Fiscal Note
No additional City appropriation is required for the proposed resolution. Funding for this award was authorized by Common Council adopted RES-21-00487 (File ID 65935).
Title
Authorizing a $400,000 award of American Rescue Plan Act Local Fiscal Recovery Funds to the Madison Public Market Foundation, Inc. and authorizing the Mayor and City Clerk to sign an agreement for Operating Costs Related to the Madison Public Market Project.
Body
WHEREAS, on July 6, 2021, The Madison Common Council adopted RES-21-00487, accepting and allocating American Rescue Plan Act, Local Fiscal Recovery Funds for the City of Madison; and
WHEREAS, within that adopted resolution, $400,000 was approved to support operational expenses of the Madison Public Market Foundation, Inc (MPMF) due to unforeseen project delays that have adversely affected the MPMF’s financial position; and
WHEREAS, on July 20, 2021, The Madison Common Council accepted the “report on the criteria and processes for allocating American Rescue Plan Act (ARPA) funding appropriated in the 2021 budget” provided in Legislative File #66453; and
WHEREAS, within that report (on pages 17-18), the context and use of the funding for the MPMF is generally outlined, as well as a rough timeline for the introduction of an authorizing resolution to award the funding; and
WHEREAS, under the US Treasury Guidance for ARPA’s local fiscal recovery funds and general federal guidelines, procurements over the simplified acquisition threshold of $250,000 are subject to competitive procurement requirements, and while this is a sub-recipient relationship and not a procured service, to the extent that competitive selection would be required by federal rules and local rules, this award meets the federal criteria for noncompetitive selection under 2 CFR 200.320(c)(2), “the item is available only from a single source;” and
WHEREAS, under local purchasing policies, services over $50,000 that were not selected with a competitive...
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