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HomeMy WebLinkAboutR15-101 CMC Matching Funds Scholarship 2015-2016 Commissioner 1/1/1 6- Q t1I/ , ,L`, moved adoption of the following Resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION NO. 2015- l() Resolution Concerning a Partnership with Colorado Mountain College in Applying For and Distributing the Colorado Opportunity Scholarship 2015-2016 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+V.O ` sus student success support program; and +} °� � WHEREAS,the school districts contained e h r.id rt,Sir in full, within the boundaries of this county are currently participants within a previ tf4iddd 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 this county; and WHEREAS, affordable post-secondary education for the citizens of this county is both a public good and a pathway towards greater individual economic success and greater economic health for this county; and WHEREAS,the citizens of this county have an express interest in providing affordable and cost-competitive quality post-secondary education for residents of thi �,i;,3s ; a '�. TO FORM By: ;Mali�..........� Eagle Munty Attorney's Office By: Eagle County Commissioners' Office NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF THE COUNTY OF EAGLE, STATE OF COLORADO: THAT,that the Eagle County Board of Commissioners hereby approves the following: upon identifying matching funds sufficient to draw the state match, the partnership between CMC and the Vail Valley Foundation may apply on behalf of Eagle County to COSI for$38,886 in scholarship funds through the 2015-2016 COSI grant opportunity. THAT, the Eagle County Board of 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 Commissioners hereby approves the allocation of all scholarship dollars raised by this 2015-2016 COSI initiative to be applied to reducing the cost of attendance for eligible Eagle residents to attend an eligible postsecondary institution to pursue a formal two-year degree, four-year degree, or technical certificate. MOVED,READ AND ADOPTED by the Board of County Commissioners of the County of Eagle, State of Colorado, at its regular meeting held the 8th day of December, 2015. COUNTY OF EAGLE, STATE OF Of COLORADO,By and Through Its le 1, ' o ;OARD OF COUNTY COMMISSIONERS ATTEST: * ,A e / Immix ' . 'r' : DO By: adiL . Clerk to the"oard of Kathy r andler-Henry S County Commissioners Chair anne McQueen . ommissioner Jillian H. Ryan Commissioner Commissioner e..l.l- s0-10ut rt - seconded adoption of the foregoing resolution. The roll having been called, the vote was as follows: Commissioner Chandler-Henry 4-vt " Commissioner McQueeney y Commissioner Ryan This Resolution passed by / 0) vote of the Board of County Commissioners of the County of Eagle, State of Colorado.