City Council

8.\nMeasure BP Fund- Revenue Allocation Policy\nIt is recommended that the City Council:\n1.\nAdopt as a Policy that the Measure BP SOC shall have review and recommendation\njurisdiction of investments of up to $6 Million annually of Measure BP Revenue; and\n2.\nAny and all Measure BP revenue, including interest earnings, above $6 million annually\nshall be under the direct review and allocation jurisdiction of the City Council.\n3.\nDirect the Chief Executive Officer (CEO) and the Director of Finance to implement this\npolicy effective July 1, 2025, with applicability retroactive to the inception of Measure\nBP on April 1, 2023, using the fiscal year as the basis.\n4.\nAuthorize the CEO to make non-substantive adjustments as deemed necessary.