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CITY COUNCIL <br /> AGENDA ITEM 1G <br /> STAFF ORIGINATOR: Hannah Lynch, Finance Director <br /> MEETING DATE: June 14, 2021 <br /> TOPIC: Accepting the American Rescue Plan Act Funds <br /> VOTE REQUIRED: 3/5 <br /> INTRODUCTION <br /> On May 10, 2021, the U.S. Department of the Treasury launched the Coronavirus State and <br /> Local Fiscal Recovery Funds, established by the American Rescue Plan Act (ARPA) of 2021, <br /> to provide $350 billion in emergency funding for eligible state, local, territorial, and Tribal <br /> governments. Treasury also released details on how these funds can be used to respond to acute <br /> pandemic response needs, fill revenue shortfalls among these governments, and support the <br /> communities and populations hardest-hit by the COVID-19 crisis. <br /> BACKGROUND <br /> The City of Lino Lakes is estimated to receive a total of $2.3 million in ARPA funds. The <br /> funds will come in two payments; one in the summer of 2021 and the second 12 months after <br /> the first payment. <br /> The League of Minnesota Cities developed a model resolution to accept ARPA funds. There is <br /> not a specific requirement in the law that cities pass a resolution but it is a formal way to <br /> acknowledge that the city will be receiving the funds and grants staff the autholity to take the <br /> necessary steps once the process is open through Minnesota Management and Budget. <br /> RECOMMENDATION <br /> Staff is recommending approval of Resolution No. 20-49. <br /> ATTACHMENTS <br /> Resolution 21-49 <br />