2020 032 RESOLUTION - Laserfiche WebLink

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RESOLUTION 2020-32 INTRODUCED BY: Mayor Bodnar AN EMERGENCY RESOLUTION PROVIDING FOR THE CREATION OF THE "CARES ACT CORONAVIRUS RELIEF FUND" AND AUTHORIZING THE DEPOSIT OF FUNDS INTO SUCH ACCOUNT WHEREAS, the Coronavirus Aid, Relief, and Economic Security Act, 116 Public Law 136, (the CARES Act) was signed into law by the President of the United States on March 27, 2020; and WHEREAS, the Ohio General Assembly established a process for distributing funds provided by the "Coronavirus Aid, Relief, and Economic Security Act" in H.B. 481 of the 133rd General Assembly (H.B. 481); and WHEREAS, the Village Council enacted Resolution 2020-31 in accordance with H.B. 481 in order to receive a distribution of these funds; and WHEREAS, any funds received must be deposited into a separate Special Revenue Fund established pursuant to O.R.C. Section 5705.09; and WHEREAS, it is the desire of Council to establish the "CARES Act Coronavirus Relief Fund" in order to deposit any funds received under the CARES Act. 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 "CARES Act Coronavirus Relief Fund". The source of monies deposited into said fund shall be funds received from the County Coronavirus Relief Distribution Fund pursuant to H.B. 481. Expenditures made from this fund shall only be to cover costs consistent with the requirements of Section 5001 of the CARES Act as described in 42 U.S.C. 601(d), and any applicable regulations. SECTION 2. The Director of Finance is authorized and directed to establish said fund and to deposit monies therein as indicated by Council. SECTION 3. The Council finds and determines that all formal actions of this Council relating to the adoption of this Resolution have been taken at open meeting of this Council; and that deliberations of this Council and of its committees, resulting in such formal action, took place in meetings open to the public, in compliance with all statutory requirements including requirements of Section 121.22 of the Ohio Revised Code.