HomeMy Public PortalAboutAB 23-046 Capital Matrix grant for local housingMcCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 23-046
Meeting Date March 9, 2023
AGENDA ITEM INFORMATION
SUBJECT:
Request to approve the submittal of a Capital Matrix grant application to support local housing
Department Approvals
Initials
Originator
or
Supporter
Mayor / Council
City Manager
Clerk
Treasurer
Community Development
Police Department
Public Works
Golf Course
COST IMPACT:
$15,000
Parks and Recreation
FUNDING SOURCE:
Capital Matrix Grant program
Airport
Library
TIMELINE:
Application deadline: March 31, 2023
Information Systems
Economic Development
Originator
SUMMARY STATEMENT:
Capital Matrix, an Idaho nonprofit organization with the primary business purpose of providing small business loans, has set aside a portion of its earnings to “support economic development,
job creation and retention, and community wealth expansion” by providing grants to Idaho nonprofits and government agencies. $75,000 is available to award state-wide in the 2023 funding
round.
Final completion of the “Toaster” local housing project will occur in 2023 and may be of funding interest to Capital Matrix. The total cost for the “Toaster” Phase II improvements is
estimated to be $90,177. A Capital Matrix grant request of $15,000 is recommended and, if funded, would target energy efficiency upgrades to the base budget in appliances and/or materials.
Information about the Capital Matrix grant program is attached.
RECOMMENDED ACTION:
Approve submittal of a Capital Matrix grant application to support local housing and authorize the Mayor to sign all necessary documents.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION
February 23, 2023
AB 23-040 Contract approval for construction of Phase II improvements to Toaster project