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Council adopts resolution 2177 to allow transfers from housing assistance trust fund
Summary
The council unanimously adopted Resolution 2177, amending language to permit future transfers from the housing development cost assistance trust fund back to the general fund; adoption grants authority but does not effect an immediate transfer.
Councilors voted unanimously to adopt Resolution 2177, an amendment to the city's housing development cost assistance program that authorizes the city council to move remaining funds from the trust fund back to the general fund by subsequent council action.
City Manager explained the program originally seeded with $150,000 from the general fund and $50,000 from the building department and said the current balance is roughly $220,000 including interest. "This resolution gives you the city council authority to do just that," the city manager said, clarifying that the adoption does not itself transfer funds; any transfer would require a separate council action.
A councilor asked whether the resolution limits the amount that may be moved; staff read the amended language noting that funds remaining at fiscal‑year end will carry over "unless moved out of the trust fund pursuant to city council action." Councilors said they viewed the change as a stopgap to provide flexibility while longer‑term budget solutions are developed. The motion passed with all council members voting yes.
The council did not specify any immediate transfers; staff and council said the resolution is intended to allow options during the budget process and any transfer would be brought forward for separate approval.
