Title
Hurricane Ida - Small Business Financing - Lillys Printing LLC - For the purpose of supporting the distribution of grant funds through the Maryland Department of Housing and Community Development (DHCD) Neighborhood BusinessWorks Program (NBW Program) to Lillys Printing LLC, which was severely impacted by the Hurricane Ida disaster.
Body
CITY COUNCIL OF THE
City of Annapolis
Resolution 34-22
Introduced by: Alderwoman Pindell Charles
Co-sponsored by:
A RESOLUTION concerning
Hurricane Ida - Small Business Financing
Lillys Printing LLC
FOR the purpose of supporting the distribution of grant funds through the Maryland Department of Housing and Community Development (DHCD) Neighborhood BusinessWorks Program (NBW Program) to Lillys Printing LLC, which was severely impacted by the Hurricane Ida disaster.
WHEREAS, on September 1, 2021, spurred by Hurricane Ida, an EF-2 Tornado ripped through Annapolis with peak wind speeds reaching approximately 125 mph. In the aftermath, several small businesses were forced to shutter; and
WHEREAS, The Maryland DHCD has received funding for this current fiscal year through the NBW Program to support Maryland small businesses affected by the Hurricane Ida disaster; and
WHEREAS, Lillys Printing LLC has applied to the NBW Program for financing to purchase new equipment and furniture, and to replace working capital due to lost revenue during the business closure at 1801 West Street, Suite 100, Annapolis, MD 21401; and
WHEREAS, in order for grant funds to be released to Lillys Printing LLC, the City of Annapolis is required to show its support for the project by passing a resolution endorsing the financing; and
WHEREAS, the City of Annapolis is interested in promoting the revitalization of our community by encouraging the development and expansion of for-profit and non-profit small businesses.
NOW, THEREFORE,
BE IT RESOLVED BY THE ANNAPOLIS CITY COUNCIL that the City of Annapolis endorses the distribution of grant funds...
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