Subject: GRANT AGREEMENT WITH UNITED WAY SILICON
VALLEY
RECOMMENDATION
Council approval of a grant agreement with United Way
Silicon Valley in the amount of $250,000 for capacity building.
BACKGROUND
On June 11, 2002, the City Council
approved the Mayor’s June Budget Message, which included an appropriation of
$250,000 for a matching grant program.
The program would match dollar for dollar any funds contributed for
capacity building to United Way Silicon Valley (UWSV) by any city in the
County, the County itself, local corporations, or foundations within the last
six months of 2002. The Message
explained that investments in capacity building would multiply and provide more
resources for local community organizations.
On January 29, 2003, Mark Walker, President and CEO of UWSV, submitted a letter to Mayor Ron Gonzales to advise the City that $354,000 had been raised to support capacity building from a number of local companies and foundations. United Way Silicon Valley’s success in raising these funds meets the standards of the matching grant program.
In order to disburse the funds, the City must execute a grant agreement with UWSV. Because the amount of the grant agreement exceeds $100,000, Council approval is required.
Not applicable.
This item was coordinated with the City Attorney’s Office.
This action will cause the expenditure of $250,000 in the General Fund, from the City-wide appropriation cited below.
Fund: General Fund (001)
Appropriation: United Way (3148)
Amount: $250,000
Budget Document: 2002-03 Adopted Operating Budget, pg. 679
Not a Project.
Del D. Borgsdorf
City Manager