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|August 13, 2020 City Council Meeting|
46. Approval of a Resolution Authorizing the Execution of the Coronavirus Relief Fund Terms and Conditions Agreement
In an effort to mitigate the effects of COVID-19, the United States government has made available grant funding through the Coronavirus Relief Fund (CRF) to the State of Georgia, which was established within Section 601 of the Social Security Act, as added by Section 5001 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). Governor Brian Kemp has authorized the sharing of CRF allocations and disbursements in a phased, measured approach with local governments across the State of Georgia, including the City of Savannah. The Governor's Office of Planning and Budget (OPB) is currently coordinating with local governments to achieve allocation and disbursement of such CRF funding. The OPB and the State of Georgia require formal, official action of the City of Savannah Mayor and Aldermen so that the CRF funding may be disbursed to the City of Savannah. The City's phase I allocation totals $7,562,356 and must be spent by September 1, 2020 or the balance must be returned to the State of Georgia.
David Maxwell, CFO
$7,562,356 in CARES Act funding
Exhibit 1: Resolution - States CARES Act Funding.pdf