Report to Mayor and City Council
Tuesday, October 18, 2022
Discussion
SUBJECT:
Title
CONSIDER QUARTERLY FINANCIAL STATUS REPORT ON THE CITY OF CARSON PROJECTS BEING FUNDED BY THE AMERICAN RESCUE PLAN ACT (ARPA).
Body
I. SUMMARY
This is a quarterly financial report to the City Council to provide a status update on how ARPA (American Rescue Plan Act) is being used and provide an overview projects timeline, budget and estimated date of completion.
II. RECOMMENDATION
Recommendation
RECEIVE and FILE.
Body
III. ALTERNATIVES
TAKE any other action the City Council deems appropriate.
IV. BACKGROUND
The American Rescue Plan act is a federal stimulus plan to provide funding to State and Local Governments to assist communities in recovering from the COVID-19 pandemic. The City of Carson received $17.8 million and on March 15, 2022, the City Council issued specific earmarks for the use of ARPA funds (Budget Resolution 22-039). Per United States Treasury guidelines for ARPA, funds must be obligated by December 31, 2024, and fully expensed by December 31, 2026. City of Carson spent $8.9 million Year to Date, which consisted of $8.1 million in Premium Pay to City of Carson workers and $764K in Small Business Loan Forgiveness. There is $8.8 million left and the status updates for each earmark provided below:
$3.5 Million Citywide Slurry Seal Project
On September 6th, 2022, Council approved contract to be awarded to Petrochem Materials Innovation, LLC. A month later the contract was fully executed, and Purchase Order was issued. The total cost of this project is estimated at $3.1 million. According to Staff Report 2022-730 presented to Council, the project will seal approximately 35 miles of streets throughout the City of Carson in an equitable manner for each district. The rubberized slurry seal provided better protection to pavement deterioration. The seal is cost effective approach to extending life of pavement and preserving structural capacity.
$2.1 Mill...
Click here for full text