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RESOLUTION 2021-22 INTRODUCED BY: Mayor Bodnar AN EMERGENCY RESOLUTION PROVIDING FOR THE CREATION OF THE "AMERICAN RESCUE PLAN ACT ("ARP") FUND" AND AUTHORIZING THE DEPOSIT OF FUNDS INTO SUCH ACCOUNT WHEREAS, The American Rescue Plan Act of 2021, a $1.9 trillion economic COVID-19 stimulus package, was signed into law by the President of the United States on March 11, 2021; and WHEREAS, the American Rescue Plan Act of 2021 will provide additional relief to address the continued impact of COVID-19 on the economy, public health, state and local governments, individuals and businesses; and WHEREAS, as part of the American Rescue Plan Act, $350 billion in additional funding is being provided to state and local governments; and WHEREAS, pursuant to guidance issued by the Auditor of State in an updated bulletin dated July 2, 2021, the Federal Funding Accountability and Transparency Act (FFATA) requires separate accountability for direct recipients (and subrecipients) of federal awards greater than $30,000; and WHEREAS, Ohio Revised Code 5705.09 requires subdivisions to establish separate funds for each class of revenue derived from a source other than the general property tax; and WHEREAS, Ohio Revised Code 5705.12 further requires the taxing authority of a subdivision to establish, with the approval of the Auditor of State, a separate fund for money derived from specified sources other than the general property tax; and WHEREAS, The Auditor of State approves taxing authorities to establish the separate funds required for separate accountability of federal programs upon adoption of a local ordinance or resolution, further, local governments do not need to seek Auditor of State approval for establishing new COVID-19 federal programs. NOW, THEREFORE, BE IT RESOLVED by the Council of the Village of Mayfield, County of Cuyahoga and State of Ohio: SECTION 1. There is hereby and herein created a fund to be known as the "American Rescue Plan Act ("ARP") Fund." The source of monies deposited into said fund shall be the federal funds provided from the American Rescue Plan. Expenditures made from this fund shall comply with the broad definition of allowable uses contained within the American Rescue Plan.