Attachment 1
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CITY OF MOUNTAIN VIEW
RESOLUTION NO.
SERIES 2022
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MOUNTAIN VIEW
APPROVING HOUSING ASSISTANCE FOR THE CITY CLERK
WHEREAS, as a Council Appointee, the City Clerk is eligible to request a loan in accordance with Council Policy D -13, Mountain View Employee Homebuyer and Relocation Assistance Program; and
WHEREAS, Council Policy D-13 contemplates three different levels of home loans; and
WHEREAS, the City Clerk requests a loan for her primary residence pursuant to Council Policy D-13;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Mountain View that the City Council hereby approves a loan from the Earned Lease Revenue Reserve for the City Clerk’s purchase of a primary residence in accordance with Council Policy D -13, Mountain View Employee Homebuyer and Relocation Assistance Program, as follows:
For a loan for a home within a five -mile radius of Mountain View, and the City’s loan is approved to be subordinate to a first loan through a financial institution acceptable to the City, to a maximum loan amount of $500,000; or, in the alternative,
For a loan for a home within a 10-mile radius of Mounta in View, and the City’s loan is approved to be subordinate to a first loan through a financial institution acceptable to the City, to a maximum loan amount of $250,000.
BE IT FURTHER RESOLVED by the City Council of the City of Mountain View that all other requirements of the loan will be in accordance with Council Policy D -13, Mountain View Employee Homebuyer and Relocation Assistance Program, in Exhibit A , attached to this resolution.
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SCR/4/RESO
032-03-22-22r
Exhibit: A. City Council Policy D-13—Mountain View Employee Homebuyer and Relocation Assistance Program
CITYCOUNCILPOLICY
SUBJECT: MOUNTAINVIEWEMPLOYEEHOMEBUYERAND NO.: D-13
RELOCATIONASSISTANCEPROGRAM
PURPOSE:
To establishthe Citys policy for a homebuyerprogram for City employeesand relocationassistancefor Councilappointees, departmentheads, assistantdirectors, and divisionmanagersor apositiondesignatedbytheCity Manager, or designee, ashard- to-fill positions.
POLICY:
1. Eligibilityfor EmployeeHomebuyerProgram
a. RegularCity employeeswhohavepassedtheinitial probationaryperiodare eligiblefor theEmployeeHomebuyerProgram.
b. Department headsand Council appointees who are not subject to a probationaryperiodareeligiblefor thisprogramatthetimeof hire.
2. HomebuyerProgram
TheEmployee HomebuyerProgramshallconsistof thefollowingelements:
a. LoanAmount:
All Employees:
Loanof up to $250, 000to assistwith purchasinga homein, or within a 10- mileradiusof, MountainView.
FirstResponders:
Firstrespondersareeligiblefor eithertheAll Employeeloanabove, or aloan of up to $500,000to assistwith purchasinga homein, or within a five-mile radiusof, MountainView.
First responders include Police and Fire emergency responders Firefighter/Paramedic, FireEngineer, FireCaptain, BattalionChief, Deputy Page1 of 5
Exhibit A
CITYCOUNCILPOLICY
SUBJECT: MOUNTAINVIEWEMPLOYEEHOMEBUYERAND NO.: D-13
RELOCATIONASSISTANCEPROGRAM
FireChief, PoliceOfficer, PoliceSergeant, PoliceLieutenant, PoliceCaptain, Public Safety DispatcherI, II, III, Lead Public Safety Dispatcher, and CommunicationsSupervisor) andPublicWorks/PublicServicesemployees designatedto respondto callsfor service - hours
DutyProgramsetforth in theMemorandumof Understandingbetweenthe ServiceEmployeesInternationalUnion (SEIU) andtheCity of Mountain View. Newor reclassifiedpositionsmaybedesignedbytheCity Manageras first responders.
ForAll EmployeeandFirstResponderloans, themaximumloanamountwill beadjustedannually, beginningin December2019, basedon the annual change (Decemberto December) in theConsumerPriceIndexfor All Urban Consumers (CPI-U) in theSanFrancisco-Oakland-Haywardurbanarea.
