HomeMy WebLinkAboutResolution 2020-119 N.C.S. 07/20/2020Resolution No. 2020-119 N.C.S.
of the City of Petaluma, California
RESOLUTION APPROVING THE FUNDING APPROPRIATION FOR THE CITY OF
PETALUMA'S HOUSING IN -LIEU AND COMMERCIAL LINKAGE FUNDS AND
AUTHORIZING THE CITY MANAGER TO EXECUTE ANY DOCUMENTS
NECESSARY TO IMPLEMENT THE PROJECTS AND PROGRAMS
WHEREAS, the City Council of the City of Petaluma has developed housing goals to
address the broad range of needs within the community; and
WHEREAS, the City Council of the City of Petaluma adopted the 2015-2023 Housing
Element on December 1, 2014 with Resolution No. 2014-190 N.C.S., and
WHEREAS, the City budget was adopted by City Council on June 15, 202 and effective
as of July 1, 2020 which included the appropriations for Housing In -Lieu and Commercial
Linkage Funds
WHEREAS, Requests for Proposals are distributed annually, and a public notice is
published in the Argus Courier, requesting submissions of programs and projects to implement
affordable housing projects and programs which address City Council goals.
NOW, THEREFORE, BE IT RESOLVED by the City of Petaluma City Council that
the projects and programs funding by the Housing In -Lieu and Commercial Linkage Funds, and
listed in Exhibit A to this Resolution, are adopted and the City Manager is authorized to execute
agreements and related documents to implement the projects and programs.
Under the power and authority conferred upon this Council by the Charter of said City.
REFERENCE: I hereby certify the foregoing Resolution was introduced and adopted by the Approve as to
Council of the City of Petaluma at a Regular meeting on the 20th day of July 2020, fo
by the following vote:
M,
City Attorney
AYES: Mayor Barrett; Vice Mayor Fischer; Healy; Kearney; King
NOES: None
ABSENT: McDonnell; Miller
ABSTAIN: Noe
ATTEST:
City Clerk Mayor
Resolution No. 2020-119 N.C.S. Page 1
Exhibit A
Exhibit A - 2020 Funding Appropriations for Petal uma's Affordable Housing Program
In Lieu Housing Fund:
Estimated Beginning Balance Funds available 7/1/20 $ 5,013,154
Estimated 20-21 Revenue
In Lieu Fees $ 407,842
Total 20-21 Revenue $ 407,842
Funds Available for 20-21 Allocation $ 5,420,996
Appropriations 20-21:
PEP Housing $ 1,500,000
Mid -Pen Housing 800,000
PPSC Rental Assistance & Fair Housing 95,000
Committee on the Shelterless 20,000
Veterans Resource Center — Rental Assistance — 3 Rocca Drive 20,000
Administrative Costs 25,640
Total 20-21 Appropriations $ 2,460,640
Estimated Fund Balance 6/30/21 $ 2,960,356
Commercial Linkage Fund:
Estimated Beginning Balance Funds available 7/1/20 $ 932,094
Estimated 20-21 Revenue
Commercial Linkage Fees
$
156,900
Total 20-21 Revenue
$
156,900
Funds Available for 20-21 Allocation
$
1,088,994
Appropriations 20-21:
Housing Land Trust of Sonoma County - First Time Homebuyer Admin
$
50,000
Housing Land Trust of Sonoma County
50,000
Administrative Costs
72,183
Total 20-21 Appropriations
$
172,183
Estimated Fund Balance 6/30/21
$
916,811
HOME Fund:
Estimated Beginning Balance Funds available 7/1/20 $ 1,098,505
Estimated 20-21 Revenue
HOME Revenues $ 163,982
Total 20-21 Revenue $ 163,982
Funds Available for 20-21 Allocation $ 1,262,487
Resolution No. 2020-119 N.C.S. Page 2
Appropriations 20-21:
Mid -Pen Housing
Total 20-21 Appropriations
Estimated Fund Balance 6/30/21
$
900,000
$
900,000
$
362,487
Housing Successor Fund.
Estimated Beginning Balance Funds available 7/1/20 $ 28,167
Estimated 20-21 Revenue
Housing Successor Funds $ 193,399
Total 20-21 Revenue $ 193,399
Funds Available for 20-21 Allocation $ 221,566
Appropriations 20-21:
Administrative Costs $ 165,899
Total 20-21 Appropriations $ 165,899
Estimated Fund Balance 6/30/21 $ 55,667
Mobile Home Rent Stabilization Fund:
Estimated Beginning Balance Funds available 7/1/20 $ 95,479
Estimated 20-21 Revenue
Mobile Home Rent Fees $ 24,775
Total 20-21 Revenue $ 24,775
Funds Available for 20-21 Allocation $ 120,254
Appropriations 20-21:
Administrative Costs $ 24,000
Total 20-21 Appropriations $ 24,000
Estimated Fund Balance 6/30/21 $ 96,254
Resolution No. 2020-119 N.C.S. Page 3