...Title
Soft Story Seismic Retrofit Pilot Financing Program.
...Recommendations
(a) Adopt a resolution authorizing the Housing Director or his designee to negotiate and execute an amendment to the Master Services Agreement with Guidehouse Inc., to increase total compensation by $1,616,900, from $350,000 to $1,966,900, using Low and Moderate Income Housing Asset Funds, to implement a small scale, voluntary Soft Story Seismic Retrofit Pilot Financing Program by providing loans to property owners to begin retrofitting the highest-priority soft-story buildings and to evaluate the effectiveness of the program and develop a framework for a future, larger-scale seismic retrofit financing program.
(b) Adopt the following Appropriation Ordinance amendments in the Low and Moderate Income Housing Asset Fund:
(1) Decrease the Unrestricted Ending Fund Balance by $1,616,900; and
(2) Establish the Soft Story Seismic Retrofit Pilot Financing Program appropriation to the Housing Department in the amount of $1,616,900.
CEQA: Categorically Exempt, CEQA Guidelines Section 15301, Existing Facilities (File No. ER23-173). (Housing/City Manager)