Title
American Recovery and Reinvestment Act (B)
The City Commission will receive an update regarding the 2009 American Recovery and Reinvestment Act.
Explanation
The City of Gainesville has been closely monitoring the implementation of the 2009 American Recovery and Reinvestment Act (ARRA). Staff from General Government and GRU have been receiving updates regarding the amount of ARRA funding that will be received through direct formula allocations as well as ARRA opportunities that will be made available through State allocations or competitive grant process.
At this time, staff will provide the City Commission with an update on funding directed to the City via formula allocations and competitive grants which the City is monitoring and preparing to apply for as they become available.
Fiscal Note
At this time, the City of Gainesville is expecting to receive approximately $7,888,515 through direct formula allocations.
Recommendation
The City Commission receive a report from staff.