AGENDA
City of Monte Sereno
Tuesday, June 25, 2024
Special Meeting
of the
City Council
2:00 PM
Monte Sereno City Council Chambers -
18041 Saratoga-Los Gatos Road,
Monte Sereno, CA 9503
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Page
CALL TO ORDER
The Mayor, or a majority of the Council by vote, may change the order of business,
except for public hearings on the agenda for a set time.
ROLL CALL
NEW BUSINESS
1. Authorize Mayor Wolsheimer to Sign the Coalition Letter Related to the Bay Area Housing Bond on behalf of the City
Staff recommends the Council Authorize Mayor Wolsheimer to sign the coalition letter related to the Bay Area Housing Bond on behalf of the City.
Staff Report - SR-24-125 - Pdf
3 - 5
ADJOURN
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STAFF REPORT
Meeting: Special Meeting of the City Council - Jun 25 2024 Agenda Heading: NEW BUSINESS
Staff Contact: Gloisy Gonzalez-Langarica, City Clerk
Department: City Clerk
Title: Authorize Mayor Wolsheimer to Sign the Coalition Letter Related to the Bay Area Housing Bond on behalf of the City
Recommendation(s):
Staff recommends the Council Authorize Mayor Wolsheimer to sign the coalition letter related to the Bay Area Housing Bond on behalf of the City.
Background Information:
The Bay Area Housing Finance Authority (BAHFA) is a regional housing finance agency working to create a Bay Area where there is enough safe and affordable housing for all residents. BAHFA works to transform the way affordable housing is financed in the region and encourages collaboration across all cities and counties to solve the Bay Area’s affordable housing challenges together.
All Cities of Santa Clara County are collaborating in a letter requesting Santa Clara County Board of Supervisors expedite a local expenditure plan to describe how the Bay Area Housing Finance Authority (BAHFA) Regional Housing Bond funds on the November 2024 ballot will be used. A copy of the letter is included with the staff report.
Fiscal Impact:
There are no unbudgeted fiscal impacts with this agenda item.
Public Noticing:
The City Council’s agenda was posted at City Hall and the agenda and this report appear on the City’s website.
Attachments:
Coalition Letter
June 19, 2024
Santa Clara County Board of Supervisors
70 West Hedding Street
East Wing, 10th Floor
San Jose, CA 95110
RE: Bay Area Housing Finance Authority (BAHFA) Regional Affordable Housing Bond – Request for Local Expenditure Plan
Dear Board of Supervisors:
As the Mayors of the 15 Cities of Santa Clara County, we respectfully request that you expedite a local expenditure plan to describe how the Bay Area Housing Finance Authority (BAHFA) Regional Housing Bond funds on the November 2024 ballot will be used. We understand that conversations have begun between BAHFA, the County of Santa Clara, and local cities and we urge that these continue consistent with the proposed steps below.
The bond measure, which aims to address critical housing needs in the area, represents a significant investment in affordable housing for our region. To ensure its success and maximize community support, it is crucial that the County establish a clear and transparent process for the allocation and management of the funds. This process should reflect the diverse needs and priorities of all the cities within our county.
Although the County’s local expenditure plan does not need to be approved at a publicly noticed meeting until 2025, we request that the County engage with cities in the development of the plan.
We propose the following steps to achieve this goal:
1. Formation of a Joint Committee
Work with the Santa Clara Cities Association to establish a joint committee composed of representatives from the County Board of Supervisors and city representatives. This committee would be responsible for developing a framework for the equitable distribution of the bond funds, ensuring that all cities have a voice in the decision-making process.
2. Transparent Criteria
Develop transparent criteria for fund disbursement that prioritizes projects based on factors such as population, community impact, alignment with county-wide goals, regional housing needs, and helping cities meet their Housing Element requirements. Criteria should be clear about impact to property owners. This will help ensure that the funds are used effectively and equitably.
3. Oversight and Accountability
Santa Clara County Board of Supervisors
June 19, 2024
Implement robust oversight mechanisms, including regular progress reports and audits, to monitor the use of the bond funds. This will promote accountability, transparency and build public trust in the management of the bond measure.
Housing is still a need in the County despite voter approval of the 2016 Measure A Housing Bond. By partnering with the cities within our county, we can leverage local expertise and ensure that the bond measure addresses the unique needs of each community. This collaborative approach will not only enhance the effectiveness of the bond measure but also support a strong relationship between county and city governments.
We appreciate your consideration of this proposal and look forward to the opportunity to work together for the betterment of our region.
Thank you for your time and attention.
Sincerely,