...Title
Allocation of Community Benefit Payment from Google.
...Recommendations
(a) Approve staff’s recommended funding allocation of the $3,000,000 community benefit payment from Google as follows:
(1) Outreach to tenants and landlords on the eviction moratorium and rental relief funding in the amount of $1,250,000;
(2) Capacity building for nonprofit organizations in the amount of $1,000,000;
(3) Preservation pilot program in the amount of $500,000; and
(4) Land trust predevelopment work in the amount of $250,000.
(b) Adopt the following 2021-2022 Funding Sources Resolution and Appropriation Ordinance Amendments in the General Fund:
(1) Increase the estimate for Other Revenue by $3,000,000; and
(2) Establish the Google Community Benefits City-wide appropriation to the Office of Economic Development and Cultural Affairs in the amount of $3,000,000.
CEQA: Downtown West Mixed-Use Plan Environmental Impact Report, GP19-009, PDC19-039, PD19-029 (State Clearinghouse # 2019080493, City Council Resolution No 80018). (Economic Development and Cultural Affairs/Housing/City Manager)