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Tonight, staff recommends Council approve Amendment #5 to the <br />PSA <br />Late March 2023 -Homekey 3.0 Request for Proposals (RFP) <br />release <br />April 6, 2023 –staff expected to request Council approval of <br />State mandated resolution to apply for Homekey 3.0. Project scope <br />and budget will be presented. <br />Mid-late April 2023 –Submit Homekey 3.0 application to State <br />Spring/Summer 2023 –City to consider allocating up to $3.2 <br />million in one-time City surplus General Funds as acquisition gap <br />funding to purchase the motel <br />Summer/Fall 2023 –State Homekey funding award announcement <br />and motel acquisition completed <br />Spring/Early Summer 2024 –interim nav center/shelter to open if <br />approved for Homekey funding. Motel needs to be operational <br />within 8 to 12 months of grant award. <br />Next Steps <br />9