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<br />Request for Action <br /> <br /> <br /> <br /> <br /> <br />To Item Number <br />Mayor and City Council 4.7 <br />Agenda Section Meeting Date Prepared by <br />Consent November 21, 2022 Lori Ziemer, Finance Director <br />Item Description Reviewed by <br />Resolution Authorizing Transfer of ARPA Cal Portner, City Administrator <br />Funds to the Multipurpose Facility Fund <br />Reviewed by <br /> <br /> <br />Action Requested <br />Adopt, by motion, a resolution authorizing the transfer of $655,000 of ARPA funds to the Multipurpose Facility <br />fund. <br /> <br />Background/Discussion <br />Prior to the pandemic, the Multipurpose Facility Fund carried a sizable fund balance. In early 2020 the facility was <br />closed to ensure mandated pandemic precautions could be met. The governor’s emergency order was lifted in July <br />of 2021 and throughout this period operational costs of the facility were offset with existing fund balance due to <br />the revenue loss. <br /> <br />As a result of the pandemic, Congress adopted the American Rescue Plan Act to provide support to local <br />governments faced with the economic impacts due to COVID-19. Eligible uses of ARPA funds include <br />addressing negative economic impacts and revenue replacement. <br /> <br />Financial Impact <br />Transfer $655,000 of ARPA funds to the Multipurpose Facility fund. <br /> <br />Mission/Policy/Goal <br />Meet the needs in an ever-changing environment for a sustainable and prosperous community. <br /> <br />Attachments <br /> Resolution <br /> <br /> <br />The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional <br /> <br />service, and community engagement that encourages and inspires prosperity. <br /> Updated: August 2020 <br />