RESOLUTION NO. 482
AUTHORIZING THE DISBURSEMENT OF AMERICAN RESCUE PLAN FUNDING TO AND AN AGREEMENT WITH THE PALACE PERFORMING ARTS CENTER INC. AND AMENDING THE 2023 ALBANY COUNTY BUDGET
Introduced: 10/10/23
By ARPA Executive Committee, Beston, Clay, Cleary, Commisso, Feeney, A. Joyce, Lekakis, McLaughlin, Miller, Plotsky, Reidy, Reinhardt, Ricard, Rosano, Simpson and Willingham:
WHEREAS, The County of Albany received $29.6 million in funds from the American Rescue Plan Act (ARPA) which may be used for various projects and programs within the County to help mitigate the long-term effects of the COVID-19 Pandemic, and
WHEREAS, The Albany County Legislature created the ARPA Executive Committee and its various Subcommittees to determine how these funds should be distributed and to review applications for these monies, and
WHEREAS, The ARPA Executive Committee and its various Subcommittees have worked tirelessly over the last year in order to establish guidelines that will assist them in reviewing and evaluating the numerous applications they will receive, and
WHEREAS, The ARPA Executive Committee, having evaluated numerous proposals, has requested authorization to disburse ARPA funding in the amount of $150,000 to and enter into an agreement with the Palace Performing Arts Center, Inc. for a term commencing September 11, 2023 and ending December 31, 2026, and
WHEREAS, The Palace Performing Arts Center, Inc. seeks funding to support the preparation of the sites at 168-190 North Pearl Street and 27-291/2 Clinton Avenue in the City of Albany for clearing, leveling, and stabilization for future mixed-use redevelopment efforts at the sites, and
WHEREAS, This project is anticipated to provide jobs during the preparation and development phases and to ultimately increase the Albany County tax base, now, therefore, be it
RESOLVED, By the Albany County Legislature that the County Executive is authorized to disburse A...
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