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Receive reports on progress of the use of Solano County American Rescue Plan Act (ARPA) Coronavirus State and Local Fiscal Recovery Funds (SLFRF); Reallocate $12,000 in ARPA SLFRF between projects for Small Business Support; Reallocate $65,000 in ARPA SLFRF between projects for Water Infrastructure; and Delegate authority to the County Administrator to sign amendments related to the reallocations
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Published Notice Required? Yes_______ No___X___
Public Hearing Required? Yes_______ No ___X___
DEPARTMENTAL RECOMMENDATION:
The County Administrator's Office (CAO) recommends the Board of Supervisors:
1. Receive reports on progress of the use of Solano County American Rescue Plan Act (ARPA) Coronavirus State and Local Fiscal Recovery Funds (SLFRF);
2. Reallocate $12,000 in ARPA SLFRF between projects for Small Business Support;
3. Reallocate $65,000 in ARPA SLFRF between projects for Water Infrastructure; and
4. Delegate authority to the County Administrator to sign amendments related to the reallocations.
SUMMARY/DISCUSSION:
Solano County received a direct federal funding allocation under the ARPA SLFRF program of $86,949,405. These funds are intended to provide support to the County in responding to the economic and public health impacts of COVID-19 and impacts on our communities, residents, and businesses.
The Board has requested periodic updates of progress toward meeting goals. This item contains multiple reports for Board review:
1. The 2024 Solano County ARPA Annual Recovery Plan (Attachment A) was submitted to the US Treasury by the July 31, 2024 deadline documenting Solano County's use of ARPA funds through June 30, 2024.
2. The ARPA Project Status Update through June 30, 2024 (Attachment B) shows the most recent status of all approved ARPA projects. As of June 30, 2024, over $63 million in funds (nearly 73%) has been obligated and $44 million (over 50%) has been spent.
3. An update on the progress of the Revolving Loan Fund ...
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