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RESOLUTION NO. ________
A RESOLUTION OF THE COUNCIL OF THE CITY OF RICHMOND, CALIFORNIA,
ADOPTING AND APPROPRIATING GENERAL FUND UNSPENT FUNDS AND
EXCHANGE AMERICAN RESCUE PLAN ACT (ARPA) FUNDS WITH UNSPENT FUNDS
WHEREAS, the City of Richmond has received an allocation of $27,740,723 from the American Rescue Plan Act (ARPA), and the City Council appropriated all of the ARPA funds as of November 28, 2023; and
WHEREAS, the ARPA funds must be obligated by December 31, 2024, however, several ARPA projects will not be obligated by the deadline; and
WHEREAS, the unspent funds can be allocated to current ARPA-funded projects and those projects can be funded from the unspent funds; and
WHEREAS, the Historic Richmond Main Library Renovation Project was appropriated $4,146,490 in ARPA funds of which there is remaining $1,898,377 that will not be obligated by December 31, 2024; and
WHEREAS, the Americans with Disabilities Act (ADA) Miscellaneous Sidewalk Rehabilitation Project is currently funded from the General Capital Fund and is prepared to be obligated; and
WHEREAS, the Historic Richmond Main Library Renovation Project and ADA Miscellaneous Sidewalk Rehabilitation project can exchange funding sources to comply with the ARPA funding obligation deadline; and
WHEREAS, there are additional capital projects that have gaps in funding and could benefit from the appropriation of unspent funds; and
NOW, THEREFORE, BE IT RESOLVED, that the Council of the City of Richmond, California hereby adopts the resolution approving the funding exchange and to appropriate, the following:
Funding Exchange:
ARPA Project Amount Current Funding New Funding
Fire Station 66 Restroom 423,283 ARPA Unspent Funds
Recreation Center HVAC 1,114,975 ARPA Unspent Funds
Shields-Reid HVAC 900,000 ARPA Unspent Funds
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Nevin Community Center HVAC 1,064,750 ARPA Unspent Funds Total 3,503,008
Project Amount Current Funding New Funding
Library Revitalization Project Fund
Exchange 1,898,377 ARPA General Capital
ADA Miscellaneous Sidewalk
Rehabilitation project. 1,898,377 General Capital ARPA
Capital Projects Recommended for Unspent Funds:
Existing Capital Improvement Project with Funding Gap Unspent Funds Harbour 8 Park Extension 300,000
6th Street & Macdonald Ave Signal Improvement 205,430
Bridge Preventative Maintenance 50,000
Total 555,430
Total Exchange and Unspent Funds Appropriation:
Fund Item Amount
General Fund Transfer Out 3,953,008
General Capital Fund Transfer In (3,953,008)
General Capital Fund Fire Station 66 Restroom 423,283
General Capital Fund Recreation Center HVAC 1,114,975
General Capital Fund Shields-Reid HVAC 900,000
General Capital Fund Nevin Center HVAC 1,064,750
General Capital Fund Harbour 8 Park Extension 300,000
General Capital Fund 6th St. & Macdonald Av. Signal Improvement 205,430 General Capital Fund Bridge Preventive Maintenance 50,000 Total 4,058,438
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I certify that the foregoing resolution was passed and adopted by the City Council of the City of Richmond at a regular meeting thereof held April 16, 2024, by the following vote:
AYES:
NOES:
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ABSTENTIONS:
ABSENT:
______________________________
City Clerk of the City of Richmond
(SEAL)
Approved:
__________________________________
Mayor
Approved as to form:
___________________________________
City Attorney