R2021-165 Resolution Authorizing American Rescue Plan Funds to Children's Museum of Illinois

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AGREEMENT BETWEEN CITY OF DECATUR AND CHILDREN'S MUSEUM OF ILLINOIS REGARDING AMERICAN RESCUE PLAN FUNDS This Agreement ("Agreement") is made and entered into between the City of Decatur, Illinois, an Illinois municipal corporation ("City") and the Children's Museum of Illinois ("CMI"), for and in consideration of the mutual covenants and promises and good and valuable consideration contained herein. WHEREAS, the City has received funds from the American Rescue Plan funds ("ARP"); and, WHEREAS, the ARP funds received by the City may be used for specific eligible activities including providing aid to tourism industries to respond to the negative economic impacts of the COVID-19 pandemic; and, WHEREAS, the CMI is part of the tourism industry that was negatively impacted by the COVID-19 pandemic; and, WHEREAS, the CMI is a major tourism destination in the City and an important part of the tourism industry in the City; and, WHEREAS, the CMI was closed for an extended period of time due to the COVID-19 pandemic; and, WHEREAS, the CMI suffered significant losses and was delayed in any upgrades and improvements as a result of the COVID-19 pandemic; and, WHEREAS, the extended closure, loss of funding and other negative economic impacts on the CMI threatens the long term viability of the CMI. NOW, THEREFORE, in consideration of the mutual promises and covenants, it is agreed between the parties hereto the following: Section 1. The City agrees to provide to CMI the sum of Two Hundred Thousand Dollars ($200,000.00) from its portion of the ARP funds pursuant to and under the terms of this Agreement. Section 2. The CMI shall prepare a sustainability plan ("Plan") setting forth a strategic plan for its continued successful operation which Plan shall be approved by the Board of Directors of the CMI and the City of Decatur's City Manager or his designee. The City shall not be under any obligation to provide any funds to the CMI prior to submission and approval of the Plan as set forth in this section.