title
Resolution Adding $18,639 in American Rescue Plan Act Funds to the 10th and Grace Streets Intersection Improvements Project
body
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Department: |
Finance |
Meeting Date: |
6/16/2026 |
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Contact Name: |
Martha Wayne |
Public Hearing: |
No |
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Contact Phone: |
910-341-4692 |
Advertising Date/Advertised By: |
N/A |
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Attachments: |
Attachment #1: Resolution |
PURPOSE:
Attached for your consideration is a resolution to allow the City to move American Rescue Plan Act (“ARPA”) funds in the amount of $18,639 to the 10th and Grace Streets Intersection Improvements Project (“Project”).
BACKGROUND:
The City received $25,929,952 in ARPA funding from the U.S. Department of the Treasury. In 2021, staff presented an initial recommended funding plan to City Council and have continued to provide updates as adjustments to the plan have been made. These adjustments have addressed evolving community needs while supporting economic recovery efforts and the City's continued fiscal stability. The initial ARPA funding plan amount allocated for the Project was $425,380; however, as the Project progressed, the construction costs increased $18,639, and the total project cost increased to $444,019.
BUDGET IMPACT:
The total budget impact for this acquisition would be a transfer of $18,639 from the ARPA Digital Divide Job Project to the 10th and Grace Streets Intersection Improvements Project.
RECOMMENDATION / ACTION REQUESTED:
Passage of the attached resolution is recommended.