HomeMy WebLinkAbout10388ORDINANCE NO. 10388
AN ORDINANCE APPROVING A GRANT AGREEMENT
WITH THE CITIES FOR FINANCIAL EMPOWERMENT
FUND, INC. FOR THE FINANCIAL EMPOWERMENT
CENTER (FEC) IMPLEMENTATION GRANT PROGRAM,
AUTHORIZING THE MAYOR TO SIGN THE GRANT
AGREEMENT, ACCEPTING THE GRANT AWARD IN THE
AMOUNT OF $150,000, CREATING PROJECT NO. CI2315,
AND BUDGETING AND APPROPRIATING THE GRANT
FUNDS OF $150,000 AND MATCHING FUNDS OF $50,000
INTO PROJECT NO. CI2315
WHEREAS, the City Council of Pueblo has the authority on behalf of the City of
Pueblo to accept grants from non-profit funding organizations for public and municipal
purposes and to enter into agreements relating thereto; and
WHEREAS, the Cities for Financial Empowerment Fund, Inc.’s Financial
Empowerment Center Implementation Grant Program has tendered a Grant Agreement
including Terms and Conditions (the “Award”) in the amount of $150,000.00 to establish
a financial empowerment center, a municipally led and community organization
providing financial counseling services in Pueblo; and
WHEREAS, acceptance of the Award for the purposes for which it has been
made is in the best interest of the City and will benefit the health, welfare, and safety of
the citizens of the City; NOW, THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
The Grant Agreement between the City of Pueblo, a Municipal Corporation, and
the Cities for Financial Empowerment Fund, Inc. (the “Grant Agreement”), a true copy of
which is attached hereto, having been approved as to form by the City Attorney, is
hereby accepted and approved.
SECTION 2.
The Mayor is hereby authorized to execute the Grant Agreement on behalf of the
City of Pueblo, a Colorado Municipal Corporation, and the City Clerk is authorized to
affix the seal of the City thereto and attest the same.
SECTION 3.
Project No. CI2315 is hereby created.
SECTION 4.
Grant funds in the amount of $150,000.00 shall be accepted pursuant to the
Grant Agreement and budgeted and appropriated to Project No. CI2315.
SECTION 5.
Matching City funds in the amount of $50,000.00 shall be budgeted and
appropriated from ARPA Revenue Replacement funds available through Resolution No.
14854 to Project No. CI2315. Additional matching funds in the amounts of $50,000.00
from the Pueblo County Department of Human Services and $50,000.00 from the
Colorado Housing and Finance Authority have already been provided to the United Way
of Pueblo County, Colorado Inc. for the purpose of the Financial Empowerment Center
Implementation Grant Program.
SECTION 6.
The officers and staff of the City are hereby authorized to perform any and all
acts consistent with this Ordinance and the attached Grant Agreement to implement the
transactions described therein.
SECTION 7.
This Ordinance shall become effective on the date of final action by the Mayor
and City Council.
Action by City Council:
Introduced and initial adoption of Ordinance by City Council on February 13, 2023.
Final adoption of Ordinance by City Council on February 27, 2023 .
President of City Council
Action by the Mayor:
☒ Approved on February 28, 2023 .
□ Disapproved on based on the following objections:
Mayor
Action by City Council After Disapproval by the Mayor:
□ Council did not act to override the Mayor's veto.
□ Ordinance re-adopted on a vote of , on
□ Council action on _______ failed to override the Mayor’s veto.
President of City Council
ATTEST
Deputy City Clerk
City Clerk's Office Item # R4
Background Paper for Proposed
Ordinance
February 13, 2023
COUNCIL MEETING DATE:
TO: President Heather Graham and Members of City Council
CC: Mayor Nicholas A. Gradisar
VIA: Marisa Stoller, City Clerk
FROM: Nicholas Gradisar, Mayor
SUBJECT: AN ORDINANCE APPROVING A GRANT AGREEMENT WITH THE
CITIES FOR FINANCIAL EMPOWERMENT FUND, INC. FOR THE
FINANCIAL EMPOWERMENT CENTER (FEC) IMPLEMENTATION
GRANT PROGRAM, AUTHORIZING THE MAYOR TO SIGN THE
GRANT AGREEMENT, ACCEPTING THE GRANT AWARD IN THE
AMOUNT OF $150,000, CREATING PROJECT NO. CI2315, AND
BUDGETING AND APPROPRIATING THE GRANT FUNDS OF
$150,000 AND MATCHING FUNDS OF $50,000 INTO PROJECT NO.
CI2315
SUMMARY:
An Ordinance approving a grant agreement with the Cities for Financial Empowerment
Fund, Inc. for the financial empowerment center (FEC) implementation grant program,
authorizing the Mayor to sign the grant agreement, accepting the grant award in the
amount of $150,000, creating Project No. CI2315, and budgeting and appropriating the
grant funds of $150,000 and matching funds of $50,000 into Project No. CI2315
PREVIOUS COUNCIL ACTION:
City Council has previously approved ordinances accepting a CFE Fund Financial
Navigator grant, a CFE Fund City Start grant, and a CFE Fund Bank On Fellowship
grant from the Cities for Financial Empowerment Fund, Inc. City Council approved
Ordinance No. 9970 on July 26, 2021, approving the Cities for Financial Empowerment
Fund, Inc.’s Financial Empowerment Center Planning Grant Program, establishing
Project No. CI2110, and budgeting and appropriating the initial grant funds into Project
No. CI2110. This is a new grant and a separate project.
BACKGROUND:
Cities for Financial Empowerment Fund’s Financial Empowerment Center
Implementation Grant Program offers local governments $150,000.00 and extensive
technical assistance from the CFE Fund and their partners to create a Financial
Empowerment Center, which will provide Professional, one-on-one, municipally led,
and community organization-driven free financial counseling in Pueblo.
FINANCIAL IMPLICATIONS:
There are matching funds in the amount of $150,000 required for this grant, which have
been secured by the City of Pueblo and the FEC Provider, United Way of Pueblo
County.
$50,000 ARPA Revenue Replacement funds, available through Resolution No.
14854;
$50,000 Pueblo County Department of Human Services; and
$50,000 Colorado Housing and Finance Authority (CHFA).
This grant will require monitoring and auditing. This grant will provide funding to
establish a financial empowerment center to improve Pueblo families’ financial lives.
Upon passage of the Ordinance, the City of Pueblo will receive the entire $150,000.00
and work with the United Way of Pueblo County to establish the FEC. The total grant
budget will be $300,000.00.
BOARD/COMMISSION RECOMMENDATION:
Not applicable to this Ordinance.
STAKEHOLDER PROCESS:
Not applicable to this Ordinance.
ALTERNATIVES:
If the proposed Ordinance is not approved, the City of Pueblo will not receive the grant
funds.
RECOMMENDATION:
Approval of the Ordinance.
ATTACHMENTS:
1. FEC Implementation Grant Agreement