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AGENDA_2021-02-16
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AGENDA_2021-02-16
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17. Appropriate $9.8 Million of Federal Emergency Rental Assistance Program Money <br />Allocated from the Department of Treasury and Approve the Proposed Spending Plan <br />(Non -General Fund) <br />Department(s): Community Development Agency <br />Recommended Action: 1. Approve an appropriation adjustment recognizing an <br />allocation of Emergency Rental Assistance Program funds from the U.S. Department <br />of Treasury in the amount of $9,880,391.30 in revenue account and appropriating <br />same to expenditure account. (Requires five affirmative votes) <br />2. Approve the proposed Emergency Rental Assistance Program spending plan, <br />subject to adjustment by the City Manager as needed in response to shifting needs <br />and priorities not to exceed the amount of funds available. <br />3. Direct the City Attorney to finalize and authorize the City Manager to enter into <br />negotiations, execute agreements, and approve any other required actions necessary <br />with various service providers, contractors, and sub -recipients, who will implement the <br />Emergency Rental Assistance Program spending plan, subject to non -substantive <br />changes approved by the City Manager and City Attorney (Agreement No. 2021- <br />XXX) . <br />18. Approve Agreement with Stradling Yocca Carson & Rauth for Pension Debt <br />Refinancing Bond Counsel, Disclosure Counsel and Court Validation Services <br />Department(s): Finance and Management Services <br />Recommended Action: Authorize the City Manager to execute an agreement with <br />Stradling Yocca Carson & Rauth for legal services related to pension debt refinancing, <br />for an amount not to exceed $154,500 including a contingency of $35,000 for the <br />period February 16, 2021 through August 16, 2022 with an option to extend for up to <br />one year subject to non -substantive changes approved by the City Manager and City <br />Attorney (Agreement No. 2021-XXX). <br />**END OF CONSENT CALENDAR** <br />BUSINESS CALENDAR <br />19. Receive and File Fiscal Year 2020-2021 Mid -Year Budget Update and Approve Mid - <br />Year Appropriation Adjustments (General Fund and Non -General Fund) <br />Department(s): Finance and Management Services <br />Recommended Action: 1. Receive and file Fiscal Year 2020-2021 (FY20-21) Mid - <br />Year Budget Update, including revised revenue estimates. <br />2. Approve the recommended Mid -Year Appropriation Adjustments. (Exhibit 2) <br />Page 8 of 9 2/16/2021 <br />
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