REPORT TO COUNCIL
SUBJECT
Title
Authorize the City Manager to Execute a Grant Agreement with Second Harvest of Silicon Valley from Council Set Aside Funds and Approve Budget Modification No.11 in the Amount of $47,569.86
Report
BACKGROUND
In 1992, the City provided a loan of $25,000 in Community Development Block Grant (CDBG) funds to Second Harvest of Silicon Valley to construct a food distribution center at 750 Curtner Avenue in San Jose. Since construction thirty years ago, the food distribution center has continued to operate, serving residents in Santa Clara County (Sunnyvale Community Services is a major partner), and the larger Bay Area. The loan terms outlined in the Deed of Trust, executed in 1992, include a thirty-year term, 3% simple interest, and provide that no payments are due until the loan maturity. Upon loan maturity on July 20, 2022, principal and interest on the loan would be immediately due and payable for a total of $47,569.86.
EXISTING POLICY
2020-2025 Consolidated Plan, Strategic Plan-25, Priority Needs
Goal 3: Other Community Development Efforts
Description: support the provision of essential human services, particularly for special needs populations and maintain/expand community facilities and infrastructure.
Council Policy 5.1.3 Human Services
The City established the Human Services Policy to ensure that Human Services are identified and provided in the most efficient and effective manner. The Policy establishes guidelines for funding programs/services that may be provided on behalf of the City by outside groups.
Pursuant to Sunnyvale Charter Section 1305, at any meeting after the adoption of the budget, the City Council may amend or supplement the budget by motion adopted by affirmative votes of at least four members to authorize the transfer of unused balances appropriated for one purpose to another, or to appropriate available revenue not included in the budget.
ENVIRONMENTAL REVIEW
The action being considered does not const...
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