Item 13: Rent Assistance Program

[COSM_Admin]

Consider approval of Resolution 2024-240R, approving a funding agreement with Blanco River Regional Recovery Team (BR3T) allowing for American Rescue Plan Act (ARPA) funds to administer a rent assistance program for residents of the City of San Marcos negatively affected by COVID-19 in the amount of $115,000.00 over a two-year term with an option to extend; authorizing the City Manager, or her designee, to negotiate the final terms of the agreement and execute the appropriate documents to implement the agreement on behalf of the city; and declaring an effective date.

 

[JHughson]

Regarding: "III. CITY OBLIGATION By City Council Meeting held on November 19, 2024, $115,000 from CSLFR funds will be provided to the Recipient for the purpose of administering a rent assistance to residents of San Marcos."
Shouldn't this be Dec 3?

In IV I find this: "No later than December 31, 2026, Recipient will provide to the City a comprehensive accounting of expenditures made with CSLFR funds"
I know it's highly likely that the funds will not be fully distributed by Dec 31 2026, but I don't find in the agreement that the funds MUST be spent by Dec 31, 2026.

 

[COSM_Admin]

Response provided by City Manager's Office:
Mayor, we will update the date in the funding agreement to reflect the December 3 meeting and include a provision that funding must be spent by December 31, 2026. Revisions were made in sections III. and IV.
Per BR3T, the funds will likely be expended within the first six (6) months of program implementation.