RES 22-64City of Elk River
ver City Council
Resolution 22-64
A Resolution of the City Council of the City of Elk River Authorizing a
Transfer from the ARPA Fund to the Multipurpose Facility Fund
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, $2.755 million has been allocated to the City of Elk River ("City") pursuant
to the ARPA ("Allocation").
WHEREAS, the Coronavirus State and Local Fiscal Recovery Funds ensures that
governments have the resources needed to fight the pandemic and support families and
y 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, the United States Department of Treasury has adopted guidance regarding
the use of ARPA funds.
WHEREAS, on January 6, 2022, Treasury issued the final rule. The final rule offered a
standard allowance for revenue loss of up to $10 million with broader flexibility and
streamlined reporting requirements.
WHEREAS, recipients that select the standard allowance may use that amount for
government services.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk
River, Minnesota, as follows: The transfer of $655,000 from the ARPA Fund to the
Multipurpose Facility Fund.
r0 V I a E 0 01ATURE
Passed and adopted this 21st day of November 2022.
J J. ietz, M, yor
ATTEST:
Tina Allard, City Clerk
PO1EREI 11
NATUR