2020 04 16 Council Emergency MeetingCITY COUNCIL 1 APRIL 16, 2020
EMERGENCY MEETING STATE OF LOCAL EMERGENCY COVID-19
EMERGENCY MEETING OF THE LA QUINTA CITY COUNCIL
TO THE MEMBERS OF THE LA QUINTA CITY COUNCIL AND TO THE CITY
CLERK:
NOTICE IS HEREBY GIVEN that an Emergency Meeting of the La Quinta
City Council is hereby called to be held on Thursday, April 16, 2020; Closed
Session starts at 6:00 p.m.; Open Session starts at 6:30 p.m.; at La Quinta
City Hall located at 78495 Calle Tampico, La Quinta, CA 92253. Pursuant to Executive
Orders N-25-20, N-29-20, N-33-20, and N-35-20, executed by the Governor of
California in response to the state of emergency relating to novel coronavirus disease
2019 (COVID-19) and enabling teleconferencing accommodations by suspending or
waiving specified provisions in the Ralph M. Brown Act (Government Code § 54950
et seq.), members of the City Council, the City Manager, City Attorney, City Staff,
and City Consultants may participate in this emergency meeting by teleconference.
The emergency meeting is called for the following purpose:
CLOSED SESSION
1. THREAT TO PUBLIC SERVICES OR FACILITIES, PURSUANT TO
SUBDIVISION (a) OF GOVERNMENT CODE SECTION 54957.
CONSULTATION WITH: ALEXANDER JOHNSTON, SENIOR EMERGENCY
MANAGEMENT COORDINATOR; WILLIAM H. IHRKE, CITY ATTORNEY
BUSINESS SESSION
1.ADOPT EMERGENCY RESOLUTION TO APPROVE COVID-19 SMALL
BUSINESS EMERGENCY ECONOMIC RELIEF PROGRAM FOR LA QUINTA
BUSINESSES IMPACTED BY NOVEL CORONAVIRUS DISEASE (COVID-19);
AND APPROVE ASSOCIATED BUDGET ADJUSTMENTS [EMERGENCY
RESOLUTION NO. EM 2020-005]
Dated: April 16, 2020 /s/Linda Evans
LINDA EVANS, Mayor
Attest:
MONIKA RADEVA, City Clerk
CITY COUNCIL 2 APRIL 16, 2020
EMERGENCY MEETING STATE OF LOCAL EMERGENCY COVID-19
DECLARATION OF POSTING
I, Monika Radeva, City Clerk, do hereby declare that the foregoing notice for the La
Quinta City Council Emergency Meeting of April 16, 2020 was posted on the outside
entry to the Council Chamber at 78495 Calle Tampico and on the bulletin boards at
51321 Avenida Bermudas and 78630 Highway 111 on April 16, 2020.
MONIKA RADEVA, City Clerk
CITY COUNCIL AGENDA 1 APRIL 16, 2020
EMERGENCY MEETING STATE OF LOCAL EMERGENCY COVID-19
EMERGENCY MEETING
APRIL 16, 2020
6:00 P.M. CLOSED SESSION | 6:30 P.M. OPEN SESSION
CITY COUNCIL AGENDA
CITY HALL COUNCIL CHAMBER
78495 Calle Tampico, La Quinta
*****************
SPECIAL NOTICE
Teleconferencing and Telephonic Accessibility In Effect
Pursuant to Executive Orders N-25-20, N-29-20, N-33-20, and N-35-20,
executed by the Governor of California in response to the state of emergency
relating to novel coronavirus disease 2019 (COVID-19) and enabling
teleconferencing accommodations by suspending or waiving specified provisions
in the Ralph M. Brown Act (Government Code § 54950 et seq.), members of the
City Council, the City Manager, City Attorney, City Staff, and City Consultants
may participate in this emergency meeting by teleconference. Additionally,
pursuant to the above-referenced executive orders, the public is not permitted
to physically attend at City Hall the meeting to which this agenda applies, but
any member of the public may listen or participate in the open session of this
meeting as specified below.
Members of the public wanting to listen to the open session of this emergency
meeting may do so by tuning-in live via http://laquinta.12milesout.com/video/live.
