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GREDC-5 Page 3 June 16,2020 <br /> Mr. Hunt confirmed that the County has not received any CARES Act funding that could be <br /> advanced. <br /> A loan is a loan, no matter how you look at it, Mr. Kaneali'i-Kleinfelder said. Businesses need <br /> funds to continue operations and his job as a Council Member is to uphold community and urge <br /> the Administration to do what is right and what the community feels is right. <br /> Mr. Hunt said the intent is to administer grants, not loans, so it is consistent with the resolution. <br /> Grants would probably be made as a reimbursement for expenses. <br /> Committee Member Valerie Poindexter spoke in support of the resolution. This "strong urge" <br /> makes clear the Council's position that small businesses need help, and this is the way to go with <br /> the micro-grants. <br /> Your Committee is in accord with the purpose and intent of Resolution No. 666-20, and <br /> recommends its adoption. <br /> ps <br /> AYES NOES ABS EX Respectfully submitted, <br /> CHUNG X <br /> DAVID X COMMITTEE ON GOVERNMENTAL <br /> EOFF X TIONS ANENOMIC <br /> P PO <br /> KANEALI'l-KLEINFELDER X VE a <br /> EN <br /> KIERKIEWICZ X <br /> LEE LOY X <br /> POINDEXTER X _XSHLEY L. KIERKIEWICZ, CHAIR <br /> RICHARDS X GREDC REPORT NO. 5 <br /> VILLEGAS X ADOPTED:- JUL 0 8 2020 <br />