HomeMy Public PortalAboutResolutions_2024-08_3/11/2024 RESOLUTION NO. 2024-08
RESOLUTION FOR AMERICAN RESCUE PLAN ACT (ARPA)ALLOCATION
WHEREAS,on March 11,2-21,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 finding to state, local, and Tribal governments across the
country to support their response to aid recovery form the Covid-19 public health
emergency; and
WHEREAS, the City of Marcus`received$78,798.59 on August 7th, 2021, and an
additional $263.12 on November 23, 2021. The City of Marcus received $78,798.59 in
August of 2022,which would make the total $157,597.18; and
WHEREAS, SLRF 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 Marcus 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
Marcus, 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:
Water Treatment Plant Water Study$112,000
Grant Administrator$18,839.70 or more due to interest
Total $130,839.70 or more with due to interest
Passed and approved this 11`h day of March 2024.
‘atell-9/7
Mayor-Bunt
(A�T�TEST: o n io ,
Robin A. Harvey, City C1erk/Treh urer