DATE: March 5, 2019
TO: Mayor and City Council
FROM: City Manager
SUBJECT
Title
Introduction of the Hayward Community Foundation Concept, Formation Process, and Authorization for the City Manager to Establish an Affiliate Fund with the East Bay Community Foundation to Create the Hayward Community Foundation
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RECOMMENDATION
Recommendation
That the City Council reviews, comments on, and adopts the attached resolution (Attachment II) authorizing the City Manager to establish an Affiliate Fund with the East Bay Community Foundation to create the Hayward Community Foundation and to take all other administrative actions necessary.
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SUMMARY
The concept of a Hayward Community Foundation (HCF) came as a result of the first round of the Commercial Cannabis Permit Program. Under this program, the City Council required each would-be commercial cannabis operator to describe the proposed community benefits. By creating a HCF, these entities can provide a community benefit through donations or support to the HCF. The HCF, in exchange, will handle the distribution of the community benefit contributions.
Staff recommends the creation of an Affiliate Fund with the East Bay Community Foundation to begin the process of establishing the HCF. The Council Budget and Finance Committee received a report on this item at their December 5, 2018 meeting and supported bringing this recommendation forward to the entire Council.
ATTACHMENTS
Attachment I Staff Report
Attachment II Resolution