Title
Approval of a Resolution Authorizing an Interfund Loan for Emergency Response to Homelessness
Recommended Action
Committee Recommendation:
Not referred to a Committee.
City Manager Recommendation:
Move to approve the Resolution authorizing an Interfund loan up to $1,485,000 from the City Investment Pool to the General Fund to fund strategies addressing the emergency response to homelessness.
Report
Issue:
Whether to approve a Resolution authorizing an Interfund loan up to $1,485,000 from the City Investment Pool to the General Fund to fund strategies addressing the emergency response to homelessness.
Staff Contact:
Debbie Sullivan, Administrative Services Director, 360.753.8499
Presenter(s):
None - Consent Calendar Item.
Background and Analysis:
In May 2018, City Council passed Resolution M-1942 establishing immediate action items to address homelessness in Olympia. Then on July 17, 2018, Council declared a state of public health emergency related to human health and the environmental conditions caused by homelessness. These two actions resulted in strategies to respond to the immediate impacts to homelessness and a funding plan.
The strategies approved by Council exceed $1.9 million, annually for the next three years. Several sources were identified to fund the emergency response strategies including Home Fund Sales Tax, Municipal Utility Tax, Non-Voted Utility Tax, and community donations.
Staff is requesting Council authorization for an Interfund loan of $1,485,000 from the City Investment Pool to the General Fund to fund emergency homeless response strategies over the next three years (2019-2021). The loan will be repaid from one percent of the Non-Voted Utility Tax once the commitment of the Interlocal Agreement with the Olympia Metropolitan Park District. No permanent diversion of funds will occur.[NL1]
One percent of the Non-Voted Utility Tax is committed to purchasing property for parks until 2025 per an Interlocal Agreement between ...
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