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HomeMy WebLinkAbout4565 Ordinance - Creating PMC 3.143 ARPA Fund ORDINANCE NO. 4565 AN ORDINANCE OF THE CITY OF PASC4, WASHINGTON, TO ESTABLISH A SPECIAL REVENUE FUND FOR THE RECEIPT AND PERMITTED USE OF THE AMERICAN RESCUE PLAN ACT FUNDS TO BE KNOWN AS THE "ARPA FUND" AND CREATE A NEW CHAPTER 3.143 "ARPA FLTND" 1N THE PASCO MUNICIPAL CODE. WHEREAS, The ARPA fund shall consist of monies allocated to the City under the American Rescue Plan Act of 2021 and distributed to the City in 2021 and 2022. Funds must be incurred by December 31, 2024 and expended by December 31, 2026; and WHEREAS, the City desires to establish a special revenue fund, ARPA Fund, for the purpose of proper receipting and disbursement of the funds as set forth by the U.S. Department of Treasury and the provisions of the ARPA; and WHEREAS, City staff has determined that receipt of allocations in a separate fund to be used for the purposes permitted by the ARPA and the creation of the ARPA Fund is in the best interest of the City of Pasco. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PASCO, WASHINGTON,DO ORDAIN AS FOLLOWS: Section 1. The City Council does hereby incorporate the above "Whereas" recitals as findings in support of this ordinance. Section 2. That a new Chapter 3.143 entitled"ARPA Fund"of the Pasco Municipal Code, which establishes the fund for the purpose of segregating revenues and eligible expenditures under the American Rescue Plan Act of 2021, shall be and hereby is created and shall read as follows: Chapter 3143 ARPA FUND Sections• 3.143.010 Created 3.143.020 Purnose 3.143.010 Created There is created a new fund established as a special revenue fund for the receipt and permitted use of the American Rescue Plan Act funds and shall be known as the ARPA fund. Ordinance—Create PMC Chapter 3.143"ARPA Fund"- 1 3.143.020 Pur ose The u ose for the fund is to se e ate revenues and eli ible ex enditures under the American Rescue Plan Act of 2021 and desi�nate the Finance Direct�r to accept current and future funds awarded by the U.S. Department of Treasury under the American Rescue Plan Act. Section 3. This ordinance shall take full force and effect five (5) days after approval, passage and publication as required by law. PASSED by the City Council of the City of Pasco, ,Washington this 6th day of December, 2021. �'�C Saul Martinez Mayor ATTEST: APPROVED AS TO FORM: � � � � � Debra Barham, CMC rr Ferguson Law, PLLC City Clerk City Attorney Published: `�:Qs-rt� G1 , 207i� Ordinance—Create PMC Chapter 3.143 "ARPA Fund"-2