To: Board of Supervisors
From: County Administrative Office
Agenda Section: Consent
Vote Requirement: Majority
SUBJECT:
title
Authorization of American Rescue Plan Act Child Care Loans to North Coast Children's Services in the Amount of $350,000, and First 5 Humboldt in an Amount of Not Less Than $500,000 for Child Care Facility Projects
end
RECOMMENDATION(S):
Recommendation
That the Board of Supervisors:
1. Authorize North Edge Financing to execute and administer a child care facility loan to North Coast Children's Services (NCS) in the total amount of $350,000 to help complete construction of the NCS child care facility at 307 N Street, Eureka, after review and approval by County Counsel and the County Administrative Office; and
2. Authorize North Edge Financing to execute and administer a child care facility loan to First 5 Humboldt (through its supporting 501(c)(3) entity, the Humboldt Children and Families Foundation) in an amount of not less than $500,000 to support the child care-serving facility project at 902 E Street, Eureka, after review and approval by County Counsel and the County Administrative Office; and
3. Direct the County Administrative Officer, or designee thereof, to amend the county's agreement with North Edge Financing as necessary to administer, underwrite, and service the loans described above and to disburse the associated ARPA funds prior to the Dec. 31, 2026, federal expenditure deadline.
Body
STRATEGIC PLAN:
This action supports the following areas of your Board's Strategic Plan:
Area of Focus: A Diverse, Equitable & Robust Economy
Strategic Plan Category: 2005 - Access to child care
DISCUSSION:
Background
In 2022, your Board created the Humboldt Child Care Stabilization Fund (HCCSF) using a portion of the county's American Rescue Plan Act (ARPA) State and Local Fiscal Recovery Funds allocation. The county contracted with North Edge Financing (formerly Arcata Economic Development Corporation), who has administe...
Click here for full text