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Resolution No. 22-09 CITY OF TIGARD, OREGON TIGARD CITY COUNCIL RESOLUTION NO. 22--0 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TIGARD APPROVING THE USE OF AMERICAN RESCUE PLAN ACT (ARPA) FUNDS FOR FISCAL YEAR 2022. WHEREAS, on March 11, 2021, President Biden signed into law HR 1319, the American Rescue Plan Act of 2021 ("ARPA' , which provides financial assistance to individuals, businesses, and state and local government agencies to assist in the economic recovery from the COVID-19 pandemic;and WHEREAS, ARPA includes a provision entitled "Coronavirus State and Local Fiscal Recovery Funds" ("SLFRF'� that includes $350 billion in funding for state and local governments of which $65 billion is dedicated to local government agencies; and WHEREAS,the provisions in SLFRF provide flexibility for each government to meet local needs in four areas: 1) supporting public health response to and economic impacts from the pandemic; 2) provide premium pay for essential workers; 3) replace lost public sector revenues; and 4) invest in water, wastewater and broadband infrastructure;and WHEREAS, the City of Tigard is classified as a metropolitan agency within the provisions of SLFRF and will receive $7,499,726 in federal relief funds divided in two equal payments of $3,749,863 the first payment of which was received in June 2021 and the second payment will be received in June 2022;and WHEREAS, the US Treasury Department ("Treasury') is responsible for administration and distribution of SLFRF funds and issued its Interim Final Rule ("IFR'D on May 10, 2021, its Final Rule ("FWon January 6, 2022, and its Compliance and Reporting Guidance for State and Local Fiscal Recovery Funds ("CRG'� version 3.0 on February 28, 2022, that establishes the provisions and reporting requirements for the use of the SLFRF funds;and WHEREAS, the FR specifies that every local agency is eligible to claim a minimum allowance of Ten Million Dollars ($10,000,000) for revenue replacement resulting from revenue losses incurred during the pandemic, without regard to actual revenue losses so incurred, that reduces the reporting and compliance requirements on the local agency;and WHEREAS, it is in the City's best interest to stipulate to the standard allowance of revenue loss in that the standard allowance exceeds the City's federal relief funds received under the SLFRF, NOW,THEREFORE,BE IT RESOLVED by the Tigard City Council that: SECTION 1: The City will report the use of ARPA SLFRF funds to the US Treasury Department in the "Revenue Replacement—6.1 Provision of Government Services" expenditure category based upon the cost of general government expenditures incurred in the City's General Fund from the period on or after March 1, 2021 through December 31, 2024 until all such funds are exhausted. SECTION 2: The City Manager or designee is authorized to take all actions necessary to comply with the IFR,FR and the CRG. RESOLUTION NO. 22-01 Page 1 SECTION 3: Revenues of $7,499,726 for FY 2022 will be recognized in the General Fund as funds are received. General Fund activities in the amount of $7,499,726 in FY 2022 will be substantiated by the total of expenditures for the provisions of general government services by the General Fund in each fiscal year thereof. SECTION 4: This resolution is effective immediately upon passage. PASSED: This ��o t� day of 2022. cz_ 4�- -, "/, C2� r... Ma r- City of Tigard ATTEST: City Recorder---City of Tigard RESOLUTION NO. 22-0 9 Page 2