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File #:
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18-0756
Version:
1
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Name:
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Amendment to RPPT
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Type:
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CC- Report
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Status:
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Agenda Ready
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On agenda:
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10/2/2018
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Final action:
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Title:
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REPORT - REAL PROPERTY TRANSFER TAX: DESIGNATION OF FUNDING FOR HOMELESS AND AFFORDABLE HOUSING PROGRAMS REAL PROPERTY TRANSFER TAX AND AMENDMENT OF COUNCIL POLICY NO. 000-48 - POLICY TO DESIGNATE GENERAL FUND FUNDING FOR HOMELESS AND AFFORDABLE HOUSING PRODUCTION
BACKGROUND: The City currently receives approximately $4 million each fiscal year from the Real Property Transfer Tax (RPTT). This money is placed into the City’s General Fund to fund general city services. Currently, under Council Policy No. 000-48, twenty-five percent (25%) of the RPTT funds are designated to be used by the Housing and Community Services Department for homeless and affordable housing programs. This item provides the Council with the opportunity to consider adjusting the amount of the designation for homeless and affordable housing programs.
RECOMMENDATION: This item provides the City Council with an opportunity to consider an amendment to City Council Policy No. 000-48 (Policy to Designate General Fund...
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Attachments:
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1. Staff Report, 2. Attachment 1, 3. Attachment 2, 4. Attachment 3, 5. Resolution, 6. Resolution_Revised (Redlined), 7. Resolution_Revised, 8. Exhibit A, 9. Exhibit A_Revised (Redlined), 10. Exhibit A_Revised, 11. Presentation, 12. Presentation (Revised 10/02/2018)
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