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Committee recommends placing $3,082.51 in ARPA interest into RDA startup funds
Summary
Committee recommended moving approximately $3,082.51 in interest earned on original ARPA funds into the RDA revenue account to serve as project startup funds and to close out the ARPA account.
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Clerk/Treasurer Michelle Maroszek told the committee the Village has approximately $3,082.51 in interest income remaining from the Village's original American Rescue Plan Act (ARPA) allocation and asked for direction on how to close out the ARPA account.
Committee member Tim Kelley moved to recommend the funds be deposited into the RDA revenue account for project startup funds; Matt Pleshek seconded and the motion carried unanimously. The committee's recommendation will be forwarded to the Village Board for final action.
