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<br /> <br />City of Elk River <br /> <br />City Council <br /> <br />Resolution 22-____ <br /> <br />A Resolution of the City Council of the City of Elk River to Elect the <br />Standard Allowance Available Under the Revenue Loss Provision of the <br />Coronavirus Local Fiscal Recovery Fund Established Under the American <br />Rescue Plan Act <br /> <br />WHEREAS, Congress adopted the American Rescue Plan Act in March 2021 <br />(“ARPA”) which included $65 billion in recovery funds for cities across the country. <br /> <br />WHEREAS, ARPA funds are intended to provide support to state, local, and tribal <br />governments in responding to the impact of COVID-19 and in their efforts to contain <br />COVID-19 in their communities, residents, and businesses. <br /> <br />WHEREAS, the Fiscal Recovery Funds provides for $19.53 billion in payments to be <br />made to States and territories which will distribute the funds to nonentitlement units of <br />local government (NEUs). <br /> <br />WHEREAS, the ARPA requires that States and territories allocate funding to NEUs in <br />an amount that bears the same proportion as the population of the NEU bears to the total <br />population of all NEUs in the State or territory. <br /> <br />WHEREAS, $2.755 million has been allocated to the City of Elk River (“City”) <br />pursuant to the ARPA. <br /> <br />WHEREAS, the Coronavirus State and Local Fiscal Recovery Funds ensures that <br />governments have the resources needed to fight the pandemic and support families and <br />businesses struggling with its public health and economic impacts, maintain vital public <br />services, even amid declines in revenue, and build a strong, resilient, and equitable <br />recovery by making investments that support long-term growth and opportunity. <br /> <br />WHEREAS, in May 2021, the US Department of Treasury (“Treasury”) published the <br />Interim Final Rule describing eligible and ineligible uses of funds as well as other <br />program provisions, sought feedback from the public on these program rules, and began <br />to distribute funds. <br /> <br />WHEREAS, on January 6, 2022, Treasury issued the final rule. The final rule delivers <br />broader flexibility and greater simplicity in the program, responsive to feedback in the comment <br />process. <br /> <br /> <br /> <br />