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Attachment 1 <br /> RESOLUTION NO. 15- <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON <br /> AUTHORIZING APPROPRIATION OF $66,715 IN FY2015/16 AND $93,693 IN <br /> FY2016/17 FROM THE LOWER INCOME HOUSING FUND AND EXECUTION OF <br /> PROFESSIONAL SERVICES AGREEMENTS WITH HELLO HOUSING AND <br /> ECHO HOUSING FOR FIRST TIME HOMEBUYER PROGRAM ADMINISTRATION <br /> AND EDUCATION SERVICES <br /> WHEREAS, in 2014, the City of Pleasanton collaborated with the cities of <br /> Livermore and Dublin to issue a Request for Proposals to identify agencies that could <br /> support administration and compliance monitoring for their respective below market rate <br /> (BMR) home ownership and first-time homebuyer loan programs; and <br /> WHEREAS, Hello Housing was selected as the agency most qualified to provide <br /> the range of administration services needed by the cities, with ECHO Housing as the <br /> most qualified provider of homebuyer education services; and <br /> WHEREAS, the proposed 18-month Professional Services Agreements include a <br /> range of services including annual, ongoing compliance monitoring activities for the <br /> City's existing loan portfolio, variable "as-needed" services to assist with qualifying <br /> applicants for new units sold through the Pleasanton Homeownership Assistance <br /> Program, and a comprehensive homebuyer education program to prepare prospective <br /> buyers for homeownership; and <br /> WHEREAS, the City Council finds that the use of local City Lower Income <br /> Housing Funds for these types of housing services is an appropriate use under the <br /> policies and guidelines adopted for the Lower Income Housing Fund in 1994 <br /> (Resolution No. 94-80); and <br /> WHEREAS, at its meeting of December 15, 2015, the City Council reviewed the <br /> report of the Assistant City Manager regarding the approval of service agreements with <br /> Hello Housing and ECHO Housing. <br /> NOW, THEREFORE BE IT RESOLVED THAT THE CITY COUNCIL OF THE <br /> CITY OF PLEASANTON DOES RESOLVE, DECLARE, DETERMINE AND ORDER <br /> THE FOLLOWING: <br /> SECTION 1. Council authorizes the appropriation of $66,715 in FY 2015/16 and <br /> $93,693 in FY 2016/17 from the Lower Income Housing Fund to fund both agreements. <br /> SECTION 2. Council authorizes the City Manager to sign, on behalf of the City of <br /> Pleasanton, a Professional Services Agreement, attached hereto as Exhibit A, with <br /> Hello Housing, in the amount not to exceed $77,908, for the administration of the Below <br />