DepartmentHeadsandCouncilAppointees:
Loanof up to themedianhomepricein MountainView or 75 percentof the salesprice, whicheverislower, to assistwith purchasingahomein Mountain View; or aloanofupto 25percentof thesalesprice, to amaximumof median homeprice in Mountain View, for a home within a five-mile radius of MountainView.
For Department Head and Council Appointee loans, if the participant requires a second loan on the property, any additional loan will be equityin thepropertyequalto at least10percentof thetotal purchaseprice n the property
maybereducedto 5 percentfor unusualcircumstances.
b. Sourceof LoanFunds:
ForallEligibleParticipants:
The fundingsourcefor the loan programs will be determinedbasedon availabilityof fundingandapprovedbyCity Council.
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CITYCOUNCILPOLICY
SUBJECT: MOUNTAINVIEWEMPLOYEEHOMEBUYERAND NO.: D-13
RELOCATIONASSISTANCEPROGRAM
c. LoanTermsandRepayment:
Loantermisnotto exceed30years.
Fixedinterestratewill bedeterminedbasedon theApplicableFederal Rate (AFR) atthetimetheloanisissued, for allloans.
Theeligibleparticipantmayrequestto makeinterest-only paymentsfor upto threeyearsatthestartof theloan.
Forinterest-onlypaymentoption, whenprincipalpaymentscommence, theprincipalwill beamortizedovertheremaininglife of theloan.
TheCitywill berepaidin full uponthesaleor transferof theproperty.
Thepurchasedpropertymustbetheprimaryresidenceof theemployee and may be a single- family home, townhouse, rowhouse, or condominium.
Thehomecannotberented.
d. LoanRepaymentUponSeparatingfromtheCity:
Upon separationfrom theCity, thefull loanmustbepaid
within 12 months. If theloanis repaidwithin six months, theinterest ratewill not change. For repaymentaftersixmonths, theinterestrate will increaseby1percent.
Additionaltimefor repaymentmaybeallowedin hardshipsituations, as approvedbytheCityManageror designee.
RelocationAssistance
Thefollowingpositionsmayrequestrelocationassistance: department heads, Councilappointees, assistantdirectors, anddivisionmanagersor Page3 of 5
CITYCOUNCILPOLICY
SUBJECT: MOUNTAINVIEWEMPLOYEEHOMEBUYERAND NO.: D-13
RELOCATIONASSISTANCEPROGRAM
apositiondesignatedbytheCity Manager, or designee, asahard-to-fill position.
RelocationAssistancemayberequestedfor amoveoccurringwithin one yearof dateof appointment.
Fora movemorethan10 milesbut lessthan25 miles, up to $4,500in reimbursement will be provided upon receipt and approval of documentationof reasonableandnecessarymovingexpenses.
Fora movegreaterthan25 miles, upto $6,500reimbursementwill be provideduponreceiptandapprovalof documentationof reasonable and necessarymovingexpenses. In addition, reimbursement for temporaryhousing, withinfive milesof MountainView, at a rateof up to $100perdayfor nomorethan60days, uponreceiptandapprovalof documentationof suchtemporaryhousing.
Reimbursementswill beadministeredin accordancewith proceduresset forth by theFinanceandAdministrativeServicesDepartmentandIRS regulations. Reimbursementsmaybeataxablebenefitandsubjectto tax withholdings.
The maximum reimbursementamount will be adjusted annually, beginningin December2019, basedon theannualchange (Decemberto December) in theConsumerPriceIndexfor All UrbanConsumers (CPI- U) in theSanFrancisco-Oakland-Haywardurbanarea
PROCEDURE:
Theguidelinesfor thisprogramshallbedevelopedby staffandapprovedby theCity Manager.
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CITYCOUNCILPOLICY
SUBJECT: MOUNTAINVIEWEMPLOYEEHOMEBUYERAND NO.: D-13
RELOCATIONASSISTANCEPROGRAM
The City Council will authorizehousingand/or relocationassistancefor Council appointeesunder this policy. The City Manager will authorize housing and/or relocationassistancefor allotheremployeesunderthispolicy.
Revised: May14, 2019, ResolutionNo. 18324
Revised: January19, 2010
Revised: June9, 2009
EffectiveDate: December2, 2008, ResolutionNo. 17348
CNLPOL
D13-CP
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