(A) The Town Council hereby acknowledges receipt of notification that the Town of Cedar Lake will be allocated Grant Funds from the ARPA; that as a consequence of same, the Town Council hereby establishes the Town of Cedar Lake ARPA Local Fiscal Recovery Grant Fund in conformance with the provisions of applicable law.
(B) The Town Council hereby directs that all funds allocated to the Town of Cedar Lake from the ARPA, upon receipt, shall be deposited into the newly established Town of Cedar Lake ARPA Local Fiscal Recovery Grand Fund for receipt of same, and use thereafter, consistent with the express and verified purposes of the ARPA. The Town Clerk- Treasurer is hereby directed and authorized to so establish the Town of Cedar Lake ARPA Local Fiscal Recovery Grant Fund in conformance with applicable State and Federal Law. The Clerk- Treasurer shall further deposit any grant funds received from the APRA into the newly established Town ARPA Local Fiscal Grant Fund for eligible and permitted uses consistent with the ARPA requirement.
(C) The Town Clerk-Treasurer, upon receipt of ARPA Grant Funds, shall process additional appropriation proceedings as appropriate and required. Funds deposited into tire Town of Cedar Lake ARPA Local Fiscal Recovery Grant Fund shall be used for any lawful purpose, but only upon the Town Attorney, Town Financial Advisor, and Town Clerk-Treasurer concurring in the eligibility of proposed use of such funds as presented for compliance with the ARPA's Grant Program Law. The Town Clerk-Treasurer is further directed to maintain the requisite and legally required detail of fund usage and expenditures in conformance with applicable law, and to segregate said fund for purposes of audit hereafter by the State Board of Accounts, or any other legal audit agency or entity.
(Ord. 1382, passed 4-20-21)