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MEMORANDUM <br />Date: July 1, 2021 <br />To: Gem Lake City Council <br />From: Tom Kelly, Finance Officer <br />Re: Resolution to Accept.funds under the Corona. Virus Local Fiscal Recovery <br />Fund. <br />The City is eligible to receive funds under the American Rescue Plan. The City must <br />apply for the funds and pass a resolution stating its intent to receive funds. The League <br />of Minnesota Cities created a standard resolution for this purpose. The City can use <br />these funds for Corona Virus costs, lost revenue due to the pandemic, and water, <br />sanitary sewer, and broadband infrastructure. The City must incur these costs or lost <br />revenue between March 2021 and December 2024. <br />Attached is a resolution to accept funds from the Corona Virus Local Fiscal Recovery <br />Fund established under the American Rescue Ilan Act. <br />