pages: RulesAndLegislationCommittee/2021-04-01.pdf, 16
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RulesAndLegislationCommittee | 2021-04-01 | *Rules & Legislation Committee Meeting Minutes - FINAL April 1, 2021 (5) Pursuant To Section 1, Part D Of The City Of Oakland Consolidated Fiscal Policy (Ordinance No. 13487 C.M.S.) Authorizing The Use Of One-Time Revenues For The Purposes Specified In Exhibit 2 To This Resolution And/Or Such Additional Or Alternative Adjustments To The FY 2020-21 Budget As May Be Determined By The Council; (6) Allocating Gas Tax, Road Maintenance And Rehabilitation Funds (Fund 2232), Measure BB Funds (Fund 2218) And Comprehensive Cleanup Funds (Fund 1720) From Fund Balance In The Estimated Amount Of One Million Six-Hundred Sixty-Nine Thousand, Nine-Hundred Ninety-Nine Dollars ($1,669,999.00) To Meet Vital Community Needs As Set Forth In Exhibit 2; AND/OR Such Additional Or Alternative Adjustments To The FY 2020-21 Budget As May Be Determined By The Council; (7) Accepting, Appropriating And Allocating Real Estate Transfer Tax ("RETT") Revenue In The Estimated Amount Of Ten Million Five-Hundred Thousand Dollars ($10,500,000) To Help To Close The GPF Deficit For FY 2020-21 If The City Receives Such RETT Revenue From The County Of Alameda This Fiscal Year (A) To The Extent That Such RETT Revenue Forecasted In The Third Quarter Revenue & Expenditure Report Exceeds The Second Quarter (Q2) Forecast; And (B) Such RETT Revenue Amount Shall Be Allocated To Close The GPF Deficit Instead Of The ARPA Funds, Allowing Such Amount Of ARPA Funds To Be Available To Fund The Fiscal Year 2021-23 Biennial Budget; (8) Clarifying That Any New Funds That Have Not Been Previously Budgeted, Shall Be Appropriated And Allocated Through A Public Process By City Council With A Public Vote Pursuant To Charter Section 806; And (9) Directing The City Administrator To Seek And Develop Proposed Uses For Federal, State, Or Other Funding Available For The Acquisition And Development Of Non-Congregate Shelter Units To Be Converted To Permanent Affordable Housing, And To Return To The City Council To Authorize Expenditures For Such Purpose For Specific, Identified Properties 21-0243 Attachments: View Report View Resolution View Exhibit 88574 CMS The Committee Approved This Dais Request to be forwarded to the April 12, 2021 Special City Council Meeting Agenda This City Resolution be Scheduled.to go before the Special Concurrent Meeting of the Oakland Redevelopment Successor Agency/City Council to be heard 4/12/2021 City of Oakland Page 15 Printed on 8/17/2021 | 16 | RulesAndLegislationCommittee/2021-04-01.pdf |