Title
Helping Hands Outreach H2O Revenue Agreement
Action
Action:
A. Approve an agreement with Helping Hands Outreach H2O foundation for a term of three years,
B. Authorize payment to Helping Hands Outreach H2O in an amount equivalent to the communications rental revenue on Charlotte Water towers for the duration of the agreement, and
C. Authorize the City Manager to renew and amend the agreement consistent with the purpose for which the agreement was approved.
Body
Staff Resource(s):
Angela Charles, Charlotte Water
Thomas Powers III, City Attorney's Office
Explanation
* Charlotte Water leases its water tanks to third-parties and collects revenues from these leases. Total annual revenue received by Charlotte Water for the lease of its water tanks is approximately $300,000. These funds are restricted to uses that benefit the Charlotte Water Enterprise Fund.
* Charlotte Water seeks authorization to program these water tank revenues in future operating budgets to the Helping Hands Outreach H2O foundation. This appropriation is authorized under NC General Statute ?160D-1311(a)(2).
* NC General Statute ?160D-1311 states a local government is authorized to engage in, to accept federal and state grants and loans for, and to appropriate and expend funds for community development programs and activities. In undertaking community development programs and activities, in addition to other authority granted by law, a local government may engage in the following activities: programs concerned with employment, economic development, crime prevention, childcare, health, drug abuse, education, and welfare needs of persons of low and moderate income.
* Estimated aggregate appropriation over the possible three-year term is $900,000.
Background
* During the COVID-19 pandemic, it became apparent there was a pressing need for water bill assistance in our community.
* The Helping Hands Outreach H2O foundation was created in September 2023 and registered with the North Carol...
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