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Type:
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Resolution
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Status:
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Passed
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On agenda:
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9/1/2022
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Final action:
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9/1/2022
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Title:
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County Executive - Amend an agreement with Community Capital New York, Inc., to administer payments to grantees under the Business FIRST and the Launch1000 programs for local businesses and nonprofits, in order to: i) reduce the amount to be transferred to Community Capital New York by $15,223,590, from a total amount of $17,223,590 to a new total amount of $2,000,000; ii) extend the term of the agreement for a period of seven (7) months from 1/1/23 - 7/31/23 for the distribution of approximately $802,600 of unspent funds to grantees who qualify for the Launch1000 program only; iii) increase the fee to be paid to Community Capital New York by an amount of $125,000, payable with unspent funds, for a total not to exceed amount under the contract of $398,590, payable pursuant to a revised payment schedule; iv) revise the scope of services to add new task milestones and payment schedule, as set forth in Schedule "A-1" and made a part hereof; and v) revise the source of funding reflected in...
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Attachments:
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1. RESA95538.pdf
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title
County Executive - Amend an agreement with Community Capital New York, Inc., to administer payments to grantees under the Business FIRST and the Launch1000 programs for local businesses and nonprofits, in order to: i) reduce the amount to be transferred to Community Capital New York by $15,223,590, from a total amount of $17,223,590 to a new total amount of $2,000,000; ii) extend the term of the agreement for a period of seven (7) months from 1/1/23 - 7/31/23 for the distribution of approximately $802,600 of unspent funds to grantees who qualify for the Launch1000 program only; iii) increase the fee to be paid to Community Capital New York by an amount of $125,000, payable with unspent funds, for a total not to exceed amount under the contract of $398,590, payable pursuant to a revised payment schedule; iv) revise the scope of services to add new task milestones and payment schedule, as set forth in Schedule “A-1” and made a part hereof; and v) revise the source of funding reflected in the agreement from American Rescue Plan Act funding and County tax dollars to County tax dollars only.
body
G. Latimer
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