22-028 (04-05) Elect Standard Allowance Recovery Fund American Rescue ActRESOLUTION NO. 22-028
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.
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.
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 non -entitlement
units of local government (NEUs).
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.
WHEREAS, $2,391,751.06 has been allocated to the City of Golden Valley
(“City”) pursuant to the ARPA.
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.
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.
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.
WHEREAS, the final rule offers a standard allowance f or 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.
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WHEREAS, recipients that select the standard allowance may use that amount,
in many cases their full award, for government services, with streamlined reporting
requirements.
WHEREAS, the following Resolutions were approved using the Standard
Allowance Available Under the Revenue Loss Provision;
Resolution No. 21-40 Accepting the Coronavirus Local Fiscal Recovery Fund
Established Under the American Rescue Plan Act
Resolution No. 21-104 Accepting the Redistribution of Unrequested Coronavirus
Local Fiscal Recovery Fund Established Under the American rescue Plan Act (ARPA)
Resolution No. 21-105 Allocating American Rescue Plan Act (ARPA) Monies for
Those That Help Tourism
Resolution No. 21-106 Allocating Rescue Plan Act (ARPA) Funds For Brookview
Facility
Resolution No. 22-001 Allocating ARPA Funds to HRA to Implement A Rent and
Household Assistance Program
Resolution No. 22-002 Allocating ARPA Funds to HRA to Implement A Housing
Navigating Services Program
Resolution No. 22-024 Allocating American Rescue Plan Act (ARPA) Funds for
Brookview Facility, Department of Motor Vehicles (DMV) and General Fund For Public
Safety Technology
NOW THEREFORE, BE IT RESOLVED, by the City Council of the City of
Golden Valley, Minnesota, the City elects the standard allowance available under the
revenue loss provision of the American Rescue Plan Act in the amount of
$2,391,751.06 to be used for the general provision of government services and in
accordance with the spending plan outlined as attached in Exhibit A.
Adopted by the City Council of Golden Valley, Minnesota this 5th day of April 5, 2022.
__________________________________
Shepard M. Harris, Mayor
ATTEST:
_______________________
Theresa Schyma, City Clerk
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