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IV. 4. Resolution Approving CARES Act Economic Assistance for Stages Theatre Company; BishopSeptember 15, 2020 Council Report 2020-060 RESOLUTION APPROVING ECONOMIC SUPPORT TO STAGES THEATRE COMPANY Proposed Action. Staff recommends that the Council approve the following motion: Motion to Approve Resolution 2020-047 Approving Economic Support to Stages Theatre Company. Overview: Due to the COVID-19 pandemic, Minnesota Governor Walz has issued needed executive orders that have impacted businesses and individuals. In recognition of these impacts staff is proposing a plan to provide economic support to Hopkins’ businesses and residents. The City has also received $1.485 million of Coronavirus Aid, Relief, and Economic Security (CARES) Act funding. The CARES funding must be used for eligible expenditures, including providing economic support to businesses and individuals. Stages Theatre Company provides live children’s theatre at the Center for the Arts. Performing Art businesses have been hit particularly hard by revenue losses associated with COVID 19 and emergency shutdowns. Live theatre poses significant additional challenges for audience size and the performers making social distancing very challenging to impossible to provide in a cost effective manner. Staff recommends authorizing the City Manager to create programs or enter into agreements for the following purpose: 1. The City will establish an Emergency Forgivable Loan Program directed to assist Stages Theatre Company. The City authorizes a total of up to $30,000 to be used for the loan program. Primary Issues to Consider: • CARES Act • Financial Impacts Supporting Information: • Resolution 2020-047 _________________________ Nick Bishop, Finance Director CARES Act The City has received a $1.485 million distribution of CARES act funding. A broad range of uses are permissible, which include medical expenses, public health expenses, payroll expenses, compliance with public health measures and economic support. Any expenses in these categories that are considered necessary due to COVID-19, not included in the City’s most recent budget and spent between March 1 and November 15 are eligible. Any unexpended funds will be transferred to Hennepin County Medical Center. Financial Impacts The resolution authorizes expenditures of $30,000 for economic support to Stages Theatre Company purposes within Hopkins. Staff believes that all expenditures are eligible for reimbursement. CITY OF HOPKINS HENNEPIN COUNTY, MINNESOTA RESOLTUION 2020-047 RESOLUTION APPROVING ECONOMIC SUPPORT TO STAGES THEATRE COMPANY WHEREAS, Novel Coronavirus Disease 2019, commonly known as “COVID-19,” which is a respiratory disease that can result in serious injury or death, is spreading globally and has been identified by the World Health Organization (“WHO”) as a pandemic; and WHEREAS, on March 13, 2020, President Donald Trump declared that the COVID-19 outbreak in the United States constitutes a National Emergency; and WHEREAS, on March 13, 2020, Governor Tim Walz declared a Peacetime State of Emergency to authorize any and all necessary resources to be used in support of the COVID-19 response; The Governor has subsequently issued 80 additional Executive Orders to combat the impacts of COVID-19 within the State of Minnesota, which have created a great deal of uncertainty and dramatically impacted local businesses and residents. WHEREAS, on March 16, 2020, the City of Hopkins declared that the COVID-19 pandemic constitutes a local emergency within the City of Hopkins, effective March 16, 2020, with all the powers and responsibilities attending thereto as provided in Minn. Stat. Ch. 12, and as otherwise provided for in the City of Hopkins’ Charter, City Code and Emergency Operations Plan (EOP); and WHEREAS, due to these needed actions and the pandemic, performing arts and live theatre has been greatly impacted by a significant loss of revenue and have caused Stages Theatre Company to experience financial and other hardships; and NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Hopkins, Minnesota, that: 1. The City will establish an Emergency Forgivable Loan Program directed to assist Stages Theatre Company. The City authorizes a total of up to $30,000 to be used for the loan program. 2. The City Manager and staff are hereby authorized and directed to create such program and enter into agreements. Adopted by the City Council of the City of Hopkins on this 15th day of September, 2020. __________________________________ Jason Gadd, Mayor ATTEST _______________________________ Amy Domeier, City Clerk