Reso 2020-3100 - Laserfiche WebLink

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WHEREAS, the Treasury has also released Frequently Asked Questions pertaining to the CRF ("CRF FAQ"), which was most recently updated on July 8, 2020, and a copy of which is attached to this Agreement as Exhibit 2 and incorporated herein; and WHEREAS, the CRF FAQ provides that CRF payments made by the Treasury to State, territorial, local, and Tribal governments are considered "other financial assistance" under 2 Code of Federal Regulations (C.F.R.) § 200.40; and WHEREAS, the CRF FAQ further provides that a county receiving CRF payments may, but is not required to, transfer CRF funds to smaller cities within the county's borders, provided that the transferred funds are used by the cities for eligible expenditures under Section 601(a) of the Social Security Act as implemented in the CRF Guidance; and WHEREAS, 2 C.F.R. §200.92 states that a "subaward may be provided through any form of legal Agreement, including an Agreement that the County considers a contract"; and WHEREAS, at the August 4, 2020 Special Meeting of the Miami -Dade Board of County Commissioners (the "Board"), the Board allocated a total of not -to -exceed $100,000,000 in CARES Act funds to the municipalities in the County as follows: $75,000,000 for reimbursement of FEMA local match eligible expenditures as well as CARES Act eligible governmental operations expenditures that are not FEMA reimbursable, and $25,000,000 for municipal programmatic proposals subject to approval in advance by the Board; and WHEREAS, the primary purpose of this Agreement is to ensure the effective and timely dissemination of CRF dollars to reimburse the Municipality for such eligible expenditures, as permitted by Section 601(a) of the Social Security Act as implemented in the CRF Guidance and FAQ, and as authorized by the Board; and WHEREAS, this Agreement is not a legal requirement of the Treasury, but rather is a voluntary Agreement to provide funding to the Municipality if all conditions are met to enable the County to remain in compliance with the Treasury's Office of Inspector General's memoranda and subsequent addenda regarding CRF Monitoring, Reporting and Record Retention Requirements (the "Treasury OIG Memoranda"), copies of which are attached to this Agreement as Exhibit 3 and 3-1, and incorporated herein, NOW THEREFORE, in consideration of the mutual covenants and promises contained herein, the Parties agree as follows: Page 2 of 17