AGENDA CAPTION:
Title
Consider approval of Resolution 2022-149R, approving the allocation of $5,401,600.00 in funds received by the City of San Marcos in June 2022 under the American Rescue Plan for projects determined to support the recovery of the community from the COVID-19; and declaring an effective date.
Body
Meeting date: July 5, 2022
Department: City Manager's Office
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: Discussed at the April 19 Council work session and June 29 budget workshop.
City Council Strategic Initiative: [Please select from the dropdown menu below]
Choose an item.
Choose an item.
Choose an item.
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)]
Choose an item.
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 incurred (for the most part) between 3/3/21 and 12/31/24 with funds expended by 12/31/26. The first tranche was allocated last year, and staff has attached the most recent status report to this item.
Staff began a discussion about the second tranche of ARPA funds with Council at their budget workshop ...
Click here for full text