Warren City Council welcomes guidance from CEO of Community Foundation
Warren City Council invites Shari Harrell, CEO of the Community Foundation of Mahoning Valley, to speak about the vetting process as council members decide how to spend their allotted $500,000 in American Rescue Plan funds.
The vetting process includes "thoroughly investigating an individual, company or other entity before making a decision to go forward with a joint project," according to Investopedia. After investigating, managers, investors and analysts decide whether or not the investment is worthwhile.
Greg Greathouse, finance committee chairman, said the council is an amateur when it comes to the vetting process, so it decided to bring in someone who could help make requests for funds.
Harrell will discuss how the Community Foundation decides to distribute funds, share problems it has run into and provide insight into its process.
Each Warren City Council member was given $500,000 in ARP funds to help the city in different ways. The funds of all council members combined totals about $5 million.
Greathouse said the council members will likely use a portion of the money on sidewalks and road resurfacing.
The meeting is Monday at 4:30 p.m. in Warren City Council's Caucus Room.