(A) There is created a new local grant fund within the Clerk-Treasurer’s office that shall be titled “ARP Coronavirus Local Fiscal Recovery Fund,” that the Clerk-Treasurer has issued a fund number of 176 with respect to these monies, and that such monies shall be non-reverting.
(B) The uses of this Fund are specified in § 603(c) of the ARPA and shall be used in accordance with U.S. Treasury guidance, as amended:
(1) To respond to the public health emergency with respect to the Coronavirus Disease 2019 (COVID-19) or its negative economic impacts, including assistance to households, small businesses, and nonprofits, or to aid the impacted industries such as tourism, travel and hospitality;
(2) To respond to workers performing essential work during the COVID-19 public health emergency by providing premium pay to eligible works of the metropolitan city, non-entitlement unit of local government or county that are performing such essential work, or by providing grants to eligible employers that have eligible workers who perform essential work;
(3) For the provision of government services to the extent of the reduction in revenue of such metropolitan city, non-entitlement unit of local government, or county due to the COVID-19 public health emergency relative to revenues collected in the most recent full fiscal year of the metropolitan city, non-entitlement unit of local government or county prior to the emergency; or
(4) To make necessary investments in water, sewer or broadband infrastructure as approved by the U.S. Treasury.
(5) A metropolitan city, non-entitlement unit of local government, or county receiving a payment from funds made available under this section may transfer funds to a private nonprofit organization (as that term is defined in paragraph (17) of § 401 of the McKinney-Vento Homeless Assistance Act (42 U.S.C. § 11360(17)), a public benefit corporation involved in the transportation of passengers or cargo, or a special-purpose unit of state or local government.
(C) The monies of the Fund shall be appropriated by the City Council (the “Council”) before expenditure and all expenditures shall be approved by the Council with any and all claims to be paid from the Fund.
(D) The Council will encourage public input in order to create the plan, conditions, and rules (together, the “Plan”), upon which the monies are to be requested and used.
(E) The Plan is attached to Ord. 1175 as “Exhibit A” and may be amended.
(F) The Clerk-Treasurer shall keep accurate and complete financial records of the receipt and expenditure of any and all monies deposited into and paid from the Fund.
(G) Any unused monies of the Fund shall be paid back to the U.S. Treasury, as required.
(H) Monies of the Fund shall not be deposited into any pension fund.
(I) The plan for the use of funds received by the city from the American Rescue Plan and placed in the “ARP Coronavirus Local Fiscal Recovery Fund” is hereby amended to provide that 100% of the $1,631,126.97 awarded to the city, plus any interest accrued thereon, shall be designated as the Standard Allowance of Revenue Loss and that said money may be used for general government services subject to the restrictions of the final rule, as agreed to by the Common Council of the city.
(J) All applications and requests for expenditures from the Fund shall first be submitted to the Tell City ARP Advisory Committee for evaluation and review.
(K) The ARP Advisory Committee shall provide its recommendation regarding said requests for expenditures to the Common Council of the city, and the Common Council of the city shall either approve expenditures, deny said expenditures, or return said expenditure requests to the ARP Advisory Committee for further review or modification of said expenditure requests.
(Ord. 1175, passed 5-3-2021; Am. Ord. 1185, passed 4-4-2022)