TITLE
Recommendation to adopt resolution authorizing City Manager, or designee, to submit a grant application to the California Natural Resources Agency, through the California Climate Investment Urban Greening Program, for the completion of the 14th Street Park project; accept such grant funding, in an amount up to $3,125,000; and, execute all documents necessary to accept the funds and implement the project. (District 1)
DISCUSSION
In 2006, Assembly Bill (AB) 32 was signed into law. Known as the California Global Warming Solutions Act of 2006, it requires a sharp reduction of greenhouse gas (GHG) emissions to 1990 levels by 2020. Senate Bill (SB) 859 was signed into law September 14, 2016, authorizing the expenditure of $1.2 billion in Cap and Trade Revenues, known as the Greenhouse Gas Reduction Fund (GGRF), for projects that aim to reduce GHG emissions. The California Natural Resources Agency was allocated $80 million for its Urban Greening Program, specifically for green infrastructure projects that reduce GHG emissions and provide multiple additional benefits.
In addition to reducing GHG emissions, the requirements for allocating funds to benefit disadvantaged communities are presented below:
· Maximize economic, environmental, and public health benefits to the State;
· Complement efforts to improve air quality;
· Direct investment toward the most disadvantaged communities and households in the State;
· Provide opportunities for businesses, public agencies, nonprofits, and other community institutions to participate in and benefit from statewide efforts to reduce greenhouse gas emissions;
· Lessen the impacts and effects of climate change on the State’s communities, economy, and environment;
· Allocate at least 25 percent of the available proceeds to projects that provide benefits to disadvantaged communities; and,
· Allocate at least 10 percent of the available proceeds to projects located within disadvantaged communities.
In March 201...
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