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Page 13 of 15 <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.org <br />Hispanic and African American residents. The ADS promotes equity by addressing the needs of residents <br />most vulnerable to the risk of displacement. <br />FISCAL IMPACT <br />As shown in Table 3 below, the City has committed $609,294 to the ADS and has a remaining unspent <br />balance of approximately $210,000. These funds have been used to pay for outside legal services, <br />community outreach consultants, Project Sentinel’s Tenant and Landlord Counseling Services Project, and <br />implementation of the Affordable Housing Preservation Program. Staff estimate the initial TPO <br />implementation costs at approximately $159,000. These costs include the creation of outreach and <br />educational materials, three city-wide mailers, and outside legal services. In addition, staff estimate <br />annual ongoing General Fund expenditures of $40,000 - $90,000 for the costs of the software solution. <br />Staff time costs for implementation and enforcement of the ordinance have already been factored into <br />the budget. Landlords will be charged a relocation assistance administrative fee, as outlined in the City’s <br />master fee schedule. In the event the services of an on- call relocation consultant is necessary, landlords <br />would also be charged the actual costs of the on-call consultant. <br />Table 3 <br />Anti-Displacement Strategy Budget <br />Funding Source Allocation <br />Expenditures <br />already <br />incurred/ <br />Encumbered <br />/to be <br />requested <br />Current <br />Balance <br />Year 1 <br />TPO <br />Implementation <br />Remaining <br />Balance <br />General Fund $236,294 ($168,484)*$67,810 ($16,142)$51,668 <br />People’s <br />Budget $250,000 ($107,142)$142,858 ($142,858)$0 <br />One-Time <br />Budget Surplus <br />Funds <br />$100,000 ($100,000)$0 $0 $0 <br />Preservation <br />Lab Grant $20,000 ($20,000)$0 0 $0 <br />Total Funds $606,294 ($395,626)$210,668 ($159,000)$51,668 <br />*$168,294 of the expenditures represented are not expenditures incurred but rather note that the City <br />reduced the Housing Division operating budget in FY 2025-26 due to the postponed implementation of the <br />mobile home preservation recommendations to FY 2028-29. Staff will be increasing the General Fund <br />budget request when this work resumes. <br />9.A. - Page 13 of 84 <br />118