Agenda Item No: K.4
AGENDA REPORT
DATE: January 21, 2025
TO: Mayor and Council
FROM: David Gassaway, City Manager
SUBJECT: Resolution 2025-03 CD Amending Budget for Intergovernmental Services Fund
Amending the Budget for the Intergovernmental Services Fund
Funding Source: $194,948; Intergovernmental Services Fund
Contact: Dave Zellers, (707) 428-7436
RECOMMENDED ACTION
Adopt resolution.
STATEMENT OF ISSUE
Amend the Intergovernmental Services Fund (IGS) budget to incorporate an additional $194,948 in revenue and corresponding expenses.
DISCUSSION
The City of Fairfield was awarded $194,948 from a class-action ruling in favor of several cities in California (City of San Diego, et al. v Invitation Homes). These funds are unanticipated reven ue; the funds were received by the City via wire transfer in October 2024. The city manager directed these funds to be placed in the IGS for use by the Community Development Department. The Community Development Department has immediate and long -term ope rational needs that these funds can be used for in the current fiscal year as well as in future fiscal years in conjunction with other ongoing City projects. The planned use of these specific funds will include improvements to the 2nd floor of City Hall, the completion of an economic development marketing video to be aired nationwide, a comprehensive building fee methodology study, an analysis of the City’s development processes and procedures, and , if any funds remain , an analysis to catalog property blight on Texas Street and/or North Texas Street.
FINANCIAL IMPACT
These are one -time funds that will be utilized for expenses of the Community Development Department.
PUBLIC CONTACT/ADVISORY BODY RECOMMENDATION
No public input has been sought. However, should the resolution be approved, there would be engagement of external stakeholders and outside experts as part of the planned studies and analysis to be funded by these dollars.
ALTERNATIVE ACTION
The Council may choose not to approve the resolution.
COORDINATED WITH
City Attorney’s Office, City Manager’s Office, Finance
STAFF CONTACT
Dave Zellers, Director of Community and Economic Development (707) (707) 428-7436
[email protected]
ATTACHMENTS
Attachment 2: Proposed Resolution