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File #: RS2020-629    Version: 1 Name:
Type: Resolution Status: Passed
File created: 10/28/2020 In control: Metropolitan Council
On agenda: 11/5/2020 Final action: 11/5/2020
Title: A resolution accepting the recommendations of the COVID-19 Financial Oversight Committee to distribute $2,000,000.00 in CARES Act funds from the COVID-19 Pandemic Fund No. 30099 to provide grants to nonprofit arts organizations.
Sponsors: Jennifer Gamble, Nancy VanReece
Attachments: 1. RS2020-629
title
A resolution accepting the recommendations of the COVID-19 Financial Oversight Committee to distribute $2,000,000.00 in CARES Act funds from the COVID-19 Pandemic Fund No. 30099 to provide grants to nonprofit arts organizations.
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WHEREAS, on June 16, 2020, the Metropolitan Council passed Substitute Ordinance BL2020-286, the budget ordinance for the Metropolitan Government for Fiscal Year 2021, which was subsequently signed into law by Mayor John Cooper on June 17, 2020; and
WHEREAS, Substitute Ordinance BL2020-286 established a COVID-19 Financial Oversight Committee ("the Committee") to collect, consider, and recommend appropriate uses of all federal and state funds provided to the Metropolitan Government specifically for COVID-19 relief and recovery, including but not limited to, federal CARES Act funds, and to submit its initial recommendations to the Mayor, the Director of Finance, and the Metropolitan Council not later than August 3, 2020; and
WHEREAS, there are federal requirements for use of CARES Act funds that require that these funds be used or distributed on or before December 30, 2020; and,
WHEREAS, Metro Council previously approved resolutions to designate use of federal CARES funds, including RS2020-478 to provide mortgage, rent, and utilities relief; RS2020-500 to provide food assistance; RS2020-515 to provide financial assistance to live music venues; and RS2020-516 to provide financial assistance and technical support to small businesses; and,
WHEREAS, the Committee recognizes that Nashville nonprofit arts organizations have been substantially impaired during the pandemic and that these organizations require funding to reestablish operations; and,
WHEREAS, the Committee recognizes that the continued operation of these organizations is immediate and critical, as arts organizations provide substantial employment and have a significant economic impact on the city of Nashville; and,
WHEREAS, the Committee has determined that $2,000,000.00 ...

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