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HomeMy WebLinkAbout2021-150 Council Resolution CITY OF LINO LAKES RESOLUTION NO. 21-150 APPROVING AMERICAN RESCUE PLAN ACT SPENDING PLAN WHEREAS, The American Rescue Plan Act(ARPA)was signed into law on March 11, 2021 and provides relief to cities to enable them to continue to support the response to the pandemic and lay the foundation for a strong economic recovery. WHEREAS, Cities may utilize Local Fiscal Recovery Funds to mitigate the effects of COVID- 19, replace lost revenue, support premium pay, and invest in infrastructure, including water, sewer, and broadband. WHEREAS,the City of Lino Lakes has been allocated $2,417,213.82 of ARPA funds. WHEREAS, as of December 31, 2020 the City has calculated a$1,458,716.00 reduction in revenue presumed to have been due to the COVID-19 public health emergency. The City intends to use these funds for the provision of government services to re-open the Rookery Activity Center and pay-go spending for capital improvements and purchases. WHEREAS,the City is re-opening the vacated YMCA with the goal of creating a community space which promotes physical health and mental well-being. Re-opening costs consist of creating a sustainable recreation center and setting up for a new management model. Physical adaptions for COVID-19 will be considered throughout the project as well as the long-term success of promoting a healthy community. WHEREAS, in addition,pay-go spending for other city facility improvements and the purchase of capital equipment may be considered. WHEREAS,the remaining funds of$958,497.82 will be used to make necessary investments in water, sewer, or broadband infrastructure. NOW,THEREFORE,BE IT RESOLVED by the City Council of the City of Lino Lakes the ARPA Spending Plan is approved as outlined above. Adopted by the City Council of the City of Lino Lakes this 13th day of December 2021. The motion for the adoption of the foregoing resolution was introduced by Councilmember Ruhland and was duly seconded by CouncilmemberCavegn and upon vote being taken thereon, the following voted in favor thereof: Ruhland, Lyden, Cavegn, Stoesz, Rafferty The following voted against same:None afferty, Mayor ATTEST: e Bartell, CiO Cle;F CITY COUNCIL AGENDA ITEM 2C STAFF ORIGINATOR: Hannah Lynch, Finance Director MEETING DATE: December 13, 2021 TOPIC: Approving ARPA Spending Plan VOTE REQUIRED: 3/5 BACKGROUND The City has been allocated $2,417,213.82 of American Rescue Plan Act (ARPA) funds. The funds have been accepted and are planned to be used in a manner consistent with guidance adopted by the United States Department of Treasury. Under current guidance the city is able to calculate lost revenue at four points in time: December 31, 2020; December 31, 2021; December 31, 2022; and December 31, 2023. As of December 31, 2020, the City of Lino Lakes has calculated $1,458,716.00 of lost revenue. The City intends to use the lost revenue funds for the provision of government services to re- open the Rookery Activity Center and, if needed, other pay-go spending for capital improvements and purchases. The City is re-opening the vacated YMCA with the goal of creating a community space which promotes physical health and mental well-being. Re-opening costs consist of creating a sustainable recreation center and setting up for a new management model. Physical adaptions for COVID-19 will be considered throughout the project as well as the long-term success of promoting a healthy community. The Remaining ARPA funds of$958,497.82 are planned to be used to make necessary investments in water, sewer, or broadband infrastructure. The specific project(s) have not been identified at this time. This ARPA Spending Plan is intended to represent the City's current plan for the funds and can be amended, if needed, in the future. RECOMMENDATION Staff recommends approving Resolution No. 21-150, Approving ARPA Spending Plan. ATTACHMENTS Resolution No. 21-150