Resolution No. 2021-6-5(R): To ratify the terms and conditions of a contract with the U.S. Department of Treasury in an amount not to exceed $6,877,951.60 in Emergency Rental Assistance Program 2 funds; designating the City Manager as Chief Executive Officer and authorized representative of the City for the purpose of executing the contract consistent with this resolution, acting in connection with said contract, and providing required information; providing an effective date; and authorizing the City Manager to execute all necessary documents. Adopted

City of Plano will receive $6,877,951.60 in Emergency Rental Assistance Program 2 (ERAP) funds from the U.S. Department of Treasury. These funds will be used to provide rental and utility assistance for households who have been affected by COVID-19 and have a household income at or below 80% of the area median income. All funds must be expended by September 30, 2025.

This item ratifies the terms and conditions of a contract with the U.S. Department of Treasury for Emergency Rental Assistance Program 2 funding. The total amount to be received is not to exceed $6,877,952. The City of Plano, Texas will have until September 2025 to expense the funds. 

Approval of this agenda item supports the City's Strategic Plan Critical Success Factor of Excellent, Innovative, and Accountable City Government.