CITY of ALBUQUERQUE
TWENTY FOURTH COUNCIL
COUNCIL BILL NO. R-20-92 ENACTMENT NO. ________________________
SPONSORED BY: Brook Bassan and Trudy E. Jones
RESOLUTION
APPROVING FISCAL YEAR 2021 APPROPRIATIONS TO PROVIDE ECONOMIC RELIEF TO SMALL AND LOCAL FOR-PROFIT ORGANIZATIONS NEGATIVELY IMPACTED BY THE COVID-19 PANDEMIC THROUGH THE CORONAVIRUS, AID, RELIEF, AND ECONOMIC SECURITY ACT (CARES Act).
WHEREAS, on March 11, 2020, Governor Michelle Lujan Grisham issued Executive Order 2020-004, Order Declaring a State of Public Health Emergency relating to the spread of COVID-19, which order has been extended and amended through subsequent related orders by the Governor and New Mexico Department of Health (the "Public Health Orders"); and
WHEREAS, in the subsequent weeks these orders, among other things, operated to limit public gatherings and required non-essential businesses to close or otherwise adjust or limit business activity; and
WHEREAS, on March 27, 2020, the President signed into law the U.S. Government's Phase 3 aid package to provide relief due to COVID-19 through the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act"); and
WHEREAS, the City of Albuquerque received a direct payment of federal funds as established in Section 5001 of the CARES Act; and
WHEREAS, the funding will be used to cover costs incurred due to the public health emergency with respect to COVID-19 for the period beginning March 1, 2020 through December 30, 2020; and
WHERAS, the CARES Act funding allows for economic assistance to small businesses impacted by the public health emergency to include grants to small businesses to reimburse the costs of business interruption caused by required closures; and
WHEREAS, the City of Albuquerque received a direct payment of $150,364,461 through the CARES Act which was accepted by the City Council through Resolution R-20-34 and appropriated to the Operating Grant Fund (265) for Fiscal Y...
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