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RS275\1\731601.v1 services, even amid declines in revenue, and build a strong, resilient, and equitable 46 recovery by making investments that support long-term growth and opportunity. 47 48 WHEREAS, In May 2021, the US Department of Treasury (“Treasury”) published the 49 Interim Final Rule describing eligible and ineligible uses of funds as well as other 50 program provisions, sought feedback from the public on these program rules, and began 51 to distribute funds. 52 53 WHEREAS, on January 6, 2022, Treasury issued the final rule. The final rule delivers 54 broader flexibility and greater simplicity in the program, responsive to feedback in the comment 55 process. 56 57 WHEREAS, the final rule offers a standard allowance for revenue loss of up to $10 58 million, allowing recipients to select between a standard amount of revenue loss or 59 complete a full revenue loss calculation. 60 61 WHEREAS, recipients that select the standard allowance may use that amount, in many 62 cases their full award, for government services, with streamlined reporting requirements. 63 64 NOW THEREFORE, BE IT RESOLVED, by the City Council of the City of 65 Roseville, Minnesota, the City elects the standard allowance available under the revenue 66 loss provision of the American Rescue Plan Act in the amount of $3,984,102.54 to be 67 used for the general provision of government services and in accordance with the 68 spending plan outlined as attached. 69 70 The motion for the adoption of the foregoing resolution was duly seconded by member 71 , and upon a vote being taken thereon, the following voted in favor thereof: and the 72 following voted against the same: 73 74 WHEREUPON said resolution was declared duly passed and adopted. 75 76 77 State of Minnesota) 78 ) SS 79 County of Ramsey) 80 81 82