Title
Dept./ Agency: Office of the Mayor
Action: (X) Ratifying (X) Authorizing ( ) Amending
Type of Service: Rescind Resolution 7R7-a122220 and authorize a Memorandum of Understanding and accept Grant Funding.
Purpose: Rescinding Resolution 7R7-a adopted on December 22, 2020 and authorizing a Memorandum of Understanding to research and strategize a plan on how to implement a Guaranteed Income Pilot Program within the City of Newark.
Entity Name: Reinvent Stockton Foundation Income
Entity Address: 110 North San Joaquin Street, Stockton, California 95202
Grant Amount: $600,000.00
Funding Source: Reinvent Stockton Foundation and Mayors for a Guaranteed Income
Total Project Cost: $0.00
City Contribution: $0.00
Other Funding Source/Amount: $0.00
Contract Period: September 1, 2020 through December 31, 2024 or until the Program is complete, whichever comes first
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale (X) Grant ( ) Sub-recipient ( ) n/a
Additional Information:
This resolution rescinds Resolution 7R7-a adopted on December 22, 2020 and all agreements authorized by the same, and provides for a new Memorandum of Understanding with additional funds.
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WHEREAS, the Reinvent Stockton Foundation (RSF) and Mayors for Guaranteed Income (MGI), both located at 110 North San Joaquin Street, Stockton, California 95202, were established on January 19, 2017 and are premised on the principle that everyone needs and should have an income floor through having a Guaranteed Income Program; and
WHEREAS, a Guaranteed Income Program would enable recipients to provide for their most critical needs, as well as provide a cushion for unforeseeable expenses, crises and emergencies; and
WHEREAS, RSF is the fiscal sponsor of the Stockton Economi...
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