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Agenda Item

2.11 20-0584 Subject: Equity Act Grant Funding From: Office Of The City Administrator Recommendation: Adopt A Resolution Amending Resolution Numbers 88030 C.M.S. And 88162 C.M.S., Which Among Other Things Authorized The Acceptance And Appropriation Of One-Million, Six-Hundred And Fifty-Seven Thousand, Two-Hundred And One Dollars And Sixty-Five Cents ($1,657,201.65) In State Of California, Equity Act Grant Funding, And Six Million, Five Hundred Seventy-Six Thousand Seven Hundred And Five Dollars And Seventy-Six Cents ($6,576,705.76) In State Of California, Office Of The Governor "Go-Biz" Equity Act Grant Funds To: Authorize The City Administrator Or His Designee To Award Said Grant Funds To Local Equity Licensees And Applicants To Be Determined And Without Return To City Council: (A) In An Amount Up To Fifty Thousand Dollars ($50,000) Per Grant To Fund The Recruitment, Training, And Retention Of A Qualified And Diverse Workforce; And (B) At A Cumulative Grant Amount For The Above-Mentioned Awards Not To Exceed One Million Dollars ($1,000,000)