RESOLUTION 2023-172
RESOLUTION APPROVING AMERICAN RESCUE PLAN ACT (ARPA) ALLOCATION
WHEREAS, on March 11, 2021, the President of the United States signed into law the American Rescue Plan Act (ARPA) to provide continued relief from the public health and economic impacts of the COVID-19 public health emergency; and
WHEREAS, ARPA created the Coronavirus State and Local Fiscal Recovery Fund (SLFRF) that provided direct funding to state, local, and Tribal governments across the country to support their response to and recovery from the COVID-19 public health emergency; and
WHEREAS, the City of Monticello has accepted an allocation of SLFRF in the amount of $580,149.03, payable in two tranches; and
WHEREAS, the City of Monticello is in receipt of both tranches in the amount of $580,149.03; and
WHEREAS, SLFRF provides needed fiscal relief for recipients that have experienced revenue loss due to the onset of the COVID-19 public health emergency; and
WHEREAS, Treasury presumes that up to $10 million in revenue has been lost due to the public health emergency and recipients are permitted to use that amount (not to exceed the award amount) to fund “government services.”; and
WHEREAS, Recipients may elect a “standard allowance” of $10 million to spend on government services through the period of performance; and
WHEREAS, All recipients may elect to use this standard allowance instead of calculating lost revenue using the formula provided by the U.S. Department of the Treasury, including those with total allocations of $10 million or less; and
WHEREAS, the City of Monticello has the need to fund government services while in the recovery phase of the COVID-19 pandemic.
NOW, THEREFORE IT BE RESOLVED, the City Council of the City of Monticello, Iowa, authorize the following:
Section 1. The following allocation of ARPA funding to fund government services under the replacing lost public sector revenue spending category as follows:
Park Improvement $30,000.00
Fraser Farm trail $101,254.68
General Fund (including Fire, Ambulance, Library, Trees Forever and Berndes Center up to $580,149.03
Total $580,149.03
Passed and Adopted by the City Council of the City of Monticello, Iowa on the 20th day of November, 2023.
David Goedken, Mayor
ATTEST:
Sally Hinrichsen, City Clerk/Treasurer