Commission Meeting Agenda Item
Consideration of Approval of the Interlocal Agreement with Lake County for Disbursement of CARES Act Funds
Staff Recommended Motion
Approval of the Interlocal Agreement with Lake County for Disbursement of CARES Act Funds.
Lake County was allocated $64,000,000 in CARES Act funding to be used for COVID-related purposes. The County has already received $16,000,000 of that funding which they have made available to the business community through a grant process. Approximately $1,700,000 of these same funds are being provided to the School Board to for safety-related purchases. Once the County spends the initial $16,000,000, the State will provide access to the remaining $48,000,000 in funding. On August 25th, the Lake County Commission approved allocating a portion of the remaining funds to the municipalities. The Town’s total allocation will be $808,900. We have submitted an estimated “Spend Plan” consisting of what we have already spent on COVID and what we may to need to spend prior to December 31, 2020 to help protect against COVID. To be eligible for this reimbursement funding, the Town will need to execute the attached Interlocal Agreement for Disbursement of CARES Act Funds.
Eligible for Reimbursement of Approved Expenses up to $808,900.00
Source of Funding
Federal and/or State Funds