File #: 24-1421    Version: 1 Name:
Type: Other Business Status: Agenda Ready
File created: 10/7/2024 In control: City Council
On agenda: 10/22/2024 Final action:
Title: Discussion and action on a Resolution authorizing the City Manager to execute a Subrecipient Agreement by and between the City of El Paso and Borderplex Community Capital, Inc. ("BCC"), providing $200,000 to BCC to administer ARPA Act funds to establish the BCC Interest Buy Down Program which is designed to provide small businesses affected by the COVID-19 pandemic with comprehensive support and access to affordable capital at a reduced interest rate to 2%.
Attachments: 1. ED - ARPA Subrecipient Agreement with Borderplex Community Capital, 2. BCC- City of El Paso Contribution and Donations Disclosure Form, 3. CC 71 72 73 - BCC, JA
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CITY OF EL PASO, TEXAS

LEGISTAR AGENDA ITEM SUMMARY FORM

 

 

DISTRICT, DEPARTMENT, CONTACT INFORMATIOn:

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Details

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Economic and International Development, Mirella Tamayo, (915) 212-1617

Economic and International Development, Karina Brasgalla, (915) 212-0094

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AGENDA LANGUAGE:

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Title

Discussion and action on a Resolution authorizing the City Manager to execute a Subrecipient Agreement by and between the City of El Paso and Borderplex Community Capital, Inc. ("BCC"), providing $200,000 to BCC to administer ARPA Act funds to establish the BCC Interest Buy Down Program which is designed to provide small businesses affected by the COVID-19 pandemic with comprehensive support and access to affordable capital at a reduced interest rate to 2%.

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