City of Pleasanton
7/10/2019 2:08:58 PM
7/10/2019 2:06:32 PM
CITY CLERK - TYPE
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THE CITY OF • CITY COUNCIL AGENDA REPORT <br /> pLEASANTON. <br /> July 16, 2019 <br /> City Manager <br /> TITLE: APPROVE PROFESSIONAL SERVICES AGREEMENTS WITH HELLO <br /> HOUSING AND ECHO HOUSING FOR FIRST TIME HOMEBUYER PROGRAM <br /> ADMINISTRATION SERVICES FOR JULY 2019 THROUGH JUNE 2020 <br /> SUMMARY <br /> Hello Housing and ECHO Housing have been providing homebuyer education services <br /> for the City of Pleasanton since January 2016. Both agencies were selected through a <br /> joint Request for Proposals (RFP) process with the City of Livermore to identify entities <br /> that could support administration and compliance monitoring for Pleasanton's and <br /> Livermore's respective below market rate (BMR) homeownership and first time <br /> homebuyer loan programs. Both agencies have effectively managed the programs <br /> since January 2016, and staff is recommending that the City enter into new professional <br /> services agreements with each agency to continue providing these essential homebuyer <br /> program administration services. <br /> RECOMMENDATION <br /> 1 . Approve and authorize the City Manager to execute the Professional Services <br /> Agreement with Hello Housing to provide first-time homebuyer program <br /> administration services for an amount not to exceed $54,648 for the period July <br /> 1 , 2019 through June 30, 2020; <br /> 2. Approve and authorize the City Manager to execute the Professional Services <br /> Agreement with ECHO Housing to provide first-time homebuyer program <br /> administration services for an amount not to exceed $25,000 for the period July <br /> 1 , 2019 through June 30, 2020; <br /> 3. Approve an appropriation of $79,648 from the Lower Income Housing Fund. <br /> FINANCIAL STATEMENT <br /> Approval of the two (2) professional services agreements will result in a total <br /> expenditure of $79,648 from the City's Lower Income Housing Fund in fiscal year <br /> 2019/20. <br /> The fiscal year 2019/20 professional services agreement with Hello Housing includes <br /> $54,648 in service delivery expenses proposed to be paid from the City's Lower Income <br /> Housing Fund. Hello Housing expended $26,266 of its $48,213 contract covering the <br /> prior July 1 , 2018 through June 30, 2019 period, leaving a balance of $21,947 in <br /> unexpended funds. These funds are proposed to be carried over to the proposed fiscal <br /> year 2019/20 contract, resulting in a needed additional appropriation of $32,701 from <br /> the Lower Income Housing Fund. <br />
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