Dear Director Sullivan, City Council and City Staff,
In reading a public comment regarding SVP Gravenstein Commons and its potential to bankrupt the City if they default on their financial obligations, I noticed that one of the PRA documents - EXHIBIT B: BUDGET DETAIL AND PAYMENT PROVISIONS – states that SVP must provide “Documentary evidence of capacity to provide operating funds for the Project for at least five (5) years”.
Given that Federal Funding has dramatically changed, reducing Section 8 housing vouchers and also eliminating Project Based Vouchers, which fund Homekey, does St. Vincent Du Paul have the documentation to show they can fund their project for 5 years? Does the City and County have this documentation on file? Can a citizen request documents which show this funding in SVP bank accounts?
Thank you,
Kate Haug