Advancement of Funds for the Initiation of the Pasadena Rental Housing BoardMay 8, 2023City Council Item 18 Background
2 •Charter Section 1811(l)(2) requires the City to advance the necessary funds to ensure effective implementation of Charter Article XVIII.•The Board is required to establish fees and collect funds sufficient to operate the Board.•The impartial analysis of the ballot measure provided an estimate of $310,000 for startup costs and $5.45m in annual costs.
Funding
3 •Based on some conversations, including the City of Mountain View, their start up costs were approximately $300,000. •Due to the fact that Mountain View’s startup was a few years ago and Pasadena is a larger city, it is reasonable to believe startup costs may be higher.
Recommendation•Find that the proposed action is not a project subject to the California Environmental Quality Act (CEQA) pursuant to Section 21065 of CEQA and Sections 15060(c)(2), 15060(c)(3), and 15378 of the State CEQA Guidelines and, as such, no environmental document pursuant to CEQA is required; and•Approve the advancement of funds from the General Fund, up to an initial amount of $500,000 for start-up costs related to the initiation of the Pasadena Rental Housing Board.4