Title
Resolution to Approve the Marijuana Excise Tax Rebate Funds and National Opioid Settlement Funds Grant Agreements Between the City of Ann Arbor, the Ann Arbor Housing Commission, and The Ann Arbor Housing Development Corporation
Memorandum
Attached for consideration is a resolution authorizing execution of the Marijuana Excise Tax Rebate and National Opioid Settlement Funds Grant Agreements between the City of Ann Arbor, the Ann Arbor Housing Commission (AAHC), and the Ann Arbor Housing Development Corporation (AAHDC), a Michigan non-profit corporation, whose sole member is the AAHC.
The City of Ann Arbor FY27 approved budget included allocations of the State of Michigan's Marijuana Excise Tax Rebate funds in the amount of $375,000.00 and National Opioid Litigation Settlement Funds in the amount of $400,000.00. The proposed Grant Agreements seeks to grant the allocated amounts to the AAHDC.
Pursuant to the Grant Agreements and the approved City budget for fiscal year 2027, the AAHDC will use and/or disburse the Grant Funds as follows:
Marijuana Excise Tax Rebate Funds
* $75,000 - Support of the community space at 121 Catherine Street
* $300,000 - Rising Hope Housing Program
National Opioid Settlement Funds
* $400,000 - Rising Hope Housing Program
The AAHDC may use up to $15,000.00 of the $300,000.00 (5%) of the Marijuana Excise Tax Rebate Funds for its administrative costs related to providing Rising Hope Program Support. National Opioid Funds may not be used to cover any administrative costs incurred by either the Grantee or the Rising Hope Program in connection with the distribution, tracking, management, or use of funds.
Staff
Prepared by: Marti Praschan, Financial Services Area Administrator and CFO
Reviewed by: Michelle Landis, Senior Assistant City Attorney
Approved by: Milton Dohoney Jr., City Administrator
Body
Whereas, The approved FY 2027 City of Ann Arbor budget includes allocations of the State of Michigan's Marijuana Excise T...
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