Resolution-7432.pdf
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Prosper Portland Resolution No. 7432, adopted September 29, 2021, authorizes the Executive Director to execute an intergovernmental agreement with the City of Portland's Office of Management and Finance to implement economic development projects using $7,395,931 in American Rescue Plan Act Local Fiscal Recovery Funds. The agreement establishes the scope, equity requirements, payment procedures, and reporting requirements for deploying these funds. The Executive Director is granted authority to approve amendments that do not materially increase Prosper Portland's obligations or risks and to distribute funds to partners through subrecipient agreements or contracts.
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