03 - Laserfiche WebLink

ATTACHMENT 1 RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON APPROVING THE ALLOCATION OF $552,772 OF THE CITY OF PLEASANTON'S SHARE OF ALAMEDA COUNTY MEASURE Al HOUSING BOND FUNDS TO TRI - VALLEY REACH AND AUTHORIZING THE CITY MANAGER TO EXECUTE RELATED DOCUMENTS WHEREAS, the Alameda County Measure Al Housing Bonds (the Bonds) are a $580 million countywide program to fund programs related to homeownership and rental housing development; and WHEREAS, from these Bonds, $13.7 million has been allocated to the City of Pleasanton for rental housing development (the Base City Allocation); and WHEREAS, while most of the City's Base City Allocation has already been expended for Kottinger Gardens Phase 2 and Sunflower Hill, the City wants to direct the remaining $552,772 of the Base City Allocation to Tri -Valley REACH for it to construct, with Hello Housing, two accessory dwelling units to provide affordable housing for persons with developmental disabilities. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES RESOLVE, DECLARE, DETERMINE AND ORDER THE FOLLOWING: SECTION 1. Authorizes the allocation of $552,772 of the Base City Allocation of Alameda County Measure Al Housing Bonds to Tri -Valley REACH for the construction, in conjunction with Hello Housing, of two accessory dwelling units, orjunior accessory dwelling units, at its existing homes, to provide affordable housing to four residents with developmental disabilities. SECTION 2. Authorizes the City Manager to execute all necessary documents for such allocation. PASSED, APPROVED AND ADOPTED by the City Council of the City of Pleasanton at a regular meeting held on June 21, 2022. I, Jocelyn Kwong, City Clerk of the City of Pleasanton, California, certify that the foregoing resolution was adopted by the City Council at a regular meeting held on June 21, 2022, by the following vote: Ayes: Noes: Absent: Abstain: Jocelyn Kwong, City Clerk APPROVED AS TO FORM: Daniel G. Sodergren, City Attorney