Title
Adoption of Resolution Appropriating $40,000 in the American Rescue Plan Act Project (C90300) for a Parklet Insurance Reimbursement Program; and Authorizing the Interim City Manager, or Designee, to Disburse Funds Consistent with Program Requirements. (Planning, Building and Transportation/Public Works 20962730)
Body
To: Honorable Mayor and Members of the City Council
EXECUTIVE SUMMARY
At its November 2, 2021 meeting, the City Council approved a two-year extension of the Park Street and Webster Street Commercial Streets/Parklet program through November 2023. The City Council also increased the required insurance coverage for parklets. To help local businesses cover the costs for the additional insurance coverage, the City Council agreed to reimburse those businesses for the incremental additional cost for the higher insurance costs above what they were already paying. Although the City Council endorsed the concept of the insurance reimbursement program, the City Council did not appropriate the necessary funds for the reimbursements.
Staff is now requesting that City Council appropriate $40,000 for the insurance reimbursement program for eleven businesses to cover the incremental additional insurance costs for those businesses through the end of the program in November 2023 and to give the Interim City Manager, or designee, the authority to disburse those funds consistent with the program's requirements.
BACKGROUND
The City Council approved the Commercial Streets program in May, 2020. At the November 2, 2021 meeting, the Council approved an extension of the program through November 2023 provided that the parklets meet a higher safety and aesthetic standards. The City Council required that all parklet owners increase their insurance coverage to meet new minimum requirements. At the request of the business community, which was concerned about businesses suffering financially due to the pandemic, City Council approved the concept of an insu...
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