Commission Meeting Agenda Item

Attached for the Town Commission’s consideration is an Amendment to Interlocal Agreement Disbursement of CARES Act Funds. The first Interlocal Agreement for Distribution of CARES Act Funds was approved by the Town Commission on Monday, September 21, 2020, and subsequently on September 29, 2020, by Lake County. Under the terms of the agreement, the Town was awarded an amount of $808,900.00 in grant funding. To date, the Town has received $171,262.74 in reimbursement, based upon the spend plan that was submitted to Lake County.

On December 8, 2020, then County Manager Jeff Cole brought the amendment to the agreement before the Lake County Board of County Commissioners to extend the date by which funds must be spent to December 30, 2020. In addition, the amendment provides for the reimbursement of public safety wages expended between March 1, 2020 to November 30, 2020. Although the Town did not receive the full difference between what has been spent to date and the prior awarded amount of $808,900.00, the awarded amount to the Town was set at $300,525.00. Given that our public safety wages for the aforementioned timeframe exceeded $300,525, the Town of Lady Lake will receive a check from Lake County in the full awarded amount.