TITLE: Title
Grant Project Ordinance for Expenditure of ARP/CSLFRF Funds
PURPOSE: The purpose of this agenda item is to present to the Town Council a proposed allocation of ARP/CSLFRF for consideration and adoption on October 11, 2022
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DEPARTMENT: Town Manager; Finance
CONTACT INFORMATION: Richard White, 919.918.7315; Arche McAdoo, 919.918.7439
INFORMATION: The[RW1][AM2] initial grant project ordinance adopted on May 4, 2021 provided for the designation and accounting of these funds in the Special Revenue Fund. Amendment of the grant project ordinance on June 22, 2021, appropriated $300,000 for Small Business Grants, $224,795 for Premium Pay and $1,834,730 for Revenue Replacement. In December 2021, the appropriation for Small Business Grants was increased to $326,522 to fund more businesses. Due to the expenditure and reporting rules for premium pay, town staff concluded that it was not in the best interests of the Town to implement this program. The Small Grants program was implemented last year and to date has awarded $326,522 to small businesses negatively impacted by the pandemic.
The proposed allocation and expenditure of ARP/CSLFRF is based on the work of the the Town's ARPA Work Group[RW3][AM4]. The Town's ARPA Work Group was comprised of department directors and other staff members who reviewed the ARP/CSLFRF allowable activities and sought to align them with identified needs gained from interviews with nonprofits, BIPOC roundtables, community engagements, surveys and other means.
The attached Grant Project Ordinance allocates the Town's $6.7 million[RW5][AM6] grant award for eligible costs incurred from March 3, 2021 through December 31, 2024. All monies must be expended by December 31, 2026. (Note: A cost is incurred when it is legally obligated and expended when the amount is due for payment.)
Proposed expenditures include equipment, supplies and materials for public safety; maintenance and renovation of pa...
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