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7.A. - Page 3 <br />The Board of Directors of the California Foundation for Stronger Communities, a <br />California non-profit public benefit corporation (the "Foundation"), acts as the Board of <br />Directors for the CMFA. Through its conduit issuance activities, the CMFA shares a <br />portion of the issuance fees it receives with its member communities and donates a <br />portion of these issuance fees to the Foundation for the support of local charities. With <br />respect to Redwood City, it is expected that that a portion of the issuance fee <br />attributable to the City will be granted by the CMFA to the City's General Fund. Such <br />grant may be used for any lawful purpose of the City. <br />ENVIRONMENTAL REVIEW <br />This activity is not a project under CEQA as defined in CEQA guidelines, section 15378, <br />because it has no potential for resulting in either a direct foreseeable physical change in <br />the environment. <br />RHONDA L. COFFMAN <br />HOUSING He GRANTS MANAGER <br />AARON AKNIN <br />ASSISTANT CITY MANAGER AND COMMUNITY DEVELOPMENT DIRECTOR <br />t IA k., <br />MELISSA STEVENSON DIAZ <br />CITY MANAGER <br />ATTACHMENTS: <br />1. Resolution <br />2. Joint Powers Agreement <br />