Adopt a Resolution Approving Agreement with Philanthropic Ventures Foundation as Fiscal Sponsor for the Russell City Redress Fund and Authorize the City Manager to Execute the Agreement

Summary

The Hayward City Council is considering a resolution to approve an agreement with the Philanthropic Ventures Foundation (PVF) to serve as the fiscal sponsor for the Russell City Redress Fund. This fund, with a total of $1.2 million pledged by the City of Hayward ($250,000), Alameda County ($850,000), and the Alameda County Office of Education ($100,000), aims to provide direct payments to eligible applicants who were displaced from Russell City in the 1960s. PVF will manage, hold, and disburse the funds, charging a 2% annual administrative fee (approximately $24,000). The City Manager will act as the Authorized Agent for disbursement requests, and the three agencies will jointly review and approve applicants. This initiative is a step towards acknowledging and addressing the harm caused by the historical displacement.

Citizen Impact

This action establishes a mechanism for eligible former Russell City residents to receive direct payments as redress for historical displacement. The Philanthropic Ventures Foundation will manage fund disbursement, with application review handled by the participating government agencies.

Confidence

high