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PROPOSED RESOLUTION
ARPA OPEN COMMUNITIES - OBLIGATION OF FUNDS
WHEREAS, on March 11, 2021, the federal government authorized the American Rescue Plan Act of 2021 ("ARPA") which includes $1.9 trillion in federal stimulus funds to hasten the United States' recovery from the economic and health effects caused by the COVID-19 pandemic; and
WHEREAS, specifically, the federal government has authorized and allocated a federal award of approximately $1,000,372,385 of ARPA State and Local Fiscal Recovery Funds ("SLFRF") funding to Cook County to assist the County in its recovery from the economic and health effects of COVID-19; and
WHEREAS, on June 24, 2021, the Cook County American Rescue Plan Act Framework (the "ARPA Framework") was presented to the Cook County Board of Commissioners; and
WHEREAS, the Cook County Board of Commissioners via Resolution 21-3654 accepted the ARPA federal award allocated to Cook County to assist the County in its recovery from the economic and health effects of COVID-19 in the amount of approximately $1,000,372,385.00; and
WHEREAS, Resolution 21-3654 and 21-3657 further authorized the Cook County Budget Director and Comptroller to create and implement a special fund for the ARPA SLFRF award and other accounting measures to track the acceptance and spending of the federal award; and
WHEREAS, the Cook County Board of Commissioners authorized the Chief Financial Officer, the Director of Budget and Management Services ("Budget Director"), Chief Procurement Officer and applicable using agencies to issue grants, contracts and agreements for ARPA SLFRF programs approved via Resolution 22-0637; and
WHEREAS, since the issuance of the ARPA SLFRF award, the U.S. Treasury ("Treasury") has issued guidance on obligation and spending rules; and
WHEREAS, in April, 2022 the Treasury adopted the SLFRF Final Rule in Federal Register; in November, 2023 the Treasury issued Obligation Interim Final Rule in Federal Register; in March, 2024 the T...
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