LEGISLATIVE ACTION ITEM
SPONSOR: Grover C. Robinson, IV, Mayor
Delarian Wiggins, Council Vice President
SUBJECT:
title
TRANSFER OF AMERICAN RESCUE PLAN ACT (ARPA) FROM VARIOUS PROJECTS TO FUND THE STUDER COMMUNITY INSTITUTE’S INITIATIVE “THE SPRING”
RECOMMENDATION:
recommendation
That City Council authorize the Mayor to transfer funds within the American Rescue Plan Act (ARPA) Fund to provide funding for expenses the Studer Community Institute’s initiative called “The Spring.”
end
body
HEARING REQUIRED: No Hearing Required
SUMMARY:
The Spring Entrepreneur Hub exists to empower, connect and grow small businesses in the Pensacola area, serving as the front door to our community’s entrepreneurial ecosystem. The Spring focuses on three key areas-mentorship, connection to resources, and scaling/acceleration - to bring unprecedented structure and aid to local small businesses in our area.
Funding will enable The Spring to continue to assist entrepreneurs to grow, scale and expand businesses. With this growth comes the addition/creation of new jobs. Funding from the City will be vital to the Institute’s work serving entrepreneurs and businesses and would allow research and education into the landscape of the minority business community.
PRIOR ACTION:
June 17, 2021 - City Council appropriated funding in relation to ARPA for the recovery of revenue loss, grant compliance and administration and facility improvements.
July 15, 2021 - City Council appropriated funding in relation to ARPA for premium pay and employee vaccination incentive pay.
August 12, 2021 - City Council appropriated funding in relation to ARPA for the design and construction of the skateboard park at the Hollice T. Williams Park.
August 12, 2021 - City Council appropriated funding in relation to ARPA for Stormwater, Drainage, and Sewer Abatement and Citizen Assistance.
November 18, 2021 - City Council appropriated funding in relation to premium pay for City employees.
February 10, 2022 - City Council transferred $150,000 from the Marina project for the closure of the I-110 camp.
May 12, 2022 - City Council transferred $127,000 from a Marina project to the Baylen Slip project and adopted a Supplemental Budget Amendment resolution affecting the same.
July 21, 2022 - City Council transferred $211,475 from the Scenic Highway land purchase project to fund 50% of a restroom facility on Palafox.
FUNDING:
|
From: |
|
|
|
Scenic Hwy Land Purchase |
10,565.00 |
|
|
II10 Encampment |
27,675.00 |
|
|
Premium Pay |
7,140.00 |
|
|
Employee Vaccine Program |
611.00 |
|
|
Phone Improvement for Meetings |
29,009.00 |
|
|
Total |
$75,000.00 |
|
|
|
|
|
To: |
|
|
|
Studer Institute "The Spring" |
75,000.00 |
|
|
Total |
$75,000.00 |
FINANCIAL IMPACT:
Funding will be moved from the completed or outdated projects to fund $75,000 for The Spring.
STAFF CONTACT:
Kerrith Fiddler, City Administrator
Amy Miller, Assistant City Administrator
Amy Lovoy, Finance Director
ATTACHMENTS:
None
PRESENTATION: No