AGENDA CAPTION:
Title
Consider approval of Resolution 2024-141R, approving the reallocation of $1,010,418.15 in funds received by the City of San Marcos under the American Rescue Plan to support the recovery of the community from COVID-19; and declaring an effective date.
Body
Meeting date: August 20, 2024
Department: City Manager's Office
Amount & Source of Funding
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Funds Available: Click or tap here to enter text.
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Fiscal Note:
Prior Council Action: Click or tap here to enter text.
City Council Strategic Initiative: [Please select from the dropdown menu below]
Public Safety, Core Services & Fiscal Excellence
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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.
? Transportation - Choose an item.
? Core Services
? Not Applicable
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 totaling $350B approved through the American Rescue Plan. San Marcos has received an allocation of $18,101,483. The City received half of the funds in June 2021 and the remaining funds in June 2022. Funds must be obligated by December 31, 2024 with funds expended by December 31, 2026. The first tranche was allocated in 2021, and the second tranche was allocated in 2022 and 2023.
City Council provided direction at the August 5 Council Work Session to move forward with the reallocation of $1,010,418.15 in American Rescue Plan funding. The projects with available ...
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