Memorandum
Date: August 20, 2024
To: The Honorable Lake County Board of Supervisors
From: Susan Parker, County Administrative Officer
Subject: Public Hearing - Consideration of Closing of the CDBG Lake County Business Assistance Revolving Loan Fund
Executive Summary:
The County of Lake was awarded a CDBG CV-1 grant in the amount of $202,859.00 under contract number 20-CDBG-CV1-00106. The funding was to support local for-profit businesses recovering from the effects of the COVID 19 pandemic. The county contracted with Community Development Services (CDS) to implement the loan program. Two loans were approved by the loan committee, Upper Lake Grocery received funds in the amount of $175,000, retaining 8 jobs, A/T Wanzer Grading & Excavating received funds in the amount of $210,000, of which $2,859 was the remaining CV-1 funds, the remainder of funds were issued through the CV2-3 grant, A/T Wanzer retained 6 jobs. In all, 14 jobs were retained by the allocated funding. The CDBG CV-1 Grant funds have been fully utilized, staff recommends closing out grant 20-CDBG CV-1-00106.
If not budgeted, fill in the blanks below only:
Estimated Cost: ________ Amount Budgeted: ________ Additional Requested: ________ Future Annual Cost: ________
Purchasing Considerations (check all that apply): ? Not applicable
? Fully Article X.- and/or Consultant Selection Policy-Compliant (describe process undertaken in "Executive Summary")
? Section 2-38 Exemption from Competitive Bidding (rationale in "Executive Summary," attach documentation, as needed)
? For Technology Purchases: Vetted and Supported by the Technology Governance Committee ("Yes," if checked)
? Other (Please describe in Executive Summary)
Consistency with Vision 2028 (check all that apply): ? Not applicable
? Well-being of Residents ? Public Safety ? Disaster Prevention, Preparedness, Recovery
? Economic Development ? Infrastructure ? County Workforce
? Community Collaboration ? Business Process Effic...
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