REQUEST FOR CITY COUNCIL ACTION
DATE: 11/03/2021
TO: Honorable Mayor and City Council Members
FROM: Finance Department
SUBJECT:
Title
Appropriation of American Rescue Plan Act Funds.
End
EXECUTIVE SUMMARY:
The American Rescue Act Plan of 2021 allocates funds to states, territories, tribal areas, cities, and counties for pandemic relief. The City of Corona is expected to receive $29.2 million. The project options were presented to the City Council at the September 29, 2021 Fall Workshop. Based on discussions at the workshop, staff is recommending the appropriation of American Rescue Plan Act Funds.
RECOMMENDED ACTION:
Recommended action
That the City Council:
a. Approve an estimated revenue increase of $29,158,725 in the American Rescue Plan Act (ARPA) Fund 413.
b. Approve appropriations totaling $29,077,125 in the American Rescue Plan Act (ARPA) Fund 413 to the following items that will be set up as capital improvement projects (CIP) to provide precise tracking of ARPA funds:
1. $10,000,000 to a new CIP titled Fire Station Rebuild.
2. $8,000,000 to a new CIP titled 6th Street Beautification and Revitalization Project.
3. $6,000,000 to a new CIP titled Traffic Signal Optimization.
4. $1,500,000 to the Corona Innovation Center CIP (CIP #7170).
5. $1,018,825 to a new CIP titled PPE/Vaccine Programs.
6. $1,000,000 to a new CIP titled Business Grants.
7. $500,000 to a new CIP titled Nonprofit Grant Program.
8. $370,000 to a new CIP titled Armored Rescue Vehicle.
9. $200,000 to a new CIP titled Communications Studio.
10. $200,000 to a new CIP titled Rental Assistance to Historic Civic Center (HCC) Non-Profit Tenants.
11. $120,000 to a new CIP titled Business Support.
12. $100,000 to a new CIP titled Broadcast System Overhaul.
13. $50,000 to a new CIP titled Open Air Stage - Circle City Center.
14. $18,300 to a new CIP titled Computer Equipment - Senior Center.
c. Approve a cash transfer of $50,000 from the American Rescue Act Plan Fund 413 to ...
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