Resolution 15992CITY OF ALAMEDA RESOLUTION NO. 15992
AUTHORIZING THE INTERIM CITY MANAGER, OR DESIGNEE, TO
ACCEPT AND APPROPRIATE HOME INVESTMENT
PARTNERSHIPS AMERICAN RESCUE PROGRAM FUNDS IN THE
AMOUNT OF $2,350,000; AND AMENDING THE HOME FUND (201)
BUDGET TO INCREASE 2022 ALLOCATION OF REVENUES AND
EXPENDITURES IN THE AMOUNT OF $2,350,000
WHEREAS, the City of Alameda is one of eight members of the Alameda HOME
Consortium and members of this group receive and share an allocation of HOME
Investment Partnerships Program funding from the U.S. Department of Housing and
Urban Development (HUD); and
WHEREAS, on June 29, 2021, the City entered into an agreement with Alameda
County for the period of July 1, 2021 to June 30, 2025 for a maximum amount of HOME
funds of $322,729.93, which includes $304,662.14 to be used for projects consistent with
HOME objectives; and
WHEREAS, on October 28, 2021 City staff submitted an application to receive
Alameda County HOME American Rescue Program (HOME -ARP) funding and this
application received a conditional approval of $2,350,000 contingent on the award of
State funding from Homekey Round 2; and
WHEREAS, the City of Alameda received a Homekey Round 2 award, allowing it
to qualify for Alameda County HOME -ARP funding; and
WHEREAS, Alameda County and the City of Alameda desire to amend their June 29,
2021 HOME agreement to extend the term through June 30, 2028, increase the total grant
budget by $2,350,000 and designate the Dignity Village project as the beneficiary of
$2,654,662.14 of HOME funds, which are to be used for a capitalized operating reserve
account to support the ongoing operations and to ensure the project's financial viability for
the initial five years of project operations; and
WHEREAS, staff is proposing that the HOME project budget be amended as
follows:
Allocation
Year
Original
HOME
budget
Amended
HOME
budget
Increase in
Allocation
Increase in Net (Revenue ,
Programmatic Less
Commitments Ex•enditure
2022 $500,000
and
WHEREAS, the City Council has considered the report and recommendations of
the Interim City Manager on the budget amendments and has determined that the budget
amendments are both fair and appropriate; and
$2,850,000
$2,350,000
A$2,350,000)
$0
WHEREAS, this budget ensures that the City of Alameda has exercised prudent
judgment in its fiduciary responsibility as guardian of the public tax dollars.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Alameda
that the budget amendments to the HOME budget is approved, by increasing the revenue
allocation by $2,350,000 and increasing the expenditure allocation by $2,350,000.
I, the undersigned, hereby certify that the foregoing Resolution was duly and
regularly adopted and passed by the Council of the City of Alameda in a regular meeting
assembled on the 18th day of October 2022, by the following vote to wit:
AYES: Councilmembers Daysog, Knox White, Vella and Mayor Ezzy
Ashcraft — 4.
NOES: Councilmember Herrera Spencer — 1.
ABSENT: None.
ABSTENTIONS: None.
IN WITNESS, WHEREOF, I have hereunto set my hand and affixed the official
seal of said City this 19th day of October 2022.
Lara Weisiger, City Clerk
City of Alameda
Approved as to form:
Yibin Shen, City Attorney
City of Alameda