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File #: 22-064    Version: Name:
Type: General Discussion Status: Held
File created: 7/13/2022 In control: Finance Committee
On agenda: 6/19/2024 Final action:
Title: Continued discussion regarding the status and possible changes to Capital Improvement Plan (CIP) and Capital Non-Recurring (CNR) Fund based on the American Rescue Act Funding (ARPA) and the process to approve ARPA Projects and expend ARPA Funding.
Attachments: 1. ARPA project accounting 5.13.24.pdf, 2. Sandy Hollow Guardrail quote- updated 2-28-24.pdf, 3. ARPA - Obligation Interim Final Rule Quick Reference Guide 2023.pdf
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
6/5/20242 Finance Committee Continue  Action details Meeting details Video Video
5/15/20242 Finance Committee Continue  Action details Meeting details Not available
4/17/20242 Finance Committee Continue  Action details Meeting details Video Video
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3/6/20241 Finance Committee Continue  Action details Meeting details Video Video
2/21/20241 Finance Committee Continue  Action details Meeting details Video Video
2/7/20241 Finance Committee Continue  Action details Meeting details Video Video
1/17/20241 Finance Committee Continue  Action details Meeting details Video Video
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12/6/20231 Finance Committee Continue  Action details Meeting details Video Video
11/1/20231 Finance Committee Continue  Action details Meeting details Video Video
10/4/20231 Finance Committee Continue  Action details Meeting details Not available
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7/19/20231 Finance Committee Continue  Action details Meeting details Video Video
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2/15/20231 Finance Committee No Action   Action details Meeting details Video Video
2/1/20231 Finance Committee Continue  Action details Meeting details Video Video
1/18/20231 Finance Committee No Action   Action details Meeting details Video Video
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12/7/20221 Finance Committee No Action   Action details Meeting details Video Video
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10/19/20221 Finance Committee Continue  Action details Meeting details Video Video
10/5/20221 Finance Committee No Action   Action details Meeting details Video Video
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9/7/20221 Finance Committee No Action   Action details Meeting details Not available
7/20/20221 Finance Committee Continue  Action details Meeting details Video Video
AGENDA REQUEST
GENERAL DISCUSSION ITEM

Subject:
title
Continued discussion regarding the status and possible changes to Capital Improvement Plan (CIP) and Capital Non-Recurring (CNR) Fund based on the American Rescue Act Funding (ARPA) and the process to approve ARPA Projects and expend ARPA Funding.

end


Background:

From: Fred Allyn, III
Sent: Monday, March 04, 2024 10:58 AM
To: Roxanne Maher
Subject: Sandy Hollow guardrail quote attached

Attached is the updated Sandy Hollow Road guardrail project for the Finance Committee's March 6, 2024 as part of the ARPA discussions. The plan is that, pending approval, $300K would come from ARPA and the balance from existing "TAR Maintenance" grant line. The reduced costs reflect PW doing the rip out of existing and providing traffic control as well as a reduction of 575 LF of rail (see attached) .

Best,

Fred




Additional Background:

The Town has been slated to receive approximately $4,327,000 from the American Rescue Plan Act.

* Local governments would receive funding in two tranches (2nd tranche May/June 2022)
* Funds must be "obligated" by the end of calendar year 2024, "liquidated" by end of calendar year 2026.
Although the federal guidelines did not require approval by the taxpayers for the use of the American Rescue Plan Act (ARPA) Funding that the Finance Committee decided to include projects that were not time-sensitive in the Capital Improvement Plan (CIP) that would be presented and voted on by the taxpayers as part of the May 17, 2022 Budget Referendum

To ensure that each project and all suggestions were given their due diligence that over the past year the Finance Committee developed a rubric to evaluate/rate each project, held an Information Forum on February 15, 2022 to receive and comments and suggestions on the proposed ARPA Projects, and received input from town departments and residents through conversations, and other sources such as social...

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