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RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON AUTHORIZING APPROPRIATION OF $101,441 IN FY2017/18 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, and ECHO Housing was selected as the agency most qualified to provide homebuyer education services; and WHEREAS, the City of Pleasanton entered a professional services agreement with Hello Housing in the amount of$77,908 in January 2016 for the 18-month period of January 2016 through June 2017 to provide, administration services for the City of Pleasanton's Homeownership Assistance Program (PHAP); and WHEREAS, the City of Pleasanton entered a professional services agreement with ECHO Housing in the amount of$82,500 in January 2016 for the 18-month period of January 2016 through June 2017 to provide homebuyer education services for first-time homebuyers purchasing homes through the PHAP; and WHEREAS, Hello Housing's 2016-2017 professional services agreement has an unspent balance of$35,493 that is proposed to be carried over to the FY2017/18 professional services agreement, thereby reducing the amount of funding appropriation required in FY2017/18 from the Lower Income Housing Fund; and WHEREAS, the City of Pleasanton wishes to enter professional services agreements with both Hello Housing and ECHO Housing for the 2017/18 fiscal year so that these essential services may continue to be provided for current and incoming new homeowner residents of the City of Pleasanton; 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 June 20, 2017, the City Council reviewed the report of the Assistant City Manager regarding the approval of professional services 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: