TO: Honorable Mayor & Members of the North Port Commission
FROM: Jason Yarborough, ICMA-CM, Interim City Manager
TITLE: Approve the Funding Agreement Between Sarasota County, Florida and the City of North Port, Florida for the Sarasota CARES Program Reimbursement
Recommended Action
Approve the Funding Agreement Between Sarasota County, Florida and the City of North Port, Florida for the Sarasota CARES Program Reimbursement.
Background Information
The Coronavirus Disease 2019 (“COVID-19”) is an infectious acute respiratory illness capable of spreading rapidly among humans and capable of causing severe illness and death; and on March 27, 2020, the President of the United States signed into law the Coronavirus Aid, Relief, and Economic Security Act, Public Law 116-136, hereinafter referred to as the “CARES Act”, to facilitate the provision of federal assistance and relief in response to the COVID-19 pandemic.
Title V of the CARES Act established the “Coronavirus Relief Fund” and appropriated $150 billion in such fund for Fiscal Year 2020 to provide direct assistance to state, tribal, territorial, and local governments to fund certain necessary and allowable expenses incurred due to the public health emergency with respect to COVID-19.
On June 10, 2020, the Governor of the State of Florida announced that the State would disburse up to $1.275 billion in Coronavirus Relief Funds to counties with a population below 500,000 using a phased approach through the Florida Division of Emergency Management, herein referred to as “FDEM”.
On July 23rd, 2020, the County and FDEM entered into FDEM CARES Act Funding Agreement No. Y2263 providing Coronavirus Relief Funds to the County either directly or on a reimbursement basis and pursuant to which the County may provide financial assistance to those individuals and entities impacted by the COVID-19 pandemic.
On October 1st, 2020, the County, in recognizing the financial impacts of COVID-19 on the public sector entities within Sarasota County, established an allocation of financial assistance for these public sector entities to receive reimbursement from County of certain COVID-19 related expenses as established through the Sarasota CARES Program.
Subject to the terms and conditions of this Agreement, the COUNTY shall pay the CITY, on a cost reimbursement basis, up to a maximum of Two Million Twenty-Two Thousand Six Hundred Ninety-Four Dollars and Zero Cents ($2,022,694.00) under this Agreement for eligible and allowable costs.
The agreement has been reviewed by Legal for form and correctness.
Strategic Plan
Efficient and Effective Government
Financial Impact
If approved, the City will receive a $2,022,694 reimbursement of expenditures previously incurred. The funds received under this agreement will be unrestricted in use. A budget amendment will be required prior to the expenditure of any portion of this reimbursement in the current fiscal year.
Procurement
N/A
Attachments:
1. Sarasota CARES Funding Agreement
Prepared by: Keith Raney, Contract Administrator II
Department Director: Kimberly Ferrell, Finance Director