HomeMy WebLinkAboutR-11333 approving the allocation of $13,564,467 in State & Local Fiscal Recovery Funds in accordance with the U.S. Treasury Final RuleR 11333
RESOLUTION NO. 11333 (2022 SERIES)
A RESOLUTION OF THE COUNCIL OF THE CITY OF SAN LUIS
OBISPO, CALIFORNIA, APPROVING THE ALLOCATION OF
$13,564,467 IN STATE & LOCAL FISCAL RECOVERY FUNDS IN
ACCORDANCE WITH THE U.S. TREASURY FINAL RULE
WHEREAS, in March 2021, the U.S. Congress approved the American Rescue
Plan act with $1.9 trillion in funding; and
WHEREAS, the State & Local Fiscal Recovery Fund, dedicated to aiding state,
county, and local governments in counteracting the effects of COVID-19, received $350
million in funding; and
WHEREAS, the City of San Luis Obispo was appropriated $13,564,467 of which
it has received $6,782,234 in July 2021 and will receive the remaining $6,782,234 in July
2022; and
WHEREAS, the City of San Luis Obispo experienced tremendous revenue loss in
2020 due to the COVID-19 pandemic; and
WHEREAS, the City invested heavily to support the community and businesses
through the pandemic and recover from the effects of the lock-down; and
WHEREAS, the City desires to support the population most affected by the
pandemic with housing; and
WHEREAS, the pandemic has shown that the City does not have even access to
broadband and high-speed internet throughout the community, putting certain areas at a
disadvantage.
NOW, THEREFORE, BE IT RESOLVED, by the Council of the City of San Luis
Obispo as follows:
SECTION 1. The City will claim the, under Final Rule allowable, $10 million in
revenue loss and dedicate the funding as follows:
1. $9.2 million toward the City’s infrastructure investment fund to backfill high-
priority infrastructure and to counteract adverse trends and unforeseen
circumstances brought on by the pandemic.
2. $700,000 towards the City’s Parking Fund to backfill some of the lost revenue
brought on by the pandemic. To assist the local economy and businesses, the
fund temporarily suspended collection of revenues and created new loading
zones and parklets and offered free parking during the holiday shopping
season.
3. $100,000 for grants to health & human services programs/projects via the HRC
grants-in-aid program.
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Resolution No. 11333 (2022 Series) Page 2
R 11333
SECTION 2. The City will invest the remaining $3,564,467 in accordance with the
U.S. Treasury Final Rule as follows:
1. $600,000 to study and improve the broadband coverage in San Luis Obispo.
2. $2,964,467 toward affordable housing for at-risk population or very low to
extremely low-income classes most impacted by Covid-19.
Upon motion of Vice Mayor Christianson, seconded by Council Member Pease,
and on the following roll call vote:
AYES: Council Member Marx, Pease, Shoresman, Vice Mayor
Christianson, and Mayor Stewart
NOES: None
ABSENT: None
The foregoing resolution was adopted this 7th day of June 2022.
______________________________
Mayor Erica A. Stewart
ATTEST:
Teresa Purrington,
City Clerk
APPROVED:
J. Christine Dietrick,
City Attorney
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the
City of San Luis Obispo, California, on ______________________.
________________________________
Teresa Purrington,
City Clerk
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6/10/2022 | 11:14 AM PDT