Resolution 2020-47 - Laserfiche WebLink

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Colorado, and the Town of Superior, Colorado (indivicually referred to as a "Party" and collectively referred to as the "Parties") have agreed to the following regarding allocation of the $27,889,758: • Each Party is individually responsible for completing all activities necessary to become eligible to receive reimbursement from the CARES Act funds and each Party will keep an appropriate accounting of the expenditure of funds sufficient to meet the needs of the State and their own accounting practices for reimbursement from DOLA. • Each Party assumes responsibility for ensuring the funds are only used for eligible expenses as determined by DOLA under the CARES Act criteria. • Each Party will assume responsibility fcr initially covering their own costs and will apply individually for reimbursement from DOLA. • All Parties may seek partners on projects eligible for CARES reimbursement from among the other Parties to this agreement, and the Parties may decide to participate in county -wide programs that meet the eligibility requirements for CARES funding. No Party is under any obligation to participate in any such partnership. • Boulder County will receive 55% of the funding to cover both county -wide COVID-19 expenses and expenses that Are specific to the Boulder County local government organization. • The remaining 45% will be allocated among Boulder County's ten municipalities based on the 2018 population estimate provided by the Colorado State Demography Office to cover COVID-19 costs specific to their organizations. • Further, the Parties agree to work collaboratively to reallocate any Parties' unspent funds to either the County or otter municipalities within the county prior to reverting any the $27,889,758 back to the state-wide reserve pool. The specific allocation of funds is included as Exhibit A to this letter. The Parties would again like to express their appreciation for this allocation of funds to meet the needs of Boulder County local governments in addressing the COVID-19 pandemic.