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HomeMy WebLinkAboutResolution 3866 Policy for Grant of Funds COMMISSION RESOLUTION NO. 3866 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN, MONTANA, ESTABLISHING A POLICY FOR GRANTING OF FUNDS FROM THE CITY OF BOZEMAN TO A REQUESTING ENTITY. WHEREAS, from time to time the City Commission receives requests for funding assistance from various entities in the community; and WHEREAS, the City Commission has determined it is necessary to establish criteria upon which to review a request and base a decision; and WHEREAS, at its meeting held on the 8th day of December 2003, the City Commission identified seven key elements of consideration. NOW, THEREFORE, BE IT RESOLVED by the City Commission of the City of Bozeman, Montana: Section 1 The City of Bozeman has established funding criteria for a number of its programs, including but not limited to, the CDBG Economic Development Revolving Loan Fund, park improvement program, affordable housing grants, and Community Transportation Enhancement Program. Requests forfunding assistance for all other programs not subject to existing award criteria shall be considered in light of the following: 1. An identified and defined public interest must be addressed. 2. A formal application, including work program and budget, must be submitted. 3. Whether any portion of grants should be used for wages or salaries should be determined on a case by case basis. 4. With the exception of affordable housing projects, the applicant must demonstrate active fund raising efforts in addition to the funds sought from the City. 5. A formal report should be submitted at the end of the project or program year which includes all information necessary to demonstrate that the funds have been appropriately utilized for the intended purposes. 6. An applicant's eligibility may be suspended for any misappropriation of funds or failure to report. Any misrepresentation or falsification results in the immediate disqualification of the applicant. 7. Awards may not be made for lobbying or other political purposes. Except for capital improvement projects that are not completed within a fiscal year, all awards shall be made for one year only. Section 2 Any requests for funding from the City's General Fund will be considered only during the annual budgeting process, except in the case of a compelling public interest as identified by the Commission. Requests for funding from other City of Bozeman revenue sources may be considered on a case by case basis throughout the fiscal year. PASSED AND ADOPTED by the City Commission of the City of Bozeman, Montana, at a regular session thereof held on the 17th day of Octoer 2 ATTEST: ~./~ R L. SULLIVAN City Clerk -2-