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WHEREAS, the final rule offers a standard allowance for revenue loss of up to $10 <br />million, allowing recipients to select between a standard amount of revenue loss or <br />complete a full revenue loss calculation. <br />WHEREAS, recipients that select the standard allowance may use that amount, in many <br />cases their full award, for government services, with streamlined reporting requirements. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk <br />River, Minnesota, as follows: The City elects the standard allowance available under the <br />revenue loss provision of the American Rescue Plan Act in the amount of $2.755 million to <br />be used for the general provision of government services. <br />Passed and adopted this 22nd day of February 2022. <br />6 <br />hn J. ietz, or <br />ATTE <br />i <br />Tina Allard, City Clerk <br />K <br />EIII II <br />:v:I <br />