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HomeMy WebLinkAboutR17-091 CMC Partnership 2018-2019 Matching Scholarship Funds I Commissioner OUC.Vt-- - moved adoption of the following Resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE,STATE OF COLORADO RESOLUTION NO.2017 - °-t RESOLUTION TO PARTNER WITH COLORADO MOUNTAIN COLLEGE IN APPLYING FOR AND DISTRIBUTING THE COLORADO OPPORTUNITY SCHOLARSHIP 2018-2019 MATCHING FUNDS SCHOLARSHIP WHEREAS the State of Colorado, through the Colorado Opportunity Scholarship (COSI), has provided an opportunity for local counties to apply for scholarship support for students entering postsecondary education;and WHEREAS COSI has required that matching scholarship funds awarded to any county be deposited with, and administered by, a local representative non-profit community foundation; and WHEREAS COSI has required that matching scholarship funds will only be awarded to a county in which the student participants are engaged in a rigorous student success support program;and WHEREAS the school districts contained either in part, or in full, within the boundaries of Eagle County are currently participants within a previously funded COSI vigorous student success support program known as the Mountain Futures Fund (MFF); and WHEREAS MFF was developed in cooperation with Colorado Mountain College (CMC) and has developed a functional framework for administering grant funds awarded by COSI, that is acceptable to COSI, and utilizes local non-profit community foundations; and WHEREAS COSI has indicated that the MFF vigorous student success support program currently funded in part by COSI and in operation at present is provisionally sufficient to meet the requirements of the COSI matching scholarship grant requirements; and WHEREAS the provision of additional scholarship support, to offset the cost of attending post-secondary education and a vigorous student success support program are critical to the continued economic competitiveness of Eagle County; and WHEREAS affordable post-secondary education for the citizens of Eagle County is both a public good and a pathway towards greater individual economic success and greater economic health for Eagle County; and WHEREAS the citizens of Eagle County have an expressed interest in providing affordable and cost-competitive quality post-secondary education for residents of Eagle County. NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF THE COUNTY OF EAGLE,STATE OF COLORADO: THAT the Eagle County Board of County Commissioners approves CMC applying on behalf of Eagle County to COSI for $37,947 in matching scholarship funds through its 2018- 2019 grant opportunity. THAT the Eagle County Board of County Commissioners agrees that the Vail Valley Foundation will be the repository of all funds raised by this COSI grant initiative and will be responsible for the monitoring, distribution, and oversight of these scholarship awards. THAT the Eagle County Board of County Commissioners approves the allocation of all scholarship dollars raised by this 2018-2019 COSI initiative will be first applied to reducing the cost of attendance for eligible Eagle County residents to attend any Colorado public institution of higher education pursuant to a formal two-year degree, four-year degree, technical certificate, or success transfer to another institution of post-secondary education. MOVED, READ AND ADOPTED by the Board of Cgunty Commissioners of the County of Eagle, State of Colorado, at its regular meeting held the Ill ik day of December, 2017. COUNTY OF EAGLE, STATE OF COLORADO,By and Through Its c0G BOARD OF COUNT CO :SIONERS A ST; f �► 4 .,. ,4,,,,... ........„. 9o By: IP Aille !•'rk to the Board of °LORD 1#an . Ryan / County Commissioners hair ♦L.i//L . I I� Kathy Ch,ler-Henry k Commissioner a-tg..0 0ne McQueen yQv ommissioner 4 Commissioner Nn C ('U tut,t 4 u seconded adoption of the foregoing resolution. The roll having been called, the vote was as follows: Commissioner Ryan 4 Commissioner Chandler-Henry l--i4 Commissioner McQueeneyt This resolution passed by vote of the Board of County Commissioners of the County of Eagle, State of Colorado