Members of the public wanting to address the City Council during the open
session, either for public comment or for a specific agenda item, or both, are
requested to send an email notification to the La Quinta City Clerk’s Office at
CityClerkMail@LaQuintaCA.gov, and specify the following information:
City Council agendas and staff reports
are available on the City’s
web page: www.LaQuintaCA.gov
CITY COUNCIL AGENDA 2 APRIL 16, 2020
EMERGENCY MEETING STATE OF LOCAL EMERGENCY COVID-19
1) Full Name 4) Public Comment or Agenda Item Number
2) City of Residence 5) Subject
3) Phone Number 6) Written Comments
Written public comments, received prior to the adjournment of the emergency
meeting, will be distributed to the City Council, incorporated into the agenda
packet and public record of the meeting, and will not be read during the meeting
unless, upon the request of the Mayor, a brief summary of any public comment is
asked to be read, to the extent the City Clerk’s Office can accommodate such
request.
It would be appreciated that any email communications for public comments
related to the items on the agenda, or for general public comment, are provided
to the City Clerk’s Office at the email address listed above prior to the
commencement of the meeting. If that is not possible, and to accommodate
public comments on items that may be added to the agenda after its initial posting
or items that are on the agenda, every effort will be made to attempt to review
emails received by the City Clerk’s Office during the course of the meeting. The
Mayor will endeavor to take a brief pause before action is taken on any agenda
item to allow the City Clerk to review emails and share any public comments
received during the meeting. All emails received by the City Clerk, at the email
address above, until the adjournment of the meeting, will be included within the
public record relating to the meeting.
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CALL TO ORDER
ROLL CALL: Councilmembers: Fitzpatrick, Peña, Radi, Sanchez, Mayor Evans
PLEDGE OF ALLEGIANCE
PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA
At this time, members of the public may address the City Council on any matter
not listed on the agenda. Please email "Written Public Comments" to
CityClerkMail@LaQuintaCA.gov and limit your comments to three minutes
(approximately 350 words). The City Council values your comments; however,
in accordance with State law, no action shall be taken on any item not appearing
on the agenda unless it is an emergency item authorized by GC 54954.2(b).
CONFIRMATION OF AGENDA
CITY COUNCIL AGENDA 3 APRIL 16, 2020
EMERGENCY MEETING STATE OF LOCAL EMERGENCY COVID-19
CLOSED SESSION
1. THREAT TO PUBLIC SERVICES OR FACILITIES, PURSUANT TO
SUBDIVISION (a) OF GOVERNMENT CODE SECTION 54957.
CONSULTATION WITH: ALEXANDER JOHNSTON, SENIOR EMERGENCY
MANAGEMENT COORDINATOR; WILLIAM H. IHRKE, CITY ATTORNEY
RECESS TO CLOSED SESSION
RECONVENE
REPORT ON ACTIONS(S) TAKEN IN CLOSED SESSION
BUSINESS SESSION
PAGE
1. ADOPT EMERGENCY RESOLUTION TO APPROVE COVID-19 SMALL
BUSINESS EMERGENCY ECONOMIC RELIEF PROGRAM FOR LA QUINTA
BUSINESSES IMPACTED BY NOVEL CORONAVIRUS DISEASE (COVID-
19); AND APPROVE ASSOCIATED BUDGET ADJUSTMENTS
[EMERGENCY RESOLUTION NO. EM 2020-005]
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ADJOURNMENT
*********************************
The next regular meeting of the City Council will be held on April 21, 2020 at
4:00 p.m. at the City Hall Council Chambers, 78495 Calle Tampico, La Quinta,
CA 92253.
