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A resolution appropriating $471,694 in American Rescue Plan Act funds from Fund #30216 to the Big Brothers Big Sisters of Middle Tennessee, in partnership with Tennessee State University, to provide mentoring services for first-year college students though an initiative called Big Futures.
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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 equipping young people with tools for post-secondary success through college and career mentoring; and,
WHEREAS, Big Brothers Big Sisters of Middle Tennessee's Big Futures initiative, as described in Exhibit A, will build a system to support college freshmen in understanding how to achieve financial stability/success, to advance career goals, to set a trajectory for academic success/completion, and to maintain/improve mental health; and,
WHEREAS, it is to the benefit of the citizens of The Metropolitan Government of Nashville and Davidson County that this resolution be approved.
NOW, THEREFORE, BE IT RESOLV...
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