...Title
Proposed Changes to City Council Policy 1-18, Section 22 and the Spending Priorities and Percentage Allocation of Measure E Real Property Transfer Taxes. - TO BE HEARD CONCURRENTLY WITH ITEM 3.8 AND NOT BEFORE 1:30 P.M.
...Recommendations
(a) Adopt a resolution approving by two-thirds (2/3rds) affirmative vote revisions to the spending priorities under City Council Policy 1-18, Section 22, Real Property Transfer Tax Revenues to change the spending allocation as follows:
(1) 5% for administrative costs, with the remaining revenues allocated as follows:
(i)10% for homeless prevention, gender-based violence programs, legal services and rental assistance;
(ii) Up to 90% of anticipated revenues for homeless sheltering and support programs that may include, but are not limited to, case management, outreach teams, encampment services, safe or supportive parking, homeless shelters, and interim housing construction and operations; and
(iii) Any remaining revenue for the creation of new or the preservation of existing affordable housing.
(b) In the alternative to (a)(1) adopt a resolution approving by two-thirds (2/3rds) affirmative vote an alternative allocation for Measure E spending priorities under City Council Policy 1-18, Section 22, Real Property Transfer Tax Revenues and for the 2025-2026 Proposed Budget spending of Measure E revenue totaling $55.0 million anticipated to be received in Fiscal Year 2025-2026.
CEQA: Not a Project, File No. PP17-008, General Procedure and Policy Making resulting in no changes to the physical environment. (City Manager)
PLEASE NOTE: APPROVAL OF RESOLUTIONS UNDER RECOMMENDATIONS A AND B REQUIRES AFFIRMATIVE VOTES OF EIGHT MEMBERS (2/3) OF THE CITY COUNCIL. (Council Policy 1-18, Section 22(c)(2)).