HomeMy WebLinkAbout2022-026 (Elect Standard Allowance Available Under Revenue Loss Provision of Coronavirus Local Fiscal Recovery Fund Established Under ARPA)City of Stillwater
Washington County, Minnesota
RESOLUTION 2022-026
A RESOLUTION TO ELECT 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, $2,144,882.48 has been allocated to the City of Stillwater("City")
pursuant to the 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, 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, allowing recipients to select between a standard amount of revenue loss or complete
a full revenue loss calculation; and
WHEREAS, recipients that select the standard allowance may use that amount, in
many cases their full award, for government services, with streamlined reporting
requirements.
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Stillwater,
Minnesota, the City elects the standard allowance available under the revenue loss provision
of the American Rescue Plan Act in the amount of $2,144,882.48 to be used for the general
provision of government services.
Adopted by the Stillwater City Council this 1st day of March, 2022.
ATTEST:
Beth Wolf, City Cie
CITY OF STILLWATER
Ted Kozlowski, Mayor
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