TITLE: Title
Adoption of Grant Project Ordinance for Expenditure of ARP/CSLFRF Funds
PURPOSE: The purpose of this agenda item is to present to the Town Council an allocation plan for expenditure of ARP/CSLFRF funds.
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DEPARTMENT: Town Manager; Finance
CONTACT INFORMATION: Richard White, 919.918.7315; Arche McAdoo, 919.918.7439
INFORMATION: The 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 Business Grant program was implemented last year and to date has awarded $326,522 to small businesses negatively impacted by the pandemic.
The proposed expenditure of ARP/CSLFRF is based on the work of the Town's ARPA Work Group. This 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 Work Group used the following ARPA Guiding Principles that were presented to Council on October 19, 2021 to identify the proposed projects: Council Goals and Policy Alignment; Racial Equity and Inclusion; Environmental Justice; Invest in Resiliency and Build Capacity; Leverage Local and Regional Partnerships; and Use Existing Data and Outreach.
The Grant Project Ordinance (Attachment A) was present to the Council at its work session on September 20, 2022. The attached Grant Project Ordinanc...
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