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WHEREAS, transient occupancy taxes must be collected and paid for such Short - <br />Term Rental uses and Section 32.75.5 of the Redwood City Code states that taxes and <br />penalties collected and received pursuant to the Uniform Transient Occupancy Tax <br />Ordinance may be appropriated to any lawful purpose by the Council; and <br />WHEREAS, on January 8, 2018, the City Council committed taxes collected <br />pursuant to Short- Term Rental uses to the Affordable Housing Fund to be appropriated for <br />purposes consistent with the purposes and allowed uses of Affordable Housing Fund <br />monies; and <br />WHEREAS, the City has available in the Affordable Housing Fund, $150,000 from <br />taxes collected pursuant to Short- Term Rental uses; and <br />WHEREAS, this City Council desires to reallocate those funds to provide <br />emergency rental assistance support to Redwood City households who have no other <br />means to replace lost income due to COVID-19. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF REDWOOD CITY AS FOLLOWS: <br />Section 1. The foregoing recitals are true and correct, are hereby incorporated <br />herein by this reference as if fully set forth in their entirety, and constitute findings in this <br />matter. <br />Section 2. The City Council hereby allocates from the Affordable Housing Fund, <br />$150,000 in taxes collected pursuant to Short- Term Rental uses to establish a COVID-19 <br />emergency rental assistance fund. <br />Section 3. This resolution shall take effect immediately upon its adoption. <br />ATTY/RESO.0020/CC RESO ALLOCATING $150K IN TOT FOR COVID-19 RENT ASSISTANCE RESO. NO. 15830 <br />REV: 03-19-2020 VR MUFF NO. 205 <br />Page 2 of 2 <br />