Title
A Resolution Approving the Match Funds for the SEEDS Grant Application
Summary
Under Resolution 25-1093, Council approved Goodwyn Mills Cawood (GMC) to assist the City of Foley with an application to the SEED grant program. The application deadline is September 30, 2025. This grant is a 50/50 match with the grant funding 50% and the City being required to fund 50%. The application will be requesting $3,327,500.00 towards the purchase of property along the Foley Beach Express. If awarded the grant, the City agrees to provide the required match of $3,327,500.00 for this purchase.
Body
WHEREAS, under Resolution 25-1093, Council approved Goodwyn Mills Cawood (GMC) to assist the City of Foley with an application to the SEED grant program, and
WHEREAS, the application deadline is September 30, 2025, and
WHEREAS, this grant is a 50/50 match with the grant funding 50% and the City being required to fund 50%, and
WHEREAS, the application will be requesting $3,327,500.00 towards the purchase of property along the Foley Beach Express and, if awarded the grant, the City agrees to provide the required match of $3,327,500.00 for this purchase.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Authorizes the grant application to the SEEDS program to request $3,327,500 for the purchase of land on Foley Beach Express with the City to provide the required matching funds of $3,327,500 if the grant is awarded.
SECTION 2: This Resolution shall become effective immediately upon its adoption as required by law.