Resolution No. SI-R23-003: Authorizing Conversion of Loans to San Ildefonso Services to Small Business Assistance Grants

At a duly called meeting of the Council of San Ildefonso Pueblo on the 24th day of March , 2023, the following resolution was adopted:

WHEREAS, the Pueblo de San Ildefonso ("Pueblo") received Coronavirus State and Local Fiscal Recovery Funds ("SLFRF") and determined a need to use a portion of these funds to respond to the negative economic impacts on the small businesses owned and operated by the Pueblo or its subsidiaries or operating on the Pueblo's lands; and,

WHEREAS, the Council evaluated the use of the SLFRF to mitigate financial hardship, and the need

to provide technical assistance and other business planning help, capital expenditure and rehabilitation of commercial properties and support services to the small businesses owned and operated by the Pueblo or its subsidiaries or operating on the Pueblo's lands; and,

WHEREAS, in response to the disproportionate impact of the pandemic on these small businesses,

Council provided loans totaling $1,200,000 to San Ildefonso Services, LLC ("SIS, LLC"), a single member limited liability company wholly owned by the Pueblo, for equipment upgrades and capital improvements necessary for continued operation and improved sales at the C-stores owned and operated by SIS LLC, and for the acquisition of an engineering firm to build SIS LLC's capacity to engage in federal contracting and other business ventures; and,

WHEREAS, the Council has determined it to be in the best interest of the Pueblo to convert the loans to SIS LLC to small business assistance grants to mitigate the financial hardships and disproportionate impacts of the pandemic and to build business capacity and to forgive the loan repayments retroactive to November 1, 2021 for the VEI acquisition loan and January 1, 2022 for the C-Store improvement loan.

NOW THEREFORE BE IT RESOLVED, that the Council hereby:

1. Authorizes the Governor to convert and designate the $1,200,000 in SLFRF loans to SIS LLC as small business assistance grants to mitigate financial hardship, to provide technical assistance and other business planning help, capital expenditure and rehabilitation of commercial properties and support services to the small businesses owned and operated by the Pueblo or its subsidiaries or operating on the Pueblo's lands.

2. Directs the Governor to work with SIS to confirm the designation of the loans as small business assistance grants and to develop such grant agreements as necessary.

3. Authorizes and directs the Governor, or his designee to take such actions as deemed necessary to carry out the intent of this Act.

CERTIFICATION

The foregoing resolution was duly voted upon by the Council on March 24 , 2023, at a meeting with a vote of 9 in favor, 0 opposed, 1 abstaining and 0 absent (Governor presiding and not voting) pursuant to the authority vested in the Council by the Agreement of the Pueblo de San Ildefonso.

Irene Tse-Pe, Council Secretary

COUNCIL REPRESENTATIVE SPONSOR(S): Council Representatives

DELIVERY OF THE RESOLUTION TO THE GOVERNOR:

Resolution No. SI-R23-003 was presented to the Governor of the Pueblo de San Ildefonso on the 24^th day of March , 2023, pursuant to the Governing document of the Pueblo de San Ildefonso ("Agreement"), GOVERNOR, Sec. 4(c), and will become effective after signature by the Governor or veto override by the Council.

Irene Tse-Pe, Council Secretary

GOVERNOR'S ACTION:

{ } APPROVED

{ } VETO - RETURNED TO COUNCIL WITH EXPLANATION:

On this 24^th day of March , 2023.

Christopher A. Moquino, Governor

Presented by the Governor to the Council on the _______ day of ________________, 2023.

COUNCIL'S ACTION:

Override of Governor's veto:

{ } YES

{ } NO

CERTIFICATION

The foregoing resolution was duly voted upon by the Council on _________________, 2023, at a meeting with a vote of ______ in favor, _____ opposed, _____ abstaining and _____ absent (Governor presiding and not voting) pursuant to the authority vested in the Council by the Agreement of the Pueblo de San Ildefonso.

Irene Tse-Pe, Council Secretary

ACT AUTHORIZING CONVERSION OF LOANS TO SAN ILDEFONSO SERVICES TO SMALL BUSINESS ASSISTANCE GRANTS

Section 1.1. Short Title

This enactment shall be known as the "ACT AUTHORIZING CONVERSION OF LOANS TO SAN ILDEFONSO SERVICES TO SMALL BUSINESS ASSISTANCE GRANTS" ("Act")."

Section 1.2. Purpose

The Purpose of this resolution is to authorize the conversion of loans made to SIS LLC from Coronavirus State and Local Fiscal Recovery Funds ("SLFRF") monies to small business assistance grants utilizing SLFRF monies.

Section 1.3. Findings

(a) The Pueblo de San Ildefonso ("Pueblo") received Coronavirus State and Local Fiscal Recovery Funds ("SLFRF") and determined a need to use a portion of these funds to respond to the negative economic impacts on the small businesses owned and operated by the Pueblo or its subsidiaries or operating on the Pueblo's lands.

(b) The Council evaluated the use of the SLFRF to mitigate financial hardship, and the need to provide technical assistance and other business planning help, capital expenditure and rehabilitation of commercial properties and support services to the small businesses owned and operated by the Pueblo or its subsidiaries or operating on the Pueblo's lands.

(c) In response to the disproportionate impact of the pandemic on these small businesses, Council provided loans totaling $1,200,000 to San Ildefonso Services, LLC ("SIS, LLC"), a single member limited liability company wholly owned by the Pueblo, for equipment upgrades and capital improvements necessary for continued operation and improved sales at the C-stores owned and operated by SIS LLC, and for the acquisition of an engineering firm to build SIS LLC's capacity to engage in federal contracting and other business ventures.

(d) The Council has determined it to be in the best interest of the Pueblo to convert the loans to SIS LLC to small business assistance grants to mitigate the financial hardships and disproportionate impacts of the pandemic and to build business capacity and to forgive the loan repayments retroactive to November 1, 2021 for the VEI acquisition loan and January 1, 2022 for the C-Store improvement loan.

Section 1.4. Authorizations

The Council hereby:

(a) Authorizes the Governor to designate the $1,200,000 in SLFRF loans to SIS LLC as small business assistance grants to mitigate financial hardship, to provide technical assistance and other business planning help, capital expenditure and rehabilitation of commercial properties and support services to the small businesses owned and operated by the Pueblo or its subsidiaries or operating on the Pueblo's lands and to forgive the loan payments retroactive to November 1, 2021 for the VIE Acquisition loan and January 1, 2022 for the C-Store Improvement loan.

(b) Directs the Governor to work with SIS to confirm the designation of the loans as grants and to develop such grant agreements as necessary.

(c) Authorizes and directs the Governor, or his designee to take such actions as deemed necessary to carry out the intent of this Act.