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TO ESTABLISH THE ARP CORONA VIRUS LOCAL FISCAL RECOVERY FUND SUPPORTING THE CITY OF BLOOMINGTON'S RECOVERY FROM THE COVID-19 PANDEMIC

This ordinance creates an ARP Coronavirus Local Fiscal Recovery Fund. The Fund may be used for the purposes permitted by the U.S. Department of the Treasury under its Interim Final Rule for the expenditure of ARPA funds, including: a) responding to the COVID-19 pandemic's negative economic impacts on households, small businesses, nonprofits, and industries such as tourism, travel, and hospitality; b) to provide premium pay to eligible workers of the City that are performing essential work, or providing grants to employers that have eligible workers who perform essential work; c) to fund government services to the extent of the reduction in City revenues due to the COVID-19 pandemic relative to revenues collected in the fiscal year prior to the emergency (2019); and/or d) to make necessary investments in water, sewer, or broadband infrastructure. Note: At the June 16, 2021 Regular Session, the Council adopted Amendment 01, which updated references to the fund to be established to "ARP Coronavirus Local Fiscal Recovery Fund. "

Amends CodeNo
Final 2021-06-16 pass 8-0 (Volan absent)
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