Town Council calls special meeting for Monday to consider support programs amid COVID-19 outbreak
Town Council will hold a special meeting at 5 p.m. Monday, March 30, to discuss assistance programs for community members and local businesses impacted by the COVID-19 pandemic. This will be a virtual meeting; residents wishing to participate may submit comments on public hearing items online at CRgov.com/CouncilComments
through 1 p.m. Monday. Live public comment may also be provided online during the meeting, which will be accessible via CRgov.com/March30Council
Here is a look at the agenda items:
- Resolution approving customer assistance programs through Castle Rock Water – Town Council will be asked to approve a resolution to establish assistance programs for Castle Rock Water customers impacted by COVID-19. The programs were developed in response to the economic challenges the pandemic is presenting for residential customers and small businesses.
If approved, qualifying small businesses would be eligible for a $750 microloan and a $750 grant to help offset water bill costs. Microloans would be paid back over a 12-month period. Residential customers who have lost their jobs or had work hours reduced would also be eligible for financial assistance. Customers could apply for a $150 microloan and a $150 grant.
The Town is currently not charging disconnect fees, late fees and not sufficient fund fees for all customers during the pandemic and has also suspended water shut-offs. The proposed customer assistance programs would be funded through Castle Rock Water’s Rate Revenue Stabilization Reserves. If approved, additional information will be made available at CRgov.com/CRWaterCares.
- Resolution approving funding for COVID-19 KIVA Community Loan Program – The Castle Rock Economic Development Council will ask Town Council to authorize the Town Manager and the CEO of the Castle Rock EDC to launch the Castle Rock COVID-19 KIVA Community Loan Program. The program would encourage businesses to seek crowdsourcing funding through KIVA, a nonprofit lending platform.
If approved, businesses could pursue loans of up to $15,000 at 0% interest. The EDC is requesting the Town support up to 50 local businesses through the program, at a maximum amount of $1,000 per business. Additional information about how the process works is online at kiva.org/about/how. The EDC will share additional details with local businesses if the program is approved.