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File #: RS2022-1494    Name:
Type: Resolution Status: Passed
File created: 4/8/2022 In control: Metropolitan Council
On agenda: 4/19/2022 Final action: 4/19/2022
Title: A resolution appropriating $260,000 in American Rescue Plan Act funds from Fund #30216 to carry out the study proposed by RS2021-927, to identify strategies to assist independent music venues in recovering from the impacts of COVID-19 and other acute stresses.
Sponsors: Courtney Johnston, Sandra Sepulveda, Jennifer Gamble, Jeff Syracuse, Colby Sledge, Ginny Welsch, Burkley Allen, Erin Evans, Joy Styles
Attachments: 1. Exhibit
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A resolution appropriating $260,000 in American Rescue Plan Act funds from Fund #30216 to carry out the study proposed by RS2021-927, to identify strategies to assist independent music venues in recovering from the impacts of COVID-19 and other acute stresses.
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WHEREAS, on June 15, 2021, the Metropolitan Council passed Resolution RS2021-966, a resolution which accepted grant funds for local government support from the Coronavirus State and Local Fiscal Recovery Funds established by the American Rescue Plan Act of 2021 ("ARP Funds") from the U.S. Department of the Treasury to The Metropolitan Government of Nashville and Davidson Count, which was subsequently signed into law by Mayor John Cooper on June 16, 2021; and
WHEREAS, Resolution RS2021-966 established a COVID-19 Financial Oversight Committee ("the Committee") whose role is to collect, consider, and recommend appropriate uses of the ARP Funds as designated by the Metropolitan Council disbursement plan. The Committee will submit its reports and recommendations to the Mayor, the Director of Finance, and the Metropolitan Council not later than June 30, 2025; and
WHEREAS, there are federal requirements for use of ARP Funds that require that these funds be expended or obligated on or before December 31, 2024; and
WHEREAS, the Committee recognizes the independent music venues are in integral part of Nashville's identity; and
WHEREAS, the Committee previously recommended RS2020-515, which allocated $2,000,000.00 in CARES Act funds to provide financial support to live music venues negatively affected by COVID-19 and which was enacted into law on September 1, 2020; and
WHEREAS, on May 4, 2021, Metro Council adopted RS2021-927, requesting stakeholders, including the Metropolitan Planning Department, Metro Arts Commission: Nashville Office of Arts & Culture, Metropolitan Historical Commission, the Nashville Convention and Visitors Corporation, and the Nashville Area Chamber of Commerce, to partner together ...

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