DECLARATION OF POSTING
I, Monika Radeva, City Clerk, of the City of La Quinta, do hereby declare that
the foregoing Agenda for the La Quinta City Council Emergency Meeting was
posted on the City’s website, near the entrance to the Council Chambers at
78495 Calle Tampico, and the bulletin boards at the Stater Brothers
Supermarket at 78630 Highway 111, and the La Quinta Cove Post Office at
51321 Avenida Bermudas, on April 16, 2020.
DATED: April 16, 2020
MONIKA RADEVA, City Clerk
City of La Quinta, California
CITY COUNCIL AGENDA 4 APRIL 16, 2020
EMERGENCY MEETING STATE OF LOCAL EMERGENCY COVID-19
Public Notices
The La Quinta City Council Chamber is handicapped accessible. If special
equipment is needed for the hearing impaired, please call the City Clerk’s
office at (760) 777-7092, twenty-four (24) hours in advance of the meeting
and accommodations will be made.
If special electronic equipment is needed to make presentations to the City
Council, arrangements should be made in advance by contacting the City
Clerk’s office at (760) 777-7092. A one (1) week notice is required.
If background material is to be presented to the Councilmembers during a
City Council meeting, please be advised that eight (8) copies of all documents,
exhibits, etc., must be supplied to the City Clerk for distribution. It is
requested that this take place prior to the beginning of the meeting.
Any writings or documents provided to a majority of the City Council
regarding any item(s) on this agenda will be made available for public
inspection at the Community Development counter at City Hall located at
78495 Calle Tampico, La Quinta, California, 92253, during normal business
hours.
City of La Quinta
CITY COUNCIL EMERGENCY MEETING: April 16, 2020
STAFF REPORT
AGENDA TITLE: ADOPT EMERGENCY RESOLUTION TO APPROVE COVID-19
SMALL BUSINESS EMERGENCY ECONOMIC RELIEF PROGRAM FOR LA QUINTA
BUSINESSES IMPACTED BY NOVEL CORONAVIRUS DISEASE (COVID-19);
AND APPROVE ASSOCIATED BUDGET ADJUSTMENTS
RECOMMENDATION
Adopt an Emergency Resolution to approve COVID-19 Small Business
Emergency Economic Relief Program for La Quinta businesses impacted by
COVID-19; and approve the associated budget adjustments.
EXECUTIVE SUMMARY
On March 16, Riverside County Public Health Officer, Dr. Cameron
Kaiser, ordered all County Residents to stay at home to help prevent the
spread of COVID-19. In addition, all non-essential businesses were
directed to closed.
This order has had a significant impact on local businesses. Many
retailers and restaurants have been forced to drastically reduce service
hours or suspend operations entirely.
Economic vitality is important to the City of La Quinta (City), with
Highway 111 being a primary commercial corridor and the Village being
made up of small businesses.
As a response to this unprecedented challenge, the City is establishing
a $1.5 million COVID-19 Small Business Emergency Economic Relief
Program (Program).
FISCAL IMPACT
This Program would utilize funds from the Economic Disaster Emergency
Reserve; if all $1.5 million is allocated, it would reduce the reserve balance
from $11 million to $9.5 million. Money would be transferred from General
Fund Reserves to the Economic Development Fund, and associated
expenditures would be charged to account 247-0000-60510.
BUSINESS SESSION ITEM NO. 1
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BACKGROUND/ANALYSIS
The City recognizes that coronavirus disease (COVID-19) has put a difficult
burden on our small business community. As a response to this unprecedented
challenge, on March 25, 2020, the City Council authorized the appropriation
of up to $1.5 million from the City’s Economic Disaster Reserves, and directed
Staff to bring back to the Council for consideration a program offering micro-
loans or similar relief to assist local businesses affected by the COVID-19 local
emergency.
The City is establishing a $1.5 million Program which will help to provide small
businesses with emergency cash flow during this immediate health crisis.
Funds will be provided on a first-come, first-served basis to eligible businesses
of 25 or fewer full-time equivalent employees in the form of zero percent
interest loans beginning at $5,000 up to $20,000. A total of $500,000 will be
made available exclusively to restaurants in the City who are still open for
business offering carryout or pickup.
The applications will be reviewed and approved by an Ad Hoc committee of
two councilmembers, two Finance Advisory Commissioners and two city staff
members (Financial Services Analyst and Assistant to City Manager). The City
will begin accepting applications on Tuesday, April 21, 2020 at a.m. The
application period will close on April 30, 2020 at 5 p.m.
