RESOLUTION ADOPTED BY BOARD OF DIRECTORS OF A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION _____ [Corporation Name]___ The following is a true and correct copy of the resolutions adopted at a duly called meeting of the Board of Directors of this Corporation held on [Month, Day Year], at which meeting a quorum of the Board of Directors was present and voting throughout pursuant to the laws of the State of California: WHEREAS, [Corporation], a California public benefit nonprofit corporation (“Corporation”) intends to apply for a grant from the Nonprofit Space Stabilization Program (“NSSP”), a program of the Nonprofit Space Initiative, funded by the Mayor’s Office of Economic and Workforce Development and administered by the Northern California Community Loan Fund (“NCCLF”); WHEREAS, the NSSP grants are available to organizations located in San Francisco County that are facing permanent displacement, or have been previously displaced with lease renewals at significantly higher rates, or are facing barriers to growth due to real estate constraints. WHEREAS, the NSSP grants are intended to support one-time costs related to displacement or barriers to growth including professional services, rent stipends, moving expenses, holding costs, tenant improvements, and furnishings, fixtures and equipment. WHEREAS, the NSSP grant application is a competitive process with applications reviewed by an independent Selection Committee; WHEREAS, Corporation’s NSSP grant application is to support the one-time costs related to the lease execution at [address of new lease/renewal], which include [proposed use of funds rent stipend, moving, professional fees, etc]; – WHEREAS, the Board acknowledges that it has reviewed the NSSP Program Guidelines; and WHEREAS, the Board acknowledges that, per the NSSP Program Requirements, each Board member has made a monetary contribution to the Corporation. NOW, THEREFORE, BE IT RESOLVED, that the Executive Director of Corporation, is hereby authorized to for and execute documents related to the NSSP grant application. [Corporate Secretary Name], Secretary ______________________________________ Date
RESOLUTION ADOPTED BY BOARD OF DIRECTORS OF A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION _____ [Corporation Name]___ The following is a true and correct copy of the resolutions adopted at a duly called meeting of the Board of Directors of this Corporation held on [Month, Day Year], at which meeting a quorum of the Board of Directors was present and voting throughout pursuant to the laws of the State of California: WHEREAS, [Corporation], a California public benefit nonprofit corporation (“Corporation”) intends to apply for a grant from the Nonprofit Space Stabilization Program (“NSSP”), a program of the Nonprofit Space Initiative, funded by the Mayor’s Office of Economic and Workforce Development and administered by the Northern California Community Loan Fund (“NCCLF”); WHEREAS, the NSSP grants are available to organizations located in San Francisco County that are facing permanent displacement, or have been previously displaced with lease renewals at significantly higher rates, or are facing barriers to growth due to real estate constraints. WHEREAS, the NSSP grants are intended to support one-time costs related to displacement or barriers to growth including professional services, rent stipends, moving expenses, holding costs, tenant improvements, and furnishings, fixtures and equipment. WHEREAS, the NSSP grant application is a competitive process with applications reviewed by an independent Selection Committee; WHEREAS, Corporation’s NSSP grant application is to support the one-time costs related to the lease execution at [address of new lease/renewal], which include [proposed use of funds – rent stipend, moving, professional fees, etc]; WHEREAS, the Board acknowledges that it has reviewed the NSSP Program Guidelines; and WHEREAS, the Board acknowledges that, per the NSSP Program Requirements, each Board member has made a monetary contribution to the Corporation. NOW, THEREFORE, BE IT RESOLVED, that the Executive Director of Corporation, is hereby authorized to for and execute documents related to the NSSP grant application. [Corporate Secretary Name], Secretary ______________________________________ Date
NSSP-Template-BOD-Resolution.docx