Regular Village Board meetings are typically held at 7:00 p.m., the first three Tuesdays of each month in Council Chambers of Village Hall (room 201), 123 Madison St. When a Regular Meeting falls on a holiday, the meeting typically is held the following night. The Village Board also meets in special sessions from time to time. However, dates and times of Special Meetings can vary and may change.

File #: RES 23-60    Name:
Type: Resolution Status: Regular Agenda
In control: President and Board of Trustees
On agenda: 3/6/2023 Final action:
Title: A Resolution Approving a Funding Grant Agreement Between the Village of Oak Park and the Park District of Oak Park in an Amount Not to Exceed $1,000,000 and Authorizing its Execution
Attachments: 1. Resolution Park District Oak Park- ARPA Funding, 2. Park District of Oak Park Agreement, 3. Park District Oak Park Application, 4. Park District of Oak Park ARPA Funding Request Proposal, 5. Exhibits for Park District of Oak Park

Submitted By                     

Steve Drazner, CFO

 

Reviewed By

A.M. Zayyad, Deputy Village Manager

 

Agenda Item Title

Title

A Resolution Approving a Funding Grant Agreement Between the Village of Oak Park and the Park District of Oak Park in an Amount Not to Exceed $1,000,000 and Authorizing its Execution

 

End

Overview

Overview

The Village Board previously approved a $1,000,000 Funding Grant Agreement for the Park District of Oak Park pursuant to Resolution 22-83 adopted by the Board on April 11, 2022. 

 

It was the understanding at the time that it was the intent of the Park District to request an additional funding amount for a second distribution of ARPA funds of $1,000,000 in 2023, thus bringing the total ARPA funding request from the park district to $2,000,000. 

 

End

Recommendation

Recommendation

Adopt the Resolution.

 

Background

The Park District of Oak Park is another unit of local government that serves an important purpose for the community. The requested ARPA funding will be used towards the expenditures as outlined in the attached Agreement.

 

The attached Agreement between the Village and the Park District of Oak Park is included for formal Board approval in conjunction with the Resolution which will allow the Village Manager to execute the Agreement for the second funding installment payment. The park district, as a recipient of Village ARPA funds, will be responsible for financial reporting back to the Village.  The Village, in turn, must report this data and information to the US Department of the Treasury.

 

The schedule below summarizes all ARPA draw-downs and obligations to date:

 

 

Fiscal Impact

A draw-down of $1,000,000 from ARPA Fund reserves.

 

DEI Impact

N/A

 

Alternatives

Not provide an additional $1M to the Park District.

 

Previous Board Action

Resolution 22-83 was adopted on April 11, 2022.

 

Citizen Advisory Commission Action

N/A

 

Anticipated Future Actions/Commitments

N/A

 

Intergovernmental Cooperation Opportunities

N/A