AGENDA CAPTION:
Title
Consider approval of Resolution 2021-182R, approving a contract to provide funding to Mermaid Society SMTX in the sum of $25,000 from American Rescue Plan Funds for the purpose of supporting the Mermaid Festival which will support the recovery of the community from the COVID-19 Pandemic; and declaring an effective date.
Body
Meeting date: September 7, 2021
Department: Finance, Marie Kalka, Finance Director
Amount & Source of Funding
Funds Required: Click or tap here to enter text.
Account Number: Click or tap here to enter text.
Funds Available: Click or tap here to enter text.
Account Name: Click or tap here to enter text.
Fiscal Note:
Prior Council Action: Click or tap here to enter text.
City Council Strategic Initiative: [Please select from the dropdown menu below]
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Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
? Economic Development - Choose an item.
? Environment & Resource Protection - Choose an item.
? Land Use - Choose an item.
? Neighborhoods & Housing - Choose an item.
? Parks, Public Spaces & Facilities - Choose an item.
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? Core Services
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Master Plan: [Please select the corresponding Master Plan from the dropdown menu below (if applicable)]
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Background Information:
The US Treasury launched the Coronavirus State and Local Fiscal Recovery Fund (CSLFRF) totaling $350B approved through the American Rescue Plan. San Marcos has been designated an allocation of $18,101,483. The City has received half of the funds with remaining funds anticipated to be received in 2022. Funds must be incurred (for the most part) between March 3, 2021 and December 31, 2024 with funds expended by December 31, 2026. Staff recommended and City Council approved the allocation of funds already received of $9,050,741 at their August 3, 2021 Council meeting with the re...
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