Loan Terms
1) Repayment Term: 0% interest. Initial loan payment will begin after
April 1, 2021 and be equally billed on a monthly basis in accordance
to a loan repayment schedule, not to exceed two years. Early
repayments will be accepted.
2) Loan Amount: Up to $20,000 per business.
3) Loan Proceeds: Funds shall be used for operational needs such as
lease/mortgage payments, payroll, supplies, and services.
Eligibility and Program Guidelines are described in the attached application.
ALTERNATIVES
Council may elect not to approve the program.
Prepared by: Gil Villalpando, Assistant to City Manager
Approved by: Jon McMillen, City Manager
Attachment: 1. COVID-19 Small Business Emergency Relief Program Application
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EMERGENCY RESOLUTION NO. EM 2020 – XXX
AN EMERGENCY RESOLUTION OF THE CITY
COUNCIL OF THE CITY OF LA QUINTA,
CALIFORNIA, ADOPTING THE COVID-19 SMALL
BUSINESS EMERGENCY ECONOMIC RELIEF
PROGRAM
WHEREAS, on March 17, 2020, at its regular meeting, the City
Council adopted Emergency Resolution No. EM 2020-001, proclaiming a local
emergency as defined in La Quinta Municipal Code Section 2.20.020, due to
the threat of the existence and spread of novel coronavirus disease 2019
(COVID-19); and
WHEREAS, the Recitals in Emergency Resolution No. EM 2020-001 set
forth facts and responses, guidelines, and orders of federal, state, and
regional public health officials relating to limiting the spread of COVID-19, all
of which Recitals are hereby incorporated by reference into this Resolution;
and
WHEREAS, pursuant to La Quinta Municipal Code Section 2.20.110,
Subsection (B), during a proclaimed local emergency, the City Council may
promulgate orders and regulations necessary to provide for the protection of
life and property; and
WHEREAS, on March 20, 2020, at an emergency meeting, the City
Council adopted Emergency Resolution No. EM 2020-002, directing the City
Manager in his capacity as the Emergency Corps Commander to oversee the
implementation of California Governor Executive Order N-33-20 issued on
March 19, 2020, ordering all individuals living in the State of California to
stay home or at their place of residence except as needed to maintain
continuity of operations of the federal critical infrastructure sectors and
essential services, as identified therein; and
WHEREAS, the City recognizes that the City’s small businesses
community has been significantly affected by the “stay at home” executive
order issued by the Governor and recognizes that this community is
otherwise facing difficult economic burdens due to the COVID-19 pandemic;
and
WHEREAS, at its Emergency Meeting on March 25, 2020, the City
Council authorized the appropriation of up to $1,500,000 from the City’s
emergency disaster reserves and directed Staff to bring back to the Council
7
Emergency Resolution No. EM 2020 – XXX
COVID-19 Small Business Emergency Economic Relief Fund and Program
Adopted: April 16, 2020
Page 2 of 3
for consideration a program offering micro-loans or similar relief to assist
local businesses affected by the COVID-19 local emergency; and
WHEREAS, the City would like to respond to the needs of the small
business community by establishing a Small Business Emergency Economic
Relief Program as provided by this Resolution.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City
of La Quinta, California, as follows:
SECTION 1. Emergency Resolution Nos. EM 2020-001, EM 2020-002,
and all other emergency resolutions adopted by the City Council remain in
full force and effect pursuant to their respective provisions.
SECTION 2. The Small Business Emergency Economic Relief Program is
hereby established and adopted pursuant to Exhibit A, incorporated by
reference into this Resolution and effective immediately. The City Manager
and Staff as designated by the City Manager shall administer program
consistent with the provisions in Exhibit A and this Resolution.
SECTION 3. This Resolution, and the powers, duties, response efforts,
and immunities available by its adoption, shall remain in place for as long as
the local emergency exists and until determined to be terminated by the City
Council, unless otherwise this Resolution is terminated by operation of state
law that is no longer waived or suspended by the Governor of California.
SECTION 4. This Resolution is not intended to, and does not, create
any rights or benefits, substantive or procedural, enforceable at law or in
equity, against the City of La Quinta, or any of its boards, commissions,
committees, departments, officers, officials, employees or any other person.
