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RES NO 04-05-2022 CITY OF VAN BUREN,ARKANSAS RESOLUTION NO. q -2022 ( BE IT ENACTED BY THE CITY COUNCIL, FOR THE CITY OF VAN BUREN, ARKANSAS, A RESOLUTION TO BE ENTITLED: A RESOLUTION ADOPTING REVENUE REPLACEMENT OF THE CITY FIRE AND POLICE PAYROLL FROM THE AMERICAN RESCUE PLAN ACT GRANT (ARPA). WHEREAS, the American Rescue Plan Act "ARPA," which was signed into law on March 11, 2021,provides fiscal relief funds to state and local governments and other program areas aimed at mitigating the continuing effects of the pandemic; and WHEREAS, ARPA is intended to provide support to local governments in responding to the impact of COVID-19 and in their efforts to contain COVID-19 and created several eligible uses of the funding including one to address lost revenue for cities and towns; and WHEREAS, the United States Department of Treasury (hereinafter Treasury), has issued guidance and a Final Rule (hereinafter FR) regarding the use of ARPA funds; and WHEREAS, the FR permits cities and towns to utilize lost revenue for government services up to a standard allowance of up to$10,000,000.00 or the total amount of a city's grant award, whichever is less; and WHEREAS, the City of Van Buren incurred the payroll expenses for Police and Fire from March 16, 2021, to March 31, 2022, in the amount of$4,906,663.98. NOW, THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN,ARKANSAS, THAT: SECTION 1: The Mayor and City Clerk are authorized to transfer$4,906,663.98 from the ARPA grant fund account to the general fund to reimburse the Fire and Police Payroll expended. IN WITNESS WHEREOF, the City of Van Buren, Arkansas, by its City Council, did pass, approve, and adopt, by a vote of 5 for and 0 against, the foregoing Resolution at its regular meeting held on the 25th day of April 2022. oseph P. urst Mayor ATTESTED: . . : =0 . 11 . esakg.,; scliAcat 4411 ...0-00•• Amor Phyllis Thomas CvntL,_l-fi6-i— b{iki4-41 City Clerk/Treasurer City Attorney yy