Final FY 2021 Budget Hearing: PUBLIC HEARING CITY OF CRESCENT CITY THE CITY OF CRESCENT CITY COMMISSION WILL HOLD A PUBLIC HEARING FOR THE SECOND AND FINAL READING ON SEPTEMBER 24, 2020 AT 5:15 P.M., CONCERNING THE ADOPTION OF: ORDINANCE 20-03 AN ORDINANCE PROVIDING FOR, APPROVING AND FIXING THE BUDGET; SETTING THE MILLAGE LEVY AT 8.5914; ALLOWING FOR GENERAL OPERATIONS OF THE CITY AND ITS VARIOUS DEPARTMENTS; APPROVING AND FIXING BUDGETS FOR SPECIAL FUNDS AND DEBT SERVICE FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2020 AND ENDING SEPTEMBER 30, 2021. The Hearing will be held via communications media technology in accord with Governor DeSantis Executive Order Number 20-69 issued on March 20, 2020. This meeting may be attended thru electronic media by following the instructions of the following links: Zoom - https://zoom.us/j/94296754065 and YouTube - https://youtube.com/channel/UCak1_7UFM8nqlviX53nzaA Interested members of the public will have two (2) options to submit comments for the record regarding any matter on the agenda or for matters not on the agenda. Option 1:     Email comments before 12 noon the day prior to the meeting to [email protected]om and to the reasonable extent possible they will be read in the record. (400-word limit and assuming emails are received timely). Option 2:     Mail written comments to City Hall at 3 N Summit St, Crescent City, FL 32112and to the reasonable extent possible they will be read in the record. (400-word limit and assuming letters are received timely).   Persons with disabilities requiring accommodations in order to participate in this hearing should contact City Hall at 698-2525 at least 24 hours in advance to request accommodations.  

TEST TW WEATHER

SBA and Treasury Announce New EZ and Revised Full Forgiveness Applications for the Paycheck Protection Program

Today, the U.S. Small Business Administration, in consultation with the Department of the Treasury, posted a revised, borrower-friendly Paycheck Protection Program (PPP) loan forgiveness application implementing the PPP Flexibility Act of 2020, signed into law by President Trump on June 5, 2020.  In addition to revising the full forgiveness application, SBA also published a new EZ version of the forgiveness application that applies to borrowers that: 

·       Are self-employed and have no employees; OR

·    Did not reduce the salaries or wages of their employees by more than 25%, and did not reduce the number or hours of their employees; OR

·      Experienced reductions in business activity as a result of health directives related to COVID-19, and did not reduce the salaries or wages of their employees by more than 25%.

The EZ application requires fewer calculations and less documentation for eligible borrowers.  Details regarding the applicability of these provisions are available in the instructions to the new EZ application form.  Both applications give borrowers the option of using the original 8-week covered period (if their loan was made before June 5, 2020) or an extended 24-week covered period.  These changes will result in a more efficient process and make it easier for businesses to realize full forgiveness of their PPP loan.  

Click here to view the EZ Forgiveness Application.

Click here to view the Full Forgiveness Application.

Disclaimer:  This information provided by the Putnam County Chamber of Commerce for general informational purposes only.  While they endeavor to keep their information up to date and correct, and all information is provided in good faith, they make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information we have provided.  You should not rely upon this material or information for making any business, legal or other decisions.  Any reliance you place on this material is at your own risk.