Fiscal Note
No additional City appropriation is required with approval of the proposed resolution and memorandum of understanding. A resolution accepting the $600,000 of prospective grant funding and amending the adopted operating budget will be introduced at a later date.
Title
Authorizing the Execution of a Memorandum of Understanding between the City of Madison and Mayors for a Guaranteed Income
Body
WHEREAS, RES-20-00537 “Calling for Emergency Money to the People to provide critical relief to American families during the COVID-19 crisis and until our economy recovers; and calling on Congress to support and pass ongoing, direct cash payments” was enacted by the Madison Common Council on August 7, 2020; and,
WHEREAS, on December 8, 2020 Mayors for a Guaranteed Income (“MGI”) received a $15 million grant from Jack Dorsey, CEO of Twitter and Square, to provide financial assistance to MGI member cities seeking to implement guaranteed income pilots; and,
WHEREAS, Madison is currently eligible to receive up to $600,000 in funding from MGI (the “MGI Funding”) to support program administration and payments to community members participating in a guaranteed income program (the “Madison MGI Program”); and
WHEREAS, the Common Council approved the creation of a Task Force pursuant to RES-21-00157, Legistar File 63952, to assist in carrying out the Madison MGI Program; and
WHEREAS, MGI has required that a memorandum of understanding (“MOU”) be agreed to between MGI and the City in order to begin the transfer of the MGI Funding to support the Madison MGI Program; and
WHEREAS, the Madison MGI Program, and this MOU, require collaboration between multiple partners in order to provide payments to recipients, research, and technical support.
NOW THEREFORE BE IT RESOLVED, that the Common Council of the City of Madison hereby authorizes the Mayor and Clerk to execute an MOU with MGI on substantially, though not exclusively, the following terms and conditions:
1. The Part...
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