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HomeMy WebLinkAboutResolution 22-008A Resolution Approving Brookings Scholarship Program Funding Whereas, the City of Brookings values the impact of continued community success through the attainment of education; and Whereas, the City Council desires a program for Brookings area youth to attain an education beyond high school and reduce the cost to area families; and Whereas, the attainment of education beyond high school can increase annual median earnings, decrease crime and associated costs as well as increase quality of life; and Whereas, the program will provide $100,000 annually for the next five (5) years from the Brookings Municipal Liquor Store reserves with $80,000 directed towards South Dakota State University and $20,000 to South Dakota Technical Schools; and Whereas, those administering the scholarship programs will provide a report, and City Council will determine the continuation of the funding annually based on this report; and WhereasAhe scholarships will ' target workforce needs of Brookings area businesses ,?-nd those students whom may attend South Dakota State University and one of Sout Dakota Technical Schools; and I Whereas, this Resolution is intended to authorize the use of Brookings Municipal Liquo Store Reserves and allow the City to enter into an agreement with the South Dakota State University Foundation and South Dakota Technical College equivalent to administer a scholarship program; and I ft"'ow, Therefore, It Is Hereby Resolved by the City Council of the City of Brookings, South Dakota that staff is authorized to enter into an agreement for the administration of scholarships. Passed and approved this 1 1th day of January, 2022. N 0 FI II III pi WI-FAII hTO � wji i ATTEST: IL osterCity Clerk vll 0