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HomeMy WebLinkAbout09931ORDINANCE NO. 9931 AN EMERGENCY ORDINANCE ESTABLISHING PROJECT NO. CI2113 AND BUDGETING AND APPROPRIATING FUNDS ACCEPTED AND DISTRIBUTED TO THE CITY OF PUEBLO FROM THE U.S. TREASURY UNDER THE AMERICAN RESCUE PLAN ACT INTO SAID PROJECT NO. CI2113 RECITALS The following recitals are incorporated in and made a part of this Ordinance. WHEREAS, the U.S. House of Representatives, on March 10, 2021, passed the U.S. Senate-amended H.R. 1319 (P.L. 117-2) known as the American Rescue Plan Act (“ARPA”); and WHEREAS, President Biden signed ARPA on March 11, 2021 and the statute became law on that date; and WHEREAS, ARPA provides $1.9 trillion in additional relief to respond to the novel coronavirus (“COVID-19”); and WHEREAS, based on the federal allocation formula, it is expected that the City of Pueblo will receive approximately $36.7 million in ARPA funds from the U.S. Treasury as follows:  “First Tranche” on May 10, 2021  “Second Tranche” on May 10, 2022; and WHEREAS, all funds distributed to the City under ARPA need to be appropriated into a project fund with appropriate accounting with respect to the use and qualification of such funds; and WHEREAS, the City is obligated to maintain appropriated accounting with respect to use of the distributed funds for eligible expenses and this Ordinance is in furtherance of meeting such obligations; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. Project Number CI2113 is hereby established, and all distributed funds received from the U.S. Treasury pursuant to ARPA by the City of Pueblo in an amount up to $36.7 million are budgeted and appropriated to said project. Distributed funds shall only be used for payment of eligible expenses. SECTION 2. With respect to any eligible expense paid to or from any other project or allotment, the Director of Finance, with the approval of the Mayor and City Council, is authorized to transfer from Project Number CI2113 to said project or allotment those distributed funds received by the City for payment of such eligible expenses. SECTION 3. Savings Clause: The COVID-19 pandemic has been declared an emergency disaster by the Mayor, the Governor of Colorado and the President of the United States. The immediate enactment of this Ordinance is necessary in order to preserve and protect the health, safety and welfare of the residents of the City. Pursuant to Sec. 3-20 of the City Charter, this Ordinance shall become effective on the date of final action by the Mayor and City Council. Action by City Council: Introduced and initial adoption of Ordinance by City Council on May 10, 2021 . Final adoption of Ordinance by City Council on May 17, 2021 . President of City Council Action by the Mayor: ☒ Approved on May 19, 2021 . □ Disapproved on based on the following objections: _ Mayor Action by City Council After Disapproval by the Mayor: □ Council did not act to override the Mayor's veto. □ Ordinance re-adopted on a vote of , on □ Council action on _______ failed to override the Mayor’s veto. President of City Council ATTEST City Clerk City Clerk’s Office Item # S-1 Background Paper for Proposed Ordinance COUNCIL MEETING DATE: May 10, 2021 TO: President Lawrence W. Atencio and Members of City Council CC: Mayor Nicholas A. Gradisar VIA: Marisa Stoller, City Clerk FROM: Daniel C. Kogovsek, City Attorney SUBJECT: AN EMERGENCY ORDINANCE ESTABLISHING PROJECT NO. CI2113 AND BUDGETING AND APPROPRIATING FUNDS ACCEPTED AND DISTRIBUTED TO THE CITY OF PUEBLO FROM THE U.S. TREASURY UNDER THE AMERICAN RESCUE PLAN ACT INTO SAID PROJECT NO. CI2113 SUMMARY: This Ordinance establishes Project No. CI2113 and budgets and appropriates up to $36.7 million in funds which may be distributed to the City from the U.S. Treasury under the American Rescue Plan Act (“ARPA”) for covered costs incurred or to be incurred during the period that begins on March 11, 2021 (the date ARPA became law) and ends on December 31, 2024. PREVIOUS COUNCIL ACTION: Not applicable to this Ordinance. BACKGROUND: The U.S. House of Representatives, on March 10, 2021, passed the U.S. Senate-amended H.R. 1319 (P.L. 117-2) known as the American Rescue Plan Act. President Biden signed ARPA on March 11, 2021 and the statute became law on that date. ARPA provides $1.9 trillion in additional relief to respond to the novel coronavirus (“COVID-19”). For the first time, all 19,000 municipal governments in the U.S. are entitled to a direct, non-competitive federal formula grant from the U.S. Treasury. Based on the federal allocation formula, it is expected that the City of Pueblo will receive approximately $36.7 million in ARPA funds from the U.S. Treasury as follows:  “First Tranche” on May 10, 2021  “Second Tranche” on May 10, 2022 All funds distributed to the City need to be appropriated into a project fund with appropriate accounting with respect to the use and qualification of such funds. FINANCIAL IMPLICATIONS: It is expected that the City of Pueblo will receive approximately $36.7 million in federal funds from the U.S. Treasury under ARPA. BOARD/COMMISSION RECOMMENDATION: Not applicable to this Ordinance STAKEHOLDER PROCESS: Not applicable to this Ordinance ALTERNATIVES: Failure to adopt this ordinance will result in the City Council not authorizing the budget and appropriation of the ARPA funds. RECOMMENDATION: Approval of the Ordinance. Attachments: Proposed Ordinance.