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HomeMy WebLinkAboutResolution 2021-0560104 RESOLUTION NO. 2021-056 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ATASCADERO, CALIFORNIA, ACCEPTING THE RECEIPT OF ALL FUNDS AVAILABLE TO THE CITY PURSUANT TO THE AMERICAN RESCUE PLAN ACT OF 2021 WHEREAS, the American Rescue Plan Act of 2021 ("ARPA"), a $1.9 trillion economic COVID-19 stimulus package, was signed into law on March 11, 2021; and WHEREAS, ARPA provides $350 billion for eligible state, local, territorial and Tribal governments to mitigate the fiscal effects of the COVID-19 pandemic; and WHEREAS, the State of California has been allocated $27 billion, $1.2 billion of which will be allocated to non -entitlement units of local government (NEUs); and WHEREAS, the City's allocation as an NEU is estimated to be approximated $7.2 million and does not exceed 75 percent of the City's annual total operating budget, including the General Fund and other funds, in effect as of January 27, 2020; and WHEREAS, the funding is expected to be received in two tranches, one approximately ^ mid-July 2021, and the other approximately 12 months later; and WHEREAS, the funds must be obligated by December 31, 2024, and expended by December 31, 2026; and WHEREAS, funding is subject to the requirements specified in the Interim Final Rules, published by the U.S.Treasury in the Code of Federal Regulations. NOW, THEREFORE BE IT RESOLVED, by the City Council of the City of Atascadero: SECTION 1. The City Council of the City of Atascadero does hereby accept the receipt of all funds available to Atascadero pursuant to the ARPA. SECTION 2. The City hereby agrees to comply with all legal requirements in connection with the receipt and expenditure of all funds available to Atascadero pursuant to the ARPA. City of Atascadero Resolution No. 2021-056 Page 2 of 2 PASSED AND ADOPTED at a regular meeting of the City Council held on the 22nd day of n June,2021. On motion by Council Member Bourbeau and seconded by Council Member Funk, the foregoing Resolution is hereby adopted in its entirety on the following roll call vote: AYES: Council Members Bourbeau, Dariz, Funk, Newsom, and Mayor Moreno NOES: None ABSENT: None ADOPTED: None CITY OF ATASCADERO Heather oreno, Mayor A LaWhrigtensen, itOC Terk APPROVED A)SJO FORM: Brian Pierik, City Attorney n