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RESOLUTION NO. 2021- 3235- A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF SUNNY ISLES BEACH, FLORIDA, APPROVING THE AMERICAN RESCUE PLAN ACT CORONAVIRUS LOCAL FISCAL RECOVERY FUND AGREEMENT BETWEEN THE CITY AND THE FLORIDA DIVISION OF EMERGENCY MANAGEMENT; AUTHORIZING THE CREATION OF A SPECIAL REVENUE FUND; AUTHORIZING THE CITY MANAGER TO EXECUTE ALL REQUIRED DOCUMENTS; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the United States Congress passed the American Rescue Plan Act ("ARPA"), which was signed into law, and created the Coronavirus Local Fiscal Recovery Fund for the purpose of providing funds to local governments in order to facilitate the ongoing recovery from the COVID-19 pandemic ("Fiscal Recovery Funds"); and WHEREAS, ARPA requires that Fiscal Recovery Funds may only be used to cover expenses incurred by the local government by December 31, 2024, such as: i. to respond to the public health emergency with respect to COVID-19 or its negative economic impacts, including assistance to households, small businesses, and nonprofits, or aid to impacted industries such as tourism, travel, and hospitality; ii. to respond to workers performing essential work during the COVID-19 public health emergency by providing premium pay to eligible workers of the non - entitlement unit of local government that are performing such essential work, or by providing grants to eligible employers that have eligible workers who perform essential work; iii. for the provision of government services to the extent of the reduction in revenue of such non -entitlement unit of local government due to the COVID-19 public health emergency relative to revenues collected in the most recent full fiscal year of the non -entitlement unit of local government; or iv. to make necessary investments in water, sewer, or broadband infrastructure. WHEREAS, the ARPA allocated $7,105,927,713.00 for making payments to metropolitan cities, non -entitlement units of local government, and counties in Florida, 21% of which is to be paid directly to metropolitan cities in Florida, 59% of which was paid directly to counties in Florida, and 20% of which is to be paid to the State of Florida for distribution to non -entitlement units of local government; and WHEREAS, the U.S. Department of Treasury ("Treasury") disbursed $5,689,502,590.00 of these funds directly to metropolitan cities and counties; and R2021 Approve Funding Agmt w FDEM for ARP - Create Fund Page 1 of 3