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Board reviews grants schedule; ARPA fully expended and BayWalk grant needs extension

North Bay Village Financial Advisory Board · February 11, 2025
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Summary

Staff reviewed active grants, noting the North Bay Village Coastal Resiliency Project carries a $3M award with a $3M match requirement, ARPA funds were fully expended by 12/31/2024, and BayWalk (~$1M) may need an extension as it nears expiration with little remaining balance.

Staff presented a two‑page grants summary listing awards, expiration dates and matching requirements. Officials flagged the North Bay Village Coastal Resiliency Project as a $3 million award that requires a $3 million local match; staff said they have not yet secured a partner willing to provide the matching funds and are exploring options.

"The ARPA funds were fully expended by 12/31," a staff liaison said, adding that the village used ARPA for allowable payroll and benefits. Commissioners also discussed a BayWalk $1,000,000 grant that expires in March and currently shows only $5,000 remaining; staff said they will attempt to secure an extension and must demonstrate progress to retain or extend some awards. Officials cautioned many grants are reimbursement‑based and require documentation and timely use to avoid deobligation.