PURSUANT TO GOVERNMENT CODE SECTION 54953(e) AND THE RECOMMENDATION OF THE HEALTH OFFICER OF THE COUNTY OF SONOMA, CITY COUNCIL MEMBERS WILL BE PARTICIPATING CITY COUNCIL MEETINGS EITHER VIA ZOOM WEBINAR OR IN-PERSON, SOCIALLY DISTANCED, IN THE COUNCIL CHAMBER AT 100 SANTA ROSA AVENUE. Go to srcity.org/VirtualParticipation for more information on virtual meeting public participation. If you have any additional questions, please contact Stephanie Williams at cityclerk@srcity.org.

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File #: 18-0756    Version: 1 Name: Amendment to RPPT
Type: CC- Report Status: Agenda Ready
File created: 9/20/2018 In control: City Council
On agenda: 10/2/2018 Final action:
Title: 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...
Indexes: Not a Project
Attachments: 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)