SECTION 5. If any section, subsection, subdivision, sentence, clause,
phrase, or portion of this Resolution is, for any reason, held to be invalid or
unconstitutional by the decision of any court of competent jurisdiction, such
decision shall not affect the validity of the remaining portions of this
Resolution. The City Council hereby declares that it would have adopted this
Resolution and each and every section, subsection, subdivision, sentence,
clause, phrase, or portion thereof, irrespective of the fact that any one or
more section, subsections, subdivisions, sentences, clauses, phrases, or
portions thereof be declared unconstitutional.
SECTION 6. This Resolution shall go into effect immediately upon its
adoption, and the City Clerk shall certify to its adoption.
8
Emergency Resolution No. EM 2020 – XXX
COVID-19 Small Business Emergency Economic Relief Fund and Program
Adopted: April 16, 2020
Page 3 of 3
PASSED, APPROVED, and ADOPTED at an emergency meeting of
the La Quinta City Council held on this 16th day of April, 2020 by the
following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
______________________
LINDA EVANS, Mayor
City of La Quinta, California
ATTEST:
_________________________
MONIKA RADEVA, City Clerk
City of La Quinta, California
(CITY SEAL)
APPROVED AS TO FORM:
__________________________
WILLIAM H. IHRKE, City Attorney
City of La Quinta, California
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1
City of La Quinta
COVID-19 Small Business Emergency Economic Relief Program
COVID-19 SMALL BUSINESS
EMERGENCY ECONOMIC RELIEF PROGRAM
For City of La Quinta Businesses Impacted by COVID-19
The City of La Quinta (City) recognizes that coronavirus disease (COVID-19) has put a
difficult burden on our small business community. As a response to this unprecedented
challenge, the City is establishing a $1.5 million COVID-19 Small Business Emergency
Economic Relief Program (Program), which will help to provide small businesses with
emergency cash flow during this immediate health crisis. Funds will be provided on a first-
come, first-served basis to eligible businesses of 25 or fewer full-time equivalent employees
in the form of zero percent interest loans of $5,000; $10,000; $15,000; or $20,000. Up to
$500,000 will be made available exclusively to restaurants in the City that are currently
open for pickup and delivery orders.
Loan applications are administered through our City’s Finance Department. The City will
open the Program on Tuesday, April 21, 2020 and the deadline to submit applications is
April 30, 2020 at 5pm. The application period will close once all funds have been allocated.
Eligibility and Program Guidelines are described in the following pages.
LOAN TERMS
1)Repayment Term: 0% interest. Initial loan payment will begin after April 1, 2021 and
will be equally billed on a monthly basis in accordance to a loan repayment schedule
of two years. Early repayments will be accepted.
2)Loan Amount: Up to $20,000 per business.
3)Loan Proceeds: Funds shall be used for operational needs such as lease/mortgage
payments, payroll, supplies, and services.
ELIGIBILITY
One-time loan per business (applications may not include a business that has
previously applied for a zero-interest loan under this program;
Successful applicants are required to execute a promissory note in order to receive
funding;
Be a for-profit, independently owned local business. NOTE: Short Term Vacation
Rentals (governed by Chapters 3.24 & 3.25 of the La Quinta Municipal Code) do not
qualify to receive a loan under this program;
EMERGENCY RESOLUTION NO. EM 2020-00X
EXHIBIT A
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City of La Quinta
COVID-19 Small Business Emergency Economic Relief Program
ELIGIBILITY (CONTINUED)
Employ up to 25 full-time equivalent (FTE) employees;
Be a restaurant, retail, service, or entertainment business with a storefront physically
established within the City of La Quinta;
Have a current City of La Quinta Business License and have been in operation as of
March 1, 2020;
Provide a written statement demonstrating a hardship due to COVID-19, such as a
loss in revenue;
Have written sick leave policies to assist workers impacted by the COVID-19
pandemic;
Comply with the State of California non-discrimination employment policies;
Be in good standing with the City of La Quinta as of March 1, 2020 (e.g., no liens,
judgments, or code enforcement cases, etc.); and
Application is deemed complete by City Staff.
