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2021-150 Council Resolution
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2021-150 Council Resolution
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12/17/2021 7:27:53 PM
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12/17/2021 10:23:05 AM
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City Council
Council Document Type
Resolutions
Meeting Date
12/13/2021
Council Meeting Type
Regular
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CITY COUNCIL <br /> AGENDA ITEM 2C <br /> STAFF ORIGINATOR: Hannah Lynch, Finance Director <br /> MEETING DATE: December 13, 2021 <br /> TOPIC: Approving ARPA Spending Plan <br /> VOTE REQUIRED: 3/5 <br /> BACKGROUND <br /> The City has been allocated $2,417,213.82 of American Rescue Plan Act (ARPA) funds. The <br /> funds have been accepted and are planned to be used in a manner consistent with guidance <br /> adopted by the United States Department of Treasury. <br /> Under current guidance the city is able to calculate lost revenue at four points in time: <br /> December 31, 2020; December 31, 2021; December 31, 2022; and December 31, 2023. As of <br /> December 31, 2020, the City of Lino Lakes has calculated $1,458,716.00 of lost revenue. <br /> The City intends to use the lost revenue funds for the provision of government services to re- <br /> open the Rookery Activity Center and, if needed, other pay-go spending for capital <br /> improvements and purchases. <br /> The City is re-opening the vacated YMCA with the goal of creating a community space which <br /> promotes physical health and mental well-being. Re-opening costs consist of creating a <br /> sustainable recreation center and setting up for a new management model. Physical adaptions <br /> for COVID-19 will be considered throughout the project as well as the long-term success of <br /> promoting a healthy community. <br /> The Remaining ARPA funds of$958,497.82 are planned to be used to make necessary <br /> investments in water, sewer, or broadband infrastructure. The specific project(s) have not been <br /> identified at this time. <br /> This ARPA Spending Plan is intended to represent the City's current plan for the funds and can <br /> be amended, if needed, in the future. <br /> RECOMMENDATION <br /> Staff recommends approving Resolution No. 21-150, Approving ARPA Spending Plan. <br /> ATTACHMENTS <br /> Resolution No. 21-150 <br />
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