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CITY OF CENTERVILLE <br />REQUEST FOR <br />COUNCIL ACTION <br />Ce- terviffe <br />Agenda Item # <br />Department: <br />Requested Council Meeting Date: <br />Administration <br />April 27, 2022 <br />TITLE OF ISSUE: <br />Adopt Resolution Choosing Standard Allowance for ARPA Revenue Loss <br />BACKGROUND AND SUPPLEMENTAL INFORMATION: <br />The City must choose a method for calculating revenue loss for American Rescue Plan Act (ARPA) reporting. <br />The alternatives are to: <br />1) Individually calculate revenue loss each year: or <br />2) Use the standard allowance of up to $10,000,000 but the choice must be made by April 30, 2022. <br />Option 2 allows cities to use funds for typical government services along with all the specific categories <br />identified in the final regulation for pandemic relief activities, except debt service payments or building up fund <br />balances. <br />Staff recommends choosing Option 2 since it allows the greatest flexibility for use of the funds. <br />COST AND SOURCE(S) OF FUNDING: <br />2021 and 2022 ARPA Fund Grants <br />REQUESTED COUNCIL ACTION: <br />Staff recommends that the City Council approve the attached resolution as presented. <br />For Clerk's Use: <br />SUPPORTED DOCUMENTS ATTACHED <br />Motion By: <br />Resolution Ordinance Contract Minutes Plan Map <br />Second By: <br />X <br />Vote Record: Ave Nay <br />Lakso <br />(—� Love <br />Mosher <br />Other (specify) Staff Memo, 2020 GFOA Revenue Calculator <br />LMC Memo, Abdo Article <br />Koski <br />King <br />Administration Department Use: <br />Refer to: <br />Consent <br />Tabled Until: <br />Regular <br />Other: <br />