SUBJECT: Approval to Accept and Appropriate Grant Funds from the State of California Department of Housing and Community Development (HCD) From the Homekey Program in the Amount of $4,420,000 REPORT IN BRIEF Consider accepting and appropriating grant funds from the State of California Department of Housing and Community Development (HCD) from the Homekey Program in the amount of $4,420,000. RECOMMENDATION City Council - Adopt a motion: A. Accepting Homekey grant funds in the amount of $4,420,000; and, B. Increasing revenue account 097-1301-324-02-00 in the amount of $4,420,000 and appropriating the same to 097-1301-512-17-00 for expenditures; and, C. Authorizing the use of pooled cash to cover the appropriation until grant funds are reimbursed; and, D. Authorizing the Finance Officer to make the necessary budget adjustments; and, E. Authorizing the City Manager or Deputy City Manager to execute all documents, including any amendments.

Consent Item Passed Introduced April 4, 2022

Committee: City Council/Public Finance and Economic Development Authority/Parking Authority
Requested by: Development Services Department
Introduced: April 4, 2022
On agenda: April 18, 2022
Passed: April 18, 2022