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HomeMy WebLinkAboutReso 08-2024 (24-10)City of South San Francisco P.O. Box 711 (City Hall, 400 Grand Avenue) City Council South San Francisco, CA Resolution: RES 08-2024 File Number: 24-10 Enactment Number: RES 08-2024 RESOLUTION APPROVING BUDGET AMENDMENT NUMBER 24.027 APPROPRIATING $147,500 IN THE LOW- AND MODERATE -INCOME HOUSING FUND (FUND 241) IN FISCAL YEAR 2023-24 FOR THE CITY' S EMERGENCY RENTAL ASSISTANCE PROGRAM. WHEREAS, the City of South San Francisco ("City") aims to assist low-income households avoid eviction and homelessness by providing a one-time financial assistance to cover past -due rent or security rental deposit in an amount not to exceed $4,500 annually; and WHEREAS, on July 27, 2022, City Council adopted resolution #22-615 appropriating $250,000 with an additional $37,500 for the program's administration, totaling $287,500 for the purpose of assisting low-income South San Francisco tenants facing financial hardship; and WHEREAS, Fund 241 has a balance of approximately $2.3 million and receives approximately $210,000 in annual income, providing a stable and reliable source of funding for this program; and WHEREAS, the Emergency Rental Assistance programs have played a key role for low-income renters as local jurisdictions recognize that renters are highly vulnerable to debt, homelessness, and displacement; and WHEREAS, low-income residents of the City continue to have a need for funds from the Emergency Rental Assistance program. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of South San Francisco that the City Council does hereby approve Budget Amendment Number 24.027 appropriating $125,000 for the Emergency Rental Assistance program and $22,500 for administrative expenses, totaling $147,500 to fund the Emergency Rental Assistance program for the remainder of Fiscal Year 2023-24. BE IT FURTHER RESOLVED that the City Council hereby takes the following actions: 1. The foregoing recitals are true and correct and incorporated herein as part of this Resolution. 2. Authorizes the Finance Director or their designee to take all necessary budgetary actions to carry out the intent of this Resolution. Authorizes the City Manager to implement the program consistent with this Resolution, to execute any related documents or Agreements, and to take any other related actions necessary to carry out the intent of this Resolution, subject to approval as to form by the City Attorney. City of South San Francisco File Number: 24-10 Enactment Number: RES 08-2024 At a meeting of the City Council on 1/10/2024, a motion was made by Councilmember Nagales, seconded by Councilmember Nicolas, that this Resolution be approved. The motion passed. Yes: 5 Mayor Coleman, Vice Mayor Flores, Councilmember Addiego, Councilmember Nagales, and Councilmember Nicolas Attest byza� fw- Rosa ovea Acosta, City Clerk City of South San Francisco