Title
Hurricane Ida - Small Business Financing - Annapolis International Market, LLC - For the purpose of supporting the distribution of grant funds through the Maryland Department of Housing and Community Development (DHCD) Neighborhood Business Works Program (NBW Program) to Annapolis International Market, LLC, which was severely impacted by the Hurricane Ida disaster.
Body
CITY COUNCIL OF THE
City of Annapolis
Resolution 3-22
Introduced by: Alderwoman Pindell Charles
Co-sponsored by: Mayor Buckley, Alderwomen Tierney, O'Neill, Finlayson,
Aldermen Schandelmeier, Gay, Savidge, Arnett
A RESOLUTION concerning
Hurricane Ida - Small Business Financing
Annapolis International Market, LLC
FOR the purpose of supporting the distribution of grant funds through the Maryland Department of Housing and Community Development (DHCD) Neighborhood Business Works Program (NBW Program) to Annapolis International Market, LLC, which was severely impacted by the Hurricane Ida.
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, Annapolis International Market, 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 1927 West Street, Annapolis, MD 21401; and
WHEREAS, in order for grant funds to be released to Annapolis International Market, LLC, the City of Annapolis is required to show its support for the project by passing a resolution endorsing the financing; and
WHEREAS, the deadline for the City of Annapolis to submit the adopted Resolution to the DHCD is January 28, 2022; and
WHEREAS, the City ...
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