TITLE: Title
Status Report on American Rescue Plan Act Funding
PURPOSE: To amend the ARPA Grant Project Ordinance to reflect the final award amount; update the Council on grants to small businesses and provide information on interviews with nonprofit/human services organizations and the first steps for obtaining public input on possible ARPA priorities.
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DEPARTMENT: Town Manager, Economic Development, Finance, Communication and Engagement, and Housing & Community Services
CONTACT INFORMATION: Richard White, 919-918-7315; Jon Hartman-Brown, 919-391-7846; Arche McAdoo, 919-918-7439; Catherine Lazorko, 919-918-7314; Rebecca Buzzard, 919-918-7438.
INFORMATION: On May 4, 2021 the Carrboro Town Council adopted a Grant Project Ordinance to recognize Local Fiscal Recovery funding under the American Rescue Plan Act in the amount of $6.2 million; and, directed that a Special Revenue Fund be established to account for these funds. This Grant Ordinance also established that the Town Council would review and approve specific programs and/or activities to be carried out with these funds and authorized the Town Manager to enter into necessary agreements to secure ARPA funds.
On June 22, 2021, the Town Council amended the ARPA Grant Project Ordinance (Ordinance No. 18/2020-21) and appropriated $2,359,525 of ARPA funds for the following purposes:
Grants to Small Businesses $ 300,000
Essential Employee Pay $ 224,795
Town Revenue Replacement $1,834,730
Restricted Unallocated $3,840,475
Total ARPA Grant $6,200,000
Since the Town is a non-entitlement entity and will receive funds from the State of North Carolina, the Town Manager has entered into an agreement with the State of North Carolina for an estimated grant amount of $6,753,198.84 ($553,198 more than the initial estimate). The Town has received the first disbursement of $3,376,599.42 and will receive the balance of the award within one year. Attachment A is an amendment to the Grant Project Ordinance...
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