2021-33 - Authorize $25M of ARP funds for sewer work

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Referred to Finance 6/21/21 Bt. l©ck, Kepple, Litten, Neff, O'Malley, Rader L 2 RESOLUTION N0.20 1-33 BY. A RESOLUTION to take effect immediately provided it receives the affirmative vote of at least two thirds of the members of Council, or otherwise to take effect and be in force after the earliest period allowed by law, authorizing the Mayor and/or Director of Finance or Director of Law to allocate Twenty -Five Million Dollars ($25,000,000) to effectuate the modernization and construction of the City of Lakewood's sewer system with such funds allocated from the American Rescue Plan ("ARP") and Coronavirus State and Local Fiscal Recovery Funds ("CSLFRF"); WHEREAS, Lakewood shall be receiving $47,219,575 of CSLFRF through the ARP, with the first fifty percent (50%) received this year and the second fifty percent (50%) to be received next year, and; WHEREAS, Lakewood is commencing on an approximately $300,000,000 to the Sewer Improvement Project (defined below) for sewer modernization and upgrade plan to its century -old infrastructure in conformity with federal and state regulation, and; WHEREAS, based upon the eligibility parameters and guidance provided by US Department of Treasury, direct investment in municipal sewer infrastructure projects are deemed eligible expenditures; and WHEREAS, as set forth in Section 2.12 of the Third Amended Charter of the city of Lakewood, this Council by a vote of at least two thirds of its members determines that this resolution is an emergency measure and that it shall take effect immediately, and that it is necessary for the immediate preservation of the public peace, property, health and safety, and to provide for the usual daily operation of municipal departments in order to receive and make these funds available as soon as possible; now, therefore. BE IT RESOLVED BY THE CITY OF LAKEWOOD, OHIO: Section 1. That Twenty -Five Million Dollars ($25,000,000.00) be allocated to the modernization and construction of the City of Lakewood's sewer system (the"Sewer Improvement Project") with such funds allocated from the American Rescue Plan ("ARP") and Coronavirus State and Local Fiscal Recovery Funds ("CSLFRF") received by the City of Lakewood after distribution from the US Department of Treasury. Section 2. The Mayor, Director of Law, and/or Director of Finance are empowered, authorized and directed to enter into any and all agreements necessary to effectuate the Sewer Improvement Project. Section 3. It is found and determined that all formal actions of this Council concerning and relating to the passage of this resolution were adopted in an open meeting of this Council, and that all such deliberations of this Council and any of its committees that resulted in such formal action, were in meetings open to the public, in compliance with all legal requirements.