HomeMy WebLinkAbout237-22 RESOLUTION113 West Mountain Street
Fayetteville, AR 72701
(479) 575-8323
Resolution: 237-22
File Number: 2022-0932
REPEAL REDUCTION OF ELECTION STANDARD ALLOWANCE:
A RESOLUTION TO REPEAL RESOLUTION 89-22 AND TO AUTHORIZE THE
REDUCTION OF THE ELECTION OF THE STANDARD ALLOWANCE OF $10,000,000.00
IN REVENUE LOSSES DUE TO THE PUBLIC HEALTH EMERGENCY CREATED BY THE
COVID-19 PANDEMIC FROM THE PREVIOUSLY AWARDED AMERICAN RESCUE PLAN
ACT FUNDS TO THE CALCULATED LOSS OF $6,914,393.00
WHEREAS, the overview of the U.S. Treasury Final Rule of Coronavirus State and Local Fiscal
Recovery Funds provided that a "standard allowance" of $10,000,000.00 in awarded funds may be
claimed as public revenue loss for a municipality; and
WHEREAS, on April 19, 2022 the City Council approved Resolution 89-22 authorizing the election
of the standard allowance of $10,000,000.00; and
WHEREAS, the actual City revenue loss was calculated to be $6,914,393.00; and
WHEREAS, although this does not increase the total amount awarded, it allows more flexibility in the
expenditure of American Rescue Plan Act funds received by the City.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
Section 1: That the City Council of the City of Fayetteville, Arkansas hereby repeals Resolution 89-22
and authorizes the reduction of the election of the standard allowance of $10,000,000.00 in revenue
losses due to the public health emergency created by the Covid-19 pandemic from the previously
awarded American Rescue Plan Act funds to the calculated loss of $6,914,393.00.
Page 1 Punted on 1015122
Resolution: 237-22
File Number: 2022-0932
PASSED and APPROVED on 10/4/2022
Attest:
Mfon, City Clerk Treasurer
I'
Page 2 Printed on 1015122
City of Fayetteville, Arkansas 113 West Mountain Street
Fayetteville, AR 72701
(479)575-8323
Text File
File Number: 2022-0932
Agenda Date: 10/4/2022 Version: 1 Status: Passed
In Control: City Council Meetinq File Type: Resolution
Agenda Number: C.1
REPEAL REDUCTION OF ELECTION STANDARD ALLOWANCE:
A RESOLUTION TO REPEAL RESOLUTION 89-22 AND TO AUTHORIZE THE REDUCTION OF
THE ELECTION OF THE STANDARD ALLOWANCE OF $10,000,000.00 IN REVENUE LOSSES
DUE TO THE PUBLIC HEALTH EMERGENCY CREATED BY THE COVID-19 PANDEMIC FROM
THE PREVIOUSLY AWARDED AMERICAN RESCUE PLAN ACT FUNDS TO THE CALCULATED
LOSS OF $6,914,393.00
WHEREAS, the overview of the U.S. Treasury Final Rule of Coronavirus State and Local Fiscal Recovery
Funds provided that a "standard allowance" of $10,000,000.00 in awarded funds may be claimed as public
revenue loss for a municipality; and
WHEREAS, on April 19, 2022 the City Council approved Resolution 89-22 authorizing the election of the
standard allowance of $10,000,000.00; and
WHEREAS, the actual City revenue loss was calculated to be $6,914,393.00; and
WHEREAS, although this does not increase the total amount awarded, it allows more flexibility in the
expenditure of American Rescue Plan Act funds received by the City.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
Section 1: That the City Council of the City of Fayetteville, Arkansas hereby repeals Resolution 89-22 and
authorizes the reduction of the election of the standard allowance of $10,000,000.00 in revenue losses due to
the public health emergency created by the Covid-19 pandemic from the previously awarded American Rescue
Plan Act funds to the calculated loss of $6,914,393.00.
City of Fayetteville, Arkansas Page 1 Printed on 101512022
Received by Council Member Kinion
on 9/27/22 at 3:51 PM.
Legistar ID No.: 2022- 0932
AGENDA REQUEST FORM
FOR: Council Meeting of October 4, 2022
FROM: Council Member Mark Kinion
ORDINANCE OR RESOLUTION TITLE AND SUBJECT:
A RESOLUTION TO REPEAL RESOLUTION 89-22 AND TO AUTHORIZE THE
REDUCTION OF THE ELECTION OF THE STANDARD ALLOWANCE OF
$10,000,000.00 IN REVENUE LOSSES DUE TO THE PUBLIC HEALTH EMERGENCY
CREATED BY THE COVID-19 PANDEMIC FROM THE PREVIOUSLY AWARDED
AMERICAN RESCUE PLAN ACT FUNDS TO THE CALCULATED LOSS OF
$5,914,393.00
APPROVED FOR AGENDA:
Asst.
Council ber Da e
Attorney Blake Pennington
Approved as to form
zI /z2-
Date
RESOLUTION NO.
A RESOLUTION TO REPEAL RESOLUTION 89-22 AND TO AUTHORIZE THE
REDUCTION OF THE ELECTION OF THE STANDARD ALLOWANCE OF $10,000,000.00
IN REVENUE LOSSES DUE TO THE PUBLIC HEALTH EMERGENCY CREATED BY
THE COVID-19 PANDEMIC FROM THE PREVIOUSLY AWARDED AMERICAN RESCUE
PLAN ACT FUNDS TO THE CALCULATED LOSS OF $6,914,393.00
WHEREAS, the overview of the U.S. Treasury Final Rule of Coronavints State and Local
Fiscal Recovery Funds provided that a "standard allowance" of $10,000,000.00 in awarded funds
may be claimed as public revenue loss for a municipality; and
WHEREAS, on April 19, 2022 the City Council approved Resolution 89-22 authorizing the
election of the standard allowance of $10,000,000.00; and
WHEREAS, the actual City revenue loss was calculated to be $6,914,393.00; and
WHEREAS, although this does not increase the total amount awarded, it allows more flexibility
in the expenditure of American Rescue Plan Act funds received by the City.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FAYETTEVILLE,ARKANSAS:
Section 1: That the City Council of the City of Fayetteville, Arkansas hereby repeals Resolution
89-22 and authorizes the reduction of the election of the standard allowance of $10,000,000.00 in
revenue losses due to the public health emergency created by the Covid-19 pandemic from the
previously awarded American Rescue Plan Act funds to the calculated loss of $6,914,393.00.
PASSED and APPROVED this 4" day of October, 2022.
APPROVED:
By:
LIONELD JORDAN, Mayor
ATTEST:
By:
KARA PAXTON, City Clerk/Treasurer