title
RESOLUTION
APPROVING THE REALLOCATION OF AMERICAN RESCUE PLAN ACT FUNDS
IN THE AMOUNT OF $1,968,985.33
resolution
WHEREAS, the American Rescue Plan Act of 2021 ("ARPA") (P.L. 117-2) was signed into law on March 11, 2021 to provide COVID-19 relief and economic stimulus; and
WHEREAS, United States Department of the Treasury ("Treasury") released the Final Rule on January 6, 2022 to provide guidance on the use of ARPA funding; and
WHEREAS, pursuant to Treasury's Coronavirus State and Local Fiscal Recovery Funds Grant, OMC Approval Number 1505-0271, DuPage County ("County") has been allocated $179,266,585.00 (ONE HUNDRED SEVENTY-NINE MILLION, TWO HUNDRED SIXTY-SIX THOUSAND, FIVE HUNDRED EIGHTY-FIVE AND 00/100 DOLLARS); and
WHEREAS, the County must either expend or obligate the entire $179,266,585.00 (ONE HUNDRED SEVENTY-NINE MILLION, TWO HUNDRED SIXTY-SIX THOUSAND, FIVE HUNDRED EIGHTY-FIVE AND 00/100 DOLLARS) by December 31, 2024; and
WHEREAS, ARPA funds that are unexpended and unobligated after December 31, 2024 must be returned to Treasury; and
WHEREAS, the County Board reviewed strategies for minimizing the risk of returning funds to Treasury at its July 9, 2024 Finance Committee meeting; and
WHEREAS, the County wishes to pursue said strategies by reallocating unspent ARPA funds for the following two items: (1) Stormwater Management projects in Company 1600 totaling $914,730.04 (NINE HUNDRED FOURTEEN THOUSAND, SEVEN HUNDRED THIRTY AND 04/100 DOLLARS), and (2) Facilities Management stormwater projects in Company 6000 totaling $255,287.49 (TWO HUNDRED FIFTY-FIVE THOUSAND TWO HUNDRED EIGHT-SEVEN AND 49/100 DOLLARS), both of which are ARPA eligible expenses pursuant to ARPA's goal of improving access to clean drinking water, improving wastewater systems, and improving stormwater infrastructure; and
WHEREAS, the County wishes to furt...
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