The unprecedented COVID-19 global pandemic is creating extreme financial hardship on both residents and businesses in our city.  The City Commission asked staff to propose a financial relief package to help residents and businesses through this time of need.

While the total impact will not be known for some time attached is a proposed community assistance program that addresses several needs that we know will exist.

The CRA portion of the support program is $525,000 and covers four areas:  A micro-loan program for businesses within the CRA, a utility assistance program for businesses within the CRA, a utility assistance program for residents within the CRA and a food assistance program for residents within the CRA.

See attachments for details of the proposals along with new CRA Financial Projection Scenarios.