22 - Laserfiche WebLink

Tri-Valley cities (Pleasanton, Livermore, and Dublin) and the County of Alameda Staff has already had preliminary meetings with staff representatives from each jurisdiction, and other jurisdictions are in the process of seeking approval of the concept from their respective elected decision-making bodies. The draft PPJ (included as Attachment 4) is based on a similar document that was used in the Section 108 loan collaboration for the Sojourner House project referenced earlier. The PPJ includes a table (included as Attachment 3) that illustrates the annual payment responsibility for each jurisdiction as summarized below: Jurisdiction Estimated % t,t Total Payment Annual Payment (20 Years) Pleasanton $16,922 27% $338,442 Livermore $19,494 31% $389,884 Dublin $11,084 18% $221,676 Alameda County $15,000 24% $299,997 TOTAL: $62,500 $1,250,000 (•)The distribution is based on population data from the 2010 Census. Population figures for the unincorporated county include Sunol and Castro Valley(62,301)but do not include Ashland,Cherryland, Fairview,or San Lorenzo(70,108). Jurisdictions would have the option of making their payments annually or in one or more lump sums (for example, a jurisdiction may opt to make one large payment up front and forego the option of annual payments). There are no penalties for early repayment of the loan which would allow maximum flexibility to individual jurisdictions to repay their "share" of the loan according to the availability of funds and other considerations. As discussed earlier, Pleasanton has allocated over $100,000 in CDBG funding to Axis for the past several years. Staff anticipates that the City will have a range of options to comfortably repay its share of the Section 108 loan either via annual payments (e.g., approximately $16,900 per year for 20 years) or in one or more larger lump sum payments until the total obligation of "approximately $338;442 is met. Assuming the continued availability of CDBG funding at present levels, staff does not anticipate the need to repay the loan from secondary sources. However, in the event that CDBG funds are insufficient or unavailable, the City could utilize local funds allocated annually for human services from the General Fund through the City's competitive Housing and Human Services Grant (HHSG) program. Approximately $160,000 is allocated annually for this purpose. The Section 108 loan will be secured with the City's CDBG entitlement and the property located at 5925 West Las Positas Boulevard in Pleasanton (HUD will have a first lien on the property). The loan proceeds will be used to fund extensive interior improvements to the existing building at 5925 West Las Positas Boulevard to create a new community clinic facility that will double the capacity of Axis to serve low-income persons in Pleasanton and the Tri-Valley. Page 8 of 9