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SUBJECT: RESOLUTION NO. 60, SERIES 2020 <br />DATE: AUGUST 11, 2020 PAGE 3 OF 3 <br />form of an approved program and compare funding opportunities with its other Work <br />Plan opportunities. <br />FISCAL IMPACT: <br />The Economic Vitality Committee recommends an initial funding amount of $150,000 <br />from the City's General Fund. It is anticipated these program funds would be <br />reimbursable under the CARES Act. <br />PROGRAM/SUB-PROGRAM IMPACT: <br />The Recovery & Improvement Program is related to the sub -program objective to <br />maintain positive business relationships throughout the community and to retain a <br />diverse mix of businesses within Louisville. <br />RECOMMENDATION: <br />Staff recommends approval of the Resolution to launch Louisville's Recovery & <br />Improvement Program to support businesses in their re -opening and recovery efforts. <br />ATTACHMENTS: <br />1. Resolution <br />2. Form of Grant Agreement <br />3. Recovery & Improvement Program Application (Draft) <br />4. Presentation <br />El0Financial <br />Stewardship & <br />El <br />i Reliable Core Services <br />Asset Management <br />® <br />ITHIL <br />Vibrant Economic <br />❑ <br />_ Quality Programs & <br />Climate <br />Amenities <br />Aft <br />❑ <br />Engaged Community <br />❑ <br />Healthy Workforce <br />❑ <br />0 Supportive Technology <br />El• <br />Collaborative Regional <br />Partner <br />CITY COUNCIL COMMUNICATION <br />Agenda Packet P. 14 <br />