Special Notice / Hearing: None__
Vote Required: Majority
To: Honorable Board of Supervisors
From: Michael P. Callagy, County Manager
Subject: Use of District-Discretionary Measure K Funds - Supervisorial District 3
RECOMMENDATION:
title
Measure K: Adopt a resolution authorizing a one-time grant of district-discretionary Measure K funds, not to exceed $100,000, to Philanthropic Venture Foundation, acting as the fiscal agent for Rancho San Benito, for the twenty month start-up phase of the Rancho San Benito farming project, providing an exception to the criteria for district-discretionary Measure K funds to allow for advance payment, and authorizing the County Manager, or designee, to execute the grant agreement.
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BACKGROUND:
Measure K is the half-cent general sales tax initially approved by San Mateo County voters in November 2012 and extended in November 2016 for a total of thirty years.
On March 9, 2021, and March 23, 2021, the Board of Supervisors (Board) held study sessions on Measure K expenditures and anticipated revenue for fiscal years (FY) 2021-23. The Board appointed Measure K sub-committee, consisting of Supervisor Pine and Supervisor Canepa, convened the study sessions to, among other things, work with staff to facilitate the Board's development of Measure K priorities and continuing initiatives for FYs 2021-23. The Board approved $5 million in one-time loans or grants for the FY 2021-23 budget cycle, divided equally among the five supervisorial districts, for district-discretionary needs and projects. District 3 has submitted a request to use their district-discretionary Measure K funds as shown below and described in the Project Summary section of this memorandum:
District/ Project
Amount
District 3 (Supervisor Don Horsley) - Philanthropic Venture Foundation, acting as the fiscal agent for Rancho San Benito: to support the twenty-month start-up phase of Rancho San Benito Farming Project, Inc.
$100,000
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