RESOLUITON
Motion/Request:
title
MOTION to adopt a proposed "Municipal Certification of Resolution Authorizing the Town of Ledyard To Opt-In to the Small Town Economic Assistance Program" as presented in the draft dated July 9, 2024.
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Background:
Currently, it was not known if the Governor and the Bond Commission will authorize a round of STEAP Grants this coming FY- it is at the Governor's discretion.
However, Municipalities can "opt-in" to allow the town to submit a grant request. Municipalities that do not Opt-In cannot apply for STEAP Grants.
Ledyard last opted-in four years ago and the eligibility was a four-year term at which time the Town would need to re-Opt-In for eligibility.
Below is the provisions for Municipalities to Opt-In to the STEAP Grant Program;
The Opt-in period shall be for four years. During that four-year period, municipalities which have opted in are NOT eligible to receive Urban Act fund
Municipalities deemed eligible for the STEAP Opt-In provision may elect to be eligible for said program individually or as part of a group of municipalities in lieu of being eligible for financial assistance under C.G.S. ?4-66c (Urban Act Grants), by a vote of its legislative body or, in the case of a municipality in which the legislative body is a town meeting, its board of selectmen, and submitting a written notice of such vote to the Secretary of the Office of Policy and Management. Any such election shall be for the four-year period following submission of such notice to the secretary and may be extended for additional four-year periods in accordance with the same procedure for the initial elect
It is important to note that once a municipality opts-in to the STEAP program, the opt in period lasts for four years from the submission date of the opt-in request. There is no provision to opt-out prior to the end of the four-year term.
Municipalities which have already opted in, and the term of the opt-in has not expired as of the d...
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