22, 2021Paris Mayor Craig Smith called the Public Hearing to order at 5:15 p.m. on Monday, March 22, 2021 at Paris City Hall, 206 South Central Street, Paris, Illinois. The Mayor explained that that the purpose of the hearing was to review and discuss the outcome of three Downstate Small Business Stabilization Program grants that had been approved and funded by the Department of Commerce and Economic Development (DCEO). Inasmuch as the total amount of funds approved for the projects had been received by the City and disbursed to the respective businesses it was necessary to conduct this public hearing as part of the CDBG program close-out requirements.The Mayor asked Michael Martin, City Administrator to provide information about the three specific businesses assisted through this program and the use of funds for each and he provided the following:Andrew’s at the Westbrook Farm—Grant funds in the amount of $20,000 disbursed as per check 091048 dated February 8, 2021. Funds were used for working capital that included utilities, insurance, accounting fees and operating expenses.KurlyQ—Grant funds in the amount of $25,000 were disbursed on as per check 091070 dated February 22, 2021. Funds were used for working capital that included inventory, supplies, utilities and communication providers.Tom’s Fitness and Martial Arts—Grant funds in the amount of $25,000 were disbursed as per check 090882 dated January 25, 2021. Funds were used for working capital that included utilities, occupancy costs, insurance, advertising, supplies and payroll.The grant funds were paid to the recipients with a City of Paris check and the City was reimbursed with the CDBG funds. When received, the CDBG funds were deposited into a separate non-interest bearing account.All three entities are currently in business and operating based on COVID protocol and State and Federal guidelines.There was no further discussion and Mayor Smith adjourned the public hearing at _5:20PM____.Respectfully submitted:Brooke Newhart, City ClerkCity of Paris, Illinois ................
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