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A resolution appropriating $1,000,000 in American Rescue Plan Act funds from Fund #30216 to the Metropolitan Government to provide subsidies for electric bicycles.
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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 County, 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 importance of alternative and sustainable modes of transportation, such as electric bicycles ("e-bikes"); and,
WHEREAS, the Committee recognizes that e-bikes allow for riders to bike greater distances and across harder terrain than regular bicycles, can save the rider thousands of dollars each year on fuel and vehicle maintenance by replacing car trips, and reduces the carbon footprint of the rider; and,
WHEREAS, the Committee recognizes that e-bikes serve as a low-cost, affordable form of transportation, however, an e-bike subsidy program will help low to moderate income individuals to purchase an e-bike that may otherwise be unavailable; and,
WHEREAS, the Committee recognizes that an e-bike subsidy program, administered through the Metrop...
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