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HomeMy WebLinkAbout077-R-21 Approving ARPA grant funds for Water and Parking projects7/20/2021 77-R-21 A RESOLUTION Allocating American Rescue Plan Act Funds to Water and Parking Capital Improvement Projects WHEREAS, the City of Evanston is the recipient of approximately forty- three million dollars ($43,000,000) in funds from the federal government's American Rescue Plan Act ("ARPA"); and WHEREAS, City Staff conducted multiple town hall meetings with the community in order to receive feedback on how the ARPA funds should be spent; and WHEREAS, it is an identified priority of ARPA to provide much needed aid directly to state and local governments; and WHEREAS, it has been determined that a portion of ARPA funding will be for City finances and infrastructure; and WHEREAS, using ARPA funds for water and parking capital improvement projects will avoid the necessity of borrowing for these projects in 2021, reducing debt service for Water and Parking Funds, and mitigating the need to increase water and parking rates in order to pay debt service; and WHEREAS, City Staff is requesting approval to use ARPA funds in the amount of three million dollars ($3,000,000) to fund water capital projects and nine - hundred fifty thousand dollars ($950,000) for parking capital projects. NOW BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EVANSTON, COOK COUNTY, ILLINOIS: Page 3 of 4 77-R-21 SECTION 1: The City Council hereby adopts the foregoing recitals as its findings, as if fully set forth herein. SECTION 2: The City Council authorizes the allocation of ARPA funds in the amount of three million dollars ($3,000,000) for water capital projects and nine hundred fifty thousand dollars ($950,000) for parking capital projects. SECTION 3: This resolution shall be in full force and effect from and after its passage and approval, in the manner provided by law. Daniel Biss, Mayor Attest: pp Approved as to form: KJf e� -Alb 2ytuldaa-.,�.a.. �ichola J E. n n rui:q s Stephanie Mendoza, City Clerk Nicholas E. Cummings, Corporation Counsel Adopted: August 10 12021 -2- Page 4 of 4