Title
Consider a memorandum/resolution authorizing the City Manager to negotiate and execute contracts with selected recipients for the North Killeen Downtown Start-Up Program.
Summary
DATE: July 12, 2022
TO: Kent Cagle, City Manager
FROM: Danielle Singh, Assistant City Manager
SUBJECT: North Killeen Downtown Start-Up Program Contracts
BACKGROUND AND FINDINGS:
The City Council allocated American Rescue Plan Act Funds to make assistance available to Killeen entrepreneurs interested in starting or expanding businesses within the North Killeen Downtown Area. This program is intended to build stronger communities and allow more access to economic opportunities in the areas of Killeen that were disproportionately impacted by the coronavirus pandemic.
Applications were received from February 1, 2022 to April 13, 2022. The City Council reviewed applications on May 18, 2022 and selected nine applications to move forward for further consideration. The City Council directed staff to meet with these nine applicants and asked for additional information to be provided at a later date.
On July 5, 2022, the City Council directed staff to prepare a resolution to allow the City Manager to negotiate and execute contracts with seven applicants in the following amounts:
Business
Funding Request
Twice as Funny
$306,000
Let's Eat Texas
$89,000
Space Create
$128,578
Khaniesiology
$95,000
Aromas Cigar Lounge
$239,953
Rincon de Panama
$87,500
Braids and Brows by Chris
$19,781
THE ALTERNATIVES CONSIDERED:
1. Do not authorize the City Manager to negotiate and execute contracts.
2. Authorize the City Manager to negotiate contracts but bring back to the City Council for final approval.
3. Authorize the City Manager to negotiate and execute contracts with some or all applicants and/or change the amounts authorized.
4. Authorize the City Manager to negotiate and execute contracts with the applicants in the amounts specified.
Which alternative is recommended? ...
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