Regular Governing Body Meeting - Last Wednesday — Wed, Aug 26, 2026 · 16.a CONSIDERATION OF RESOLUTION NO. 2026-___. (Mayor Michael Garcia, Councilor Elizabeth Barrett, Councilor Paul Bustamante) A Resolution Approving the Hopewell Mann Neighborhood Stabilization Plan. (Carly Vendetti, Metropolitan Redevelopment Agency Deputy Director; cavendetti@santafenm.gov) Committee Review: Governing Body (Introduced): 08/26/2026 Metropolitan Redevelopment Commission: 09/02/2026 Economic Development Advisory Committee: 09/02/2026 Public Works and Utilities Committee: 09/21/2026 Quality of Life Committee: 09/23/2026 Governing Body: 09/30/2026
FISCAL IMPACT REPORT General Information: (Check) Bill: Resolution: X Short Title(s): Adopting the Hopewell Mann Neighborhood Stabilization Plan Sponsor(s): Mayor Michael Garcia, Councilor Elizabeth Barrett, Councilor Paul Bustamante Reviewing Department(s): Metropolitan Redevelopment Agency Staff Completing FIR: Carly Venditti, MRA Deputy Director_Date: 7/28/2026 Phone: (505) 795-0675 Reviewed by City Attorney: Date: Reviewed by Finance Director: Date: Summary: The proposed resolution would adopt the Hopewell Mann Neighborhood Stabilization Plan, a community- driven plan that identifies strategies, policies, and actions to preserve housing affordability, support residents and businesses, improve infrastructure and public safety, expand economic opportunity, and strengthen long-term neighborhood stability. The Midtown Community Development Plan, adopted in 2023, identified neighborhood stabilization as a key strategy to promote housing affordability, minimize displacement, and support long-term community stability. It specifically calls for a community-driven Neighborhood Stabilization Plan for the Hopewell Mann neighborhood due to the redevelopment pressures associated with the Midtown redevelopment project. Departments Affected: Metropolitan Redevelopment Agency, Land Use Department and Affordable Housing Division, Office of Economic Development, Public Works Department, Metropolitan Planning Organization, and the Sustainability Division. Consequences of Not Enacting Legislation: If this legislation is not adopted, the City of Santa Fe will be out of compliance with the direction of the Midtown Community Development Plan. Conflict, Duplication, Companionship, or Relationship to Other Legislation: Midtown Master Plan, adopted by Resolution No. 2022-68 and Midtown Community Development Plan, adopted by Resolution No. 2023-5 (plans collectively known as the Midtown Redevelopment Plans); Resolution No. 2024-8 amended the Midtown Community Development Plan; and Resolution No. 2025- 42 designated a Metropolitan Redevelopment Area and as established by Attachment A, entitled “Midtown Metropolitan Redevelopment Plan: Designation Report”. FIR No. 10770.1Marcos D. Martínez (Aug 12, 2026 10:41:19 MDT) Marcos D. Martínez08/12/202608/12/2026 Adopted: 01/12/05; revised 8/24/05; 4/17/08; 2 Performance and Administrative Implications: Administrative implications include quarterly meetings with departments affected to share updates, policy, and affiliated programming to coordinate implementation and efforts. Fiscal Implications: N/A Fiscal Impact X Check here