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Title:
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Resolution authorizing the Department of Homelessness and Supportive Housing (“HSH”) to execute a Standard Agreement with the California Department of Housing and Community Development having anticipated revenue to the City in a total amount not to exceed $8,225,095 of Project Homekey grant funds; to retroactively accept and expend those funds for the acquisition of the property located at 42 Otis Street for permanent supportive housing and to support its operations for costs incurred March 3, 2021, through June 30, 2026; approving and authorizing HSH to commit approximately $8,710,632 in required matching funds for acquisition of the property and a minimum of 10 years of operating subsidy; affirming the Planning Department’s determination under the California Environmental Quality Act; adopting the Planning Department’s findings of consistency with the General Plan, and the eight priority policies of Planning Code, Section 101.1; and authorizing HSH to enter into any additions, amendments, or other modifications to the Standard Agreement and the Homekey Documents that do not materially increase the obligations or liabilities of the City or materially decrease the benefits to the City.
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