ACTION REQUESTED:
Title
Communication from the City Manager and Finance Director/Comptroller with a Request to ADOPT an ORDINANCE Establishing LOCAL CURE PROGRAM FINANCIAL SUPPORT CONDITIONS Authorizing the Mayor to Execute the Certification.
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BACKGROUND: The Local CURE Program is funded from financial assistance the State of Illinois received through the U.S. Department of the Treasury’s Coronavirus Relief Fund (CFDA No. 21.019) authorized under section 601(a) of the Social Security Act, as added by section 5001 of the Coronavirus Aid, Relief and Economic Security Act, P.L. 116-136 (“CARES Act”).
As a Local Government recipient of financial support through the Local CURE Program, Peoria is required to utilize the financial support received from the Illinois Department of Commerce and Economic Opportunity (the “Department”) for the specific purposes and in compliance with the terms and certifications of the Local CURE Program.
The State requires the City to adopt an ordinance and to certify that we will abide by their conditions in order to participate in and receive the funding pursuant to the Local CURE Program.
FINANCIAL IMPACT: The City is eligible for up to $4.7 million of reimbursement through the Local CURE Program.
NEIGHBORHOOD CONCERNS: N/A
IMPACT IF APPROVED: The Mayor will certify that the City will follow the conditions of the program.
IMPACT IF DENIED: The City will not be eligible for reimbursement funding.
ALTERNATIVES: N/A
EEO CERTIFICATION NUMBER:
WHICH OF THE GOALS IDENTIFIED IN THE COUNCIL’S 2017 - 2032 STRATEGIC PLAN DOES THIS RECOMMENDATION ADVANCE?
1. Financially Sound City
WHICH CRITICAL SUCCESS FACTOR(S) FROM THE COMPREHENSIVE PLAN DOES THIS RECOMMENDATION IMPLEMENT?
1. Have an efficient government.
DEPARTMENT: City Manager's Office