ALLOCATION OF FUNDS
In order to assist as many businesses as possible, upon approval, funding will be allocated
in the previously noted increments as follows:
Businesses employing 0-5 Full-Time Equivalent (FTE) employees would be eligible for
$5,000
Businesses employing 6-10 FTE employees would be eligible for up to $10,000
Businesses employing 11-15 FTE employees would be eligible for up to $15,000
Businesses employing 16-25 FTE employees would be eligible for up to $20,000
Meaning of FTE and Full-time Employee
The abbreviation FTE is short for “full-time equivalent.” The City of La Quinta determines
the total number of employees of a business on a FTE basis. A full-time employee is one
who works 40 hours per week. For example, one employee who works 40 hours per week
equals one FTE. To determine the FTE number for part-time employees, add the total
number of hours worked in a week by all part-time employee, and then divide that number
by 40. For example, if a business has four part-time employees who work a total of 10 hours
each per week, those employees equal one FTE.
Example of Weekly FTE Calculation:
If you have 5 part-time employees working a combined total of 120 hours per a week, this
equals 3 FTE (120 hours ÷ 40 hours = 3).
If hours vary per week, apply the calculation to each week and provide the largest FTE
count. Payroll records provided should support FTE calculation.
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City of La Quinta
COVID-19 Small Business Emergency Economic Relief Program
APPLICATION QUESTIONS
Disclosure of Information
The City of La Quinta understands and supports the public's right to access public
records. Information submitted through this application is a public record and
may be subject to disclosure under the California Public Records Act (PRA). In
addition, the City of La Quinta may be required to disclose information submitted
through the application by some other legal process, for example, a subpoena.
Please note, that all identifiable personal information will be redacted from any
such response.
I agree that the City of La Quinta may determine in its sole discretion whether information
submitted through this application is subject to disclosure under the California Public
Records Act or through another legal process.
PRINTED NAME:
SIGNATURE:
Please submit the following required documentation along with your application.
The loan applicant may be required to provide additional documentation.
1. Current City of La Quinta Business License
2. W-9 Form (can be found at https://www.irs.gov/pub/irs-pdf/fw9.pdf)
3. 2020 Balance Sheets and Profit-and-Loss Statements for the months of
January, February, and March
4. 2019 Balance Sheets and Profit-and-Loss Statements January, February and
March to show hardship.
5. Payroll records for the months of January and February 2020 (Confidential
information such as social security numbers or employee birth dates should
be excluded).
6. Tax returns for 2018 and 2019.
7. Current FICO score of principal officer/majority owner.
* If March 2020 financial statements are not yet prepared, banking records for
March 2019 and 2020 demonstrating business losses may be accepted. Please
redact account numbers before submitting.
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City of La Quinta
COVID-19 Small Business Emergency Economic Relief Program
CONTACT INFORMATION
Applicant Name:
Applicant Email:
Applicant Phone Number:
BUSINESS INFORMATION
Business Name (dba):
Business Address:
Primary Business Owner Name:
Primary Business Owner Home Address:
Do you own or lease your establishment at this location?
How long have you been in business?___________________________________________
Type of Business Entity – Please provide Articles of Incorporation or bylaws for type of entity
Corporation (C-corp, S-corp)
Limited Liability Company (LLC)
Partnership (LLP, joint venture)
Individual/Sole Proprietorship
Franchise
Other
Primary Business Activity
Retail
Restaurant
Other:
Please describe your business: (Include what the business produces and how it generates
revenue.)
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City of La Quinta
COVID-19 Small Business Emergency Economic Relief Program
Normal Business Hours (Pre-COVID-19):
Normal Day(s) of the Week (Pre-COVID-19):
Current Business Hours:
Current Day(s) of the Week:
How many years has this establishment been in business?
IMPACT OF COVID-19
Describe the business hardship that has resulted from COVID-19. Describe impacts on
revenues, number of employees, modified business hours, etc. (verification may be
required)
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
If funded; how would you utilize these resources:
When did the hardship begin?
What do you envision the impacts might be over the course of the next 90 days?
Are there other services you may need, such as Marketing or Remote Work Assistance?
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City of La Quinta
COVID-19 Small Business Emergency Economic Relief Program
FINANCIAL INFORMATION
The City of La Quinta reserves the right to request supporting documentation for
all requested information. Please be prepared to provide tax information, payroll
documentation, and other items as necessary.
Federal Tax ID (EIN):
City of La Quinta Business License #:
Amount of Monthly Rent or Mortgage (please provide copy of mortgage statement or current
lease): $
Does the business or owner(s) have any outstanding liens or judgements?
Yes
No
If Yes, please explain: ______________________________________________________
________________________________________________________________________
________________________________________________________________________
Is the business or business owner(s) currently the subject of any litigation?
Yes
No
If Yes, please explain: ______________________________________________________
________________________________________________________________________
________________________________________________________________________
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City of La Quinta
COVID-19 Small Business Emergency Economic Relief Program
CERTIFICATIONS
I understand that I am applying for a loan that must be repaid.
I hereby certify that my business follows all applicable laws, including providing paid
sick leave and following anti-discrimination laws.
I hereby certify that I will use the funds allotted as described in this application.
I hereby certify that all of the information submitted in this application is true and
correct and agree to audits by the City of La Quinta.
I hereby certify that all required eligibility documents in Exhibit A have been
submitted with this application. Missing documents will extend the loan review
process, which may result in non-funding due to priority funding of fully executed
applications.
Person(s) signing this certification is an authorized representative and owner of the
business.
By signing this certification, I acknowledge that I agree to and understand the
eligibility and repayment terms of the loan program.
PRINTED NAME:
SIGNATURE:
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City of La Quinta
COVID-19 Small Business Emergency Economic Relief Program
EXHIBIT A
All required documentation shall be attached to the loan application at time of submittal.
Please use this checklist to ensure your application is complete.
Current City of La Quinta Business License
W-9 Form (can be found at https://www.irs.gov/pub/irs-pdf/fw9.pdf)
2020 Balance Sheets and Profit-and-Loss Statements for the months of January,
February, and March
2019 Balance Sheets and Profit-and-Loss Statements for the months of January,
February, and March to demonstrate hardship
Payroll records for the months of January and February 2020 (Confidential
information such as social security numbers or employee birth dates should be
excluded)
Tax Returns for 2018 and 2019
Current FICO score of principal officer/majority owner
Fully executed and signed loan application form
* If March 2020 financial statements are not yet prepared, banking records for March
2019 and 2020 demonstrating business losses may be accepted. Please redact account
numbers before submitting.
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POWER POINTT
CITY COUNCIL
EMERGENCY
MEETING
APRIL 16, 2020
April 16, 2020
1
City Council
Emergency Meeting
April 16, 2020 at 6 p.m.
Local Emergency - COVID-19
City Council
Emergency Meeting
April 16, 2020
Closed Session In Progress
1
2
2
City Council Emergency Meeting
April 16, 2020
B1 – COVID-10 Small Business Emergency
Economic Relief Program
COVID-19 Impact
•Riverside County Health Officer has issuedshelter in place orders and ordered non-essential businesses closed
•Local businesses have been significantlyimpacted with closures and/or service andhours reductions
•The City recognizes the importance ofeconomic vitality and the role smallbusinesses play in our community
3
4
April 16, 2020
3
Small Business Relief
•Businesses with up to 25 full‐time equivalent
employees are eligible
•Loans will be made in $5K increments ranging
from $5K‐$20K
•Applicants will be asked to demonstrate hardship
and are required to use loan proceeds for
occupancy, payroll, or operational costs
Emergency Reserves
•The City has twoemergency reservecategories for Natural andEconomic Disasters
•Both are fully funded perthe current Fund Balanceand Reserve Policy
•The Economic DisasterReserve was createdspecifically for declaredrecessions and disastersresulting in significantrevenue losses
5
6
April 16, 2020
4
Ad Hoc Committee
•Staff worked with Council and members of the
Financial Advisory Commission to create
Program
•Ad Hoc Committee will review and approve
applications
Application Process
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8
April 16, 2020
5
9
April 16, 2020