AGENDA CAPTION:
Title
Consider approval of Resolution 2024-61R, approving the reallocation of $982,063.00 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: April 16, 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 12/31/24 with funds expended by 12/31/26. The first tranche was allocated in 2021, and the second tranche was allocated in 2022 and 2023.
City Council provided direction at the April 2 Council Work Session to move forward with the reallocation of $982,063 in American Rescue Plan funding. The projects with available funding and those that need...
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