Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute a Subrecipient Agreement with Community Action Council (“CAC”) in order to allocate $3,000,000 of Federal Grant funds under the American Rescue Plan Act of 2021 for the operation and expansion of the Housing Stabilization Program, and authorizing the Mayor to execute any other needed Agreements or amendments with CAC related to the use of these funds. [Div. of Grants, and Special Programs, Lanter]
Summary
Authorization to execute a sub-recipient Agreement with Community Action Council for Lexington-Fayette, Bourbon, Harrison, and Nicholas Counties, Inc., providing $3,000,000 of federal funding from the U.S. Department of Treasury for operating an extension of the Housing Stabilization Program. Funds are Budgeted. (L0595-21) (Lanter/Hamilton)
Budgetary Implications [select]: Yes
Advance Document Review:
Law: Yes/, Completed by Brittany Smith, 6/7/2021
Risk Management: N/A
Fully Budgeted [select]: BA 11165 is in process
Account Number: 3120-900307-0001-71101
This Fiscal Year Impact: $3,000,000
Annual Impact: $0
Project: CV_ERAP_2021
Activity: FED_GRANT
Budget Reference: 2021
Current Balance: BA in process
Body
BE IT RESOLVED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That the Mayor, on behalf of the Lexington-Fayette Urban County Government, be and hereby is authorized and directed to execute the Subrecipient Agreement, which is attached hereto and incorporated herein by reference, with Community Action Council (“CAC”) in order to allocate $3,000,000.00 of federal grant funds under The American Rescue Plan Act of 2021, for the operation and expansion of the Housing Stabilization Program, and authorizing the Mayor to execute any other needed agreements or amendments with the CAC related to the use of these funds.
Section 2 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL: