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CC Resolution 2024-048 ARPA Funding ObligationRESOLUTION NO. 2024 — 048 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, AUTHORIZING THE OBLIGATION AND ALLOCATION OF CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS AS CREATED BY THE AMERICAN RESCUE PLAN ACT WHEREAS, On March 11, 2021, the President of the United States signed into law the American Rescue Plan Act (ARPA) to provided continued relief from the public health and economic impacts of the COVID-19 public health emergency; and WHEREAS, ARPA created the Coronavirus State and Local Fiscal Recovery Fund (SLFRF) that provided direct funding to state, local, and tribal governments across the county to support their response to and recovery from the COVID-19 public health emergency; and WHEREAS, in Treasury's final rule, local governments can choose the standard allowance of up to $10 million in revenue loss which can be spent on government services, the City of La Quinta (City) elected to use the standard allowance to streamline the process of reporting and compliance; and WHEREAS, the City accepted an allocation of SLRF in the amount of $9,987,008, payable in two tranches, which the City is in receipt of. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of La Quinta, California, as follows: SECTION 1. That the standard allowance under the American Rescue Plan Act (ARPA) Coronavirus State and Local Fiscal Recovery Funds (SLFRF) Program to replace lost public sector revenue up to $10 million to spend on government services through the period of performance is hereby elected by the City of La Quinta. SECTION 2. This resolution shall go into effect upon adoption and the City Clerk shall certify the adoption of this Resolution. PASSED, APPROVED, and ADOPTED at a regular meeting of the La Quinta City Council held on this 17th day of December 2024, by the following vote: Resolution No. 2024 — 048 Authorization to Obligate and Allocate State and Local Recovery Funds as created by the American Rescue Plan Act Adopted: December 17, 2024 Page 2 of 2 AYES: Councilmembers Fitzpatrick, McGarrey, Pena, Sanchez, and Mayor Evans NOES: None ABSENT: None ABSTAIN: None LINDA EVANS, Mayor City of La Quinta, California ATTEST: _J44AJ-1 MONIKA RAD VA, Clerk City of La Quinta, California APPROVED AS TO FORM: WILLIAM H. IHRK , City Attorney City of La Quinta, California