AN ORDINANCE

TO CREATE A FUND WITHIN THE FISCAL RECORDS OF THIS CITY TO BE KNOWN AS THE LOCAL CORONAVIRUS RELIEF FUND; AND TO DECLARE AN EMERGENCY.

WHEREAS, the Coronavirus Aid, Relief, and Economic Security Act, 116 Public Law 136, (the CARES Act) was signed into law by the President of the United States on March 27, 2020; and

WHEREAS, the Ohio General Assembly established a process for distributing funds provided by the CARES Act in S.B. 310 of the 133^rd General Assembly; and

WHEREAS, Section 6 of S.B. 310 requires subdivisions receiving monies under Section 1 of the act to establish a fund within the fiscal records of the City to receive such monies, to be known as the “Local Coronavirus Relief Fund,” which will allow such funds to be separately accounted and reported; and

WHEREAS, Council finds it necessary and desirable to establish such a fund;

NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF OAKWOOD, STATE OF OHIO, THAT:

SECTION I.

Through this ordinance a new fund entitled the Local Coronavirus Relief Fund is created.

SECTION II.

The Director of Finance is hereby authorized and directed to take such actions as may be necessary to enter the same upon the fiscal records of this city, and to utilize the same immediately for the purposes provided by law.

SECTION III.

This ordinance is hereby declared to be an emergency measure and as such shall take effect immediately, on the basis that it is necessary to create the new fund promptly so that it is in place to receive coronavirus relief funds as soon as the same may become available, and on the further basis of protection of the public peace, health, safety and welfare.

PASSED BY COUNCIL OF THE CITY OF OAKWOOD, this _______ day of ____________, 2020.