HomeMy WebLinkAboutItem 02 Approval to Accept the American Rescue Plan Grant tl
ocoee
Florida
AGENDA ITEM COVER SHEET
Meeting Date: November 2, 2021
Item # c2.
Reviewed By:
Contact Name: Rob Frank Department Director:
Contact Number: City Manager: Rob Frank .
Subject: Acceptance of American Rescue Plan Grant
Background Summary:
The American Rescue Plan Act (ARPA) provides significant funding to States and Local Governments to
address the economic and health consequences of the pandemic. The City of Ocoee is a non-entitlement local
government eligible to receive funds distributed through the State of Florida. The City will receive $24,172,699
from the ARPA in the form of a federal grant. The City Commission must formally accept the grant funds.
The use of grant funds is restricted as allowed by federal requirements, therefore, Finance will create a
separate fund to account for the transactions of the funds from the ARPA.
Issue:
Should the City Commission accept grant funds from the American Rescue Plan Act (ARPA) and approve
establishing an ARPA Special Revenue Fund?
Recommendations
Staff recommends the City Commission accept grant funds from the ARPA and authorize the City Manager to
execute necessary agreements. Staff also recommends the City Commission to approve establishing an ARPA
Special Revenue Fund.
Attachments:
None
Financial Impact:
The City will receive $24,172,699 grant funds from the ARPA as revenue to be spent on eligible projects. The
ARPA Special Revenue Fund can be created within City's accounting software at no additional cost.
Type of Item: (please mark with an "x")
Public Hearing For Clerk's Dept Use:
Ordinance First Reading x Consent Agenda
Ordinance Second Reading Public Hearing
Resolution Regular Agenda
X Commission Approval
Discussion&Direction
Original Document/Contract Attached for Execution by City Clerk
Original Document/Contract Held by Department for Execution
Reviewed by City Attorney N/A
Reviewed by Finance Dept. > , Y „ N/A