Title
Approval of COVID-19 Economic Relief Funding Support for the Balboa Island Merchants Association, Inc.
Recommendation
a) Determine this action is exempt from the California Environmental Quality Act (CEQA) pursuant to Sections 15060(c)(2) and 15060(c)(3) of the CEQA Guidelines because this action will not result in a physical change to the environment, directly or indirectly;
b) Approve the Balboa Island Merchants Association, Inc. (BIMAI) Fiscal Year 2019-20 Annual Report, Fiscal Year 2020-21 Proposed Projects and Budget, Profit and Loss Statement for FY 2019-20 and balance sheet of current assets;
c) Authorize the City Manager to allocate $20,000 in COVID-19 Economic Relief Funding Support to BIMAI in Fiscal Year 2020-21; and
d) Authorize the City Manager to execute a grant agreement with BIMAI for Fiscal Year 2020-21.