HomeMy WebLinkAboutX-E-02 Community Investment Fund Recommendation
City Council Memorandum
To: Mayor Fasbender & City Councilmembers
From: Chris Jenkins, Parks & Recreation Director
Date: May 2, 2022
Item: Community Investment Fund Recommendations
Council Action Requested: Approve the Finance Committee of Council’s
recommendations for Community Investment Fund funding.
Background Information: As part of the 2022 Budget, the City Council initiated
the Community Investment Fund and allocated $100,000.00 in funding for 2022.
An application and process was developed and implemented, and a public kickoff
meeting was hosted earlier this year.
The Community Investment Fund is focused on partnerships and civic engagement
with a goal of creating and supporting vibrant, community-supported, public
projects and efforts.
A review of applications was completed with the Finance Committee of Council on
Wednesday, April 27th. A total of 10 applications were received. Council and staff
identified alternative funding sources for 2 of those applications, and unanimously
recommend funding for 6 of the remaining 8 applications.
• Downtown Business Association: $19,563.00 for winter decorations in the
downtown area. DBA matching with $19,563.00.
• Building Remembrance for Reconciliation (BR4R): $10,000.00 to complete
a charette process identifying a future art project and installation. BR4R
matching with $3,000.00.
• Hastings Hockey Association: $30,273.00 to replace scoreboards in the
East Rink and replace the Arena sound system. HHA matching with
$32,800.00.
• Dakota County Historical Society, Leduc Mansion: $9,920.00 for a new
gardening shed, perimeter fencing and site signage. DCHS matching with
$4,041.00.
• Hastings Hawks & Hastings Youth Athletic Association: $17,221.00 for
batting cages and bullpen upgrades. Hawks & HYAA matching with
$10,000.00.
• Hastings Football Club: $10,000.00 for new soccer goals. HFC has
committed up to $25,000.00 to continue improvements at Vets Soccer
Fields.
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Financial Impact:
Allocation remains within the $100,000.00 budget allocation for the 2022 CIF.
Approximately $96,977.00 is being allocated at this time. Applicants are matching
this allocation with up to $94,404.00 to complete these projects.
Advisory Commission Discussion:
N/A
Council Committee Discussion:
Finance Committee met on Wednesday, April 27, 2022 and offered the included,
unanimous recommendation.
Attachments:
▪ N/A
X-E-02