HomeMy Public PortalAbout2020_07_14_R077 CARES Act Memorandum of Agreement with Loudoun County Economic Development Authority The Town of
Leesburg,
Virginia
PRESENTED: July 14, 2020
RESOLUTION NO. 2020-077 ADOPTED: July 14, 2020
A RESOLUTION: APPROVAL OF MEMORANDUM OF AGREEMENT WITH THE
ECONOMIC DEVELOPMENT AUTHORITY OF LOUDOUN COUNTY
WHEREAS, Executive Orders issued by Governor Ralph Northam in an effort to slow
the spread of the Novel Coronavirus ("COVID-19"), including but not limited to the Temporary
Stay at Home Order, have had an adverse impact on businesses and economic activity
throughout the County, including within the Town; and
WHEREAS,pursuant to Virginia Code § 15.2-4905(13),the Economic Development
Authority(EDA) is authorized to make grants to persons or entities for the purpose of promoting
economic development in Loudoun County; and
WHEREAS, by letter dated May 20, 2020, the County notified the Town that it would be
eligible to receive approximately$4,797,036.00 as a distribution of funds from the Coronavirus
Aid, Relief, And Economic Security ("CARES") Act; and
WHEREAS, the Town desires to use a portion of its CARES Act distribution to provide
economic relief to Town businesses affected by COVID-19; by letter dated May 26, 2020, the
County's Department of Economic Development notified the Town that the EDA could assist
with the distribution of economic relief grants to Town businesses; and
WHEREAS Town Council approved Resolution 2020-071 on June 9, 2020,to accept and
appropriate CARES Act of 2020 funding and submit a recommended spending plan to the
County; and
WHEREAS, Town staff submitted a recommended spending plan to County including
$3,025,000 for a small business grants program, known as the Leesburg Business Infusion Grant
(LBI),to be administered cooperatively with the Loudoun EDA; and
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A RESOLUTION: APPROVAL OF MEMORANDUM OF AGREEMENT (MOA) WITH
THE ECONOMIC DEVELOPMENT AUTHORITY OF LOUDOUN
COUNTY
WHEREAS, the EDA has graciously undertaken to cooperatively administer the grant .
fund without compensation; and
WHEREAS, in order to define the cooperative administration of the grant fund,the EDA
and Town desire to define their respective duties as set forth in the proposed Memorandum of
Agreement (MOA); and
WHEREAS, subject to final approval of Exhibit 1 by the Office of the County Attorney,
the EDA approved the MOA on June 25, 2020.
THEREFORE, RESOLVED, that the Council of the Town of Leesburg in Virginia
hereby approves the attached Memorandum of Agreement between the Town of Leesburg and
the Loudoun Economic Development Authority, in a final form to be approved by the Town
Attorney, and authorizes the Town Manager to execute the MOA on behalf of the Town.
PASSED this 14th day of July, 2020.
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Kel y urk, �V.yor
Town of Leesburg
ATTEST:
riorzAe..... 104,
Clerk of Council
LF\LeesburgRMS\Town_Clerk\Resolutions\2020\0714 CARES Act Memorandum of Agreement with Loudoun County Economic Development
Authority