04-26-2022 Resolution No. 11972RESOLUTION NO. 11972
RESOLUTION ELECTING THE STANDARD ALLOWANCE
AVAILABLE UNDER THE REVENUE LOSS PROVISION OF THE
CORONAVIRUS LOCAL FISCAL RECOVERY FUND
ESTABLISHED UNDER THE AMERICAN RESCUE PLAN ACT
WHEREAS, Congress adopted the American Rescue Plan Act in March 2021
(“ARPA”) which included $65 billion in recovery funds for cities across the country; and
WHEREAS, ARPA funds are intended to provide support to state, local, and
tribal governments in responding to the impact of COVID-19 and in their efforts to
contain COVID-19 in their communities, residents, and businesses; and
WHEREAS, The Fiscal Recovery Funds provides for $19.53 billion in payments
to be made to States and territories which will distribute the funds to nonentitlement
units of local government (“NEUs”); and
WHEREAS, The ARPA requires that States and territories allocate funding to
NEUs in an amount that bears the same proportion as the population of the NEU bears
to the total population of all NEUs in the State or territory; and
WHEREAS, $3,972,846.46 has been allotted to the City of Richfield (“City”)
pursuant to ARPA; and
WHEREAS, The Coronavirus State and Local Fiscal Recovery Funds ensures
that governments have the resources needed to fight the pandemic and support families
and businesses struggling with its public health and economic impacts, maintain vital
public services, even amid declines in revenue, and build a strong, resilient, and
equitable recovery by making investments that support long-term growth and
opportunity; and
WHEREAS, In May 2021, the US Department of Treasury (“Treasury”) published
the Interim Final Rule describing eligible and ineligible uses of funds as well as other
program provisions, sought feedback from the public on these program rules, and
began to distribute funds; and
WHEREAS, on January 6, 2022, the Treasury issued the final rule. The final rule
delivers broader flexibility and greater simplicity in the program, responsive to feedback
in the comment process; and
WHEREAS, the final rule offers a standard allowance for revenue loss of up to
$10 million; and
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WHEREAS, recipients that select the standard allowance may use that amount,
in many cases their full award, for government services, with streamlined reporting
requirements; and
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of
Richfield, Minnesota, the city elects the standard allowance available under the revenue
loss provisions of the American Rescue Plan Act in the amount of $3,972,846.46 to be
used for the general provisions of government services.
Adopted by the City Council of Richfield, Minnesota this 26th day of April, 2022.
Mary B. Supple, Mayor Pro Tempore
ATTEST:
Kari Sinning, City Clerk
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