Asbury Park
NJ

Resolution
2020-185

Resolution Authorizing the City Manager to Execute an Agreement with Community Loan Fund Of New Jersey, Inc. Relating to The Use of Certain Funding Provided by The City of Asbury Park Urban Enterprise Zone Program, Inc.

Information

Department:City ClerkSponsors:
Category:Agreement

Body

 

WHERAS, the Mayor and Council of the City of Asbury Park wish to provide authorization for the City Manager to execute the attached Agreement with the Community Loan Fund of New Jersey, Inc. (the “CLFNJ”), relating to the use of certain funding previously provided by the Asbury Park Urban Enterprise Zone Program, Inc,; and

WHEREAS, the within Agreement will expand the scope of the permissible uses for the funds to include the provision of support for businesses located in Asbury Park that have been negatively impacted by the COVID-19 pandemic and which have received funding under CLFNJ's Garden State Release Fund, as well as to include other future needs of the City of Asbury Park.

 

NOW, THEREFORE, BE AND IT IS HEREBY RESOLVED, by the Mayor and Council of the City of Asbury Park, in the County of Monmouth and State of New Jersey, as follows:

1.  That the City Manager is hereby authorized to execute the attached Agreement with the CLFNJ for the purposes referenced above.

2.  That a certified copy of this resolution shall be provided to each of the following:


a. Donna Vieiro, City Manager;
b. JoAnn Boos, CFO; and
c. Frederick C. Raffetto, Esq., City Attorney.