RES 15814 - Laserfiche WebLink

RESOLUTION NO. 15-814 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON AUTHORIZING APPROPRIATION OF $66,715 IN FY2015/16 AND $93,693 IN FY2016/17 FROM THE LOWER INCOME HOUSING FUND AND EXECUTION OF PROFESSIONAL SERVICES AGREEMENTS WITH HELLO HOUSING AND ECHO HOUSING FOR FIRST TIME HOMEBUYER PROGRAM ADMINISTRATION AND EDUCATION SERVICES WHEREAS, in 2014, the City of Pleasanton collaborated with the cities of Livermore and Dublin to issue a Request for Proposals to identify agencies that could support administration and compliance monitoring for their respective below market rate (BMR) home ownership and first-time homebuyer loan programs; and WHEREAS, Hello Housing was selected as the agency most qualified to provide the range of administration services needed by the cities, with ECHO Housing as the most qualified provider of homebuyer education services; and WHEREAS, the proposed 18-month Professional Services Agreements include a range of services including annual, ongoing compliance monitoring activities for the City's existing loan portfolio, variable "as-needed" services to assist with qualifying applicants for new units sold through the Pleasanton Homeownership Assistance Program, and a comprehensive homebuyer education program to prepare prospective buyers for homeownership; and WHEREAS, the City Council finds that the use of local City Lower Income Housing Funds for these types of housing services is an appropriate use under the policies and guidelines adopted for the Lower Income Housing Fund in 1994 (Resolution No. 94-80); and WHEREAS, at its meeting of December 15, 2015, the City Council reviewed the report of the Assistant City Manager regarding the approval of service agreements with Hello Housing and ECHO Housing. NOW, THEREFORE BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES RESOLVE, DECLARE, DETERMINE AND ORDER THE FOLLOWING: SECTION 1. Council authorizes the appropriation of $66,715 in FY 2015/16 and $93,693 in FY 2016/17 from the Lower Income Housing Fund to fund both agreements. SECTION 2. Council authorizes the City Manager to sign, on behalf of the City of Pleasanton, a Professional Services Agreement, attached hereto as Exhibit A, with Hello Housing, in the amount not to exceed $77,908, for the administration of the Below Market Rate Program and First-Time Homebuyer Services for the period from January 1, 2016, through June 30, 2017. SECTION 3. Council authorizes the City Manager to sign, on behalf of the City of Pleasanton, a Professional Services Agreement, attached hereto as Exhibit B, with ECHO Housing, in the amount not to exceed $82,500, for the provision of homebuyer education services for the period from January 1, 2016, through June 30, 2017.