RECOMMENDATION(S):
ALLOCATE $10,000 from the Livable Communities Trust (District II portion) to the Health Services Department and AUTHORIZE the Health Services Director to execute, on behalf of the County, a contract in an amount not to exceed $10,000 with Contra Costa Regional Health Foundation, a non-profit corporation, for the Contra Costa Housing Security Fund program for the period February 27, 2018 through February 26, 2019, as recommended by Supervisor Andersen.
FISCAL IMPACT:
No General Fund Impact. Funds in the amount of $10,000 are from the District II allocation of deposits into the Livable Communities Trust. On December 3, 2013, the Board of Supervisors determined that revenue from the Fund should be spent equally among supervisorial districts. At build-out of the development projects contributing revenue to the Fund, deposits will total $8,448,000. As of January 2, 2018, the fund balance was $7,710,185. The account has earned approximately $425,000 in interest to date. There have been $443,347 in expenditures. The approved expenditures to date are shown in Attachment A.
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