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File #: 2022-122    Version: 1 Name:
Type: Miscellaneous Item Status: Approved
File created: 3/16/2022 In control: City Council
On agenda: 3/17/2022 Final action: 3/21/2022
Title: THRIVE High Point Minority Entrepreneurship Initiative Grant - Approval to Create Memorandum of Understanding (MOU)-High Point Chamber Foundation-City of High Point City Council is requested to authorize City staff to complete a Memorandum of Understanding (MOU) between the High Point Chamber Foundation and the City of High Point providing a pass-through grant in the amount of $1.0 million from the State of North Carolina, through the City, to the High Point Chamber Foundation for the THRIVE Minority Entrepreneurship Initiative and authorize the appropriate city official to execute all necessary documents. Note: An MOU was not created. Legal deemed a Pass-Through Grant Agreement would be more suitable.
Attachments: 1. 4. THRIVE High Point Minority Entrepreneurship Grant - Approval to Create Memorandum of Understanding (MOU)-High Point Chamber Foundation-City of High Point, 2. Pass-Through_Grant_Agreement_-_HP_Ch THRIVE.pdf

Title

THRIVE High Point Minority Entrepreneurship Initiative Grant - Approval to Create Memorandum of Understanding (MOU)-High Point Chamber Foundation-City of High Point

City Council is requested to authorize City staff to complete a Memorandum of Understanding (MOU) between the High Point Chamber Foundation and the City of High Point providing a pass-through grant in the amount of $1.0 million from the State of North Carolina, through the City, to the High Point Chamber Foundation for the THRIVE Minority Entrepreneurship Initiative and authorize the appropriate city official to execute all necessary documents.

 

Note:  An MOU was not created. Legal deemed a Pass-Through Grant Agreement would be more suitable.

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