City of Racine - File #: 0209-20

• File #: 0209-20
• Version: A
• Name: Subject: (Direct Referral) Communication sponsored by Mayor Mason submitting an additional Small Business Emergency Fund for consideration.
• Type: Communication
• Status: Passed
• File created: 4/17/2020
• In control: Mayor's Office
• Final action: 4/20/2020
• Title: Subject: (Direct Referral) Communication sponsored by Mayor Mason submitting an additional Small Business Emergency Fund for consideration. Recommendation of Mayor Mason: That the Common Council approve an additional Small Business Emergency Fund. Fiscal Note: The Small Business Emergency Fund is a forgivable loan program created for businesses under distress from the recession caused by the COVID-19 pandemic, funded by the City with $650,000. $500,000 is available from the Sanitary Sewer Surcharge Fund, Account 40101 52420. $150,000 is available from the Room Tax Fund, Account Number 22860 52460.

Date	Ver.	Action By	Action	Result
4/20/2020	A	Common Council	Approved as Presented	Pass

Title

Subject: (Direct Referral) Communication sponsored by Mayor Mason submitting an additional Small Business Emergency Fund for consideration.

Recommendation of Mayor Mason: That the Common Council approve an additional Small Business Emergency Fund.

Fiscal Note: The Small Business Emergency Fund is a forgivable loan program created for businesses under distress from the recession caused by the COVID-19 pandemic, funded by the City with $650,000. $500,000 is available from the Sanitary Sewer Surcharge Fund, Account 40101 52420. $150,000 is available from the Room Tax Fund, Account Number 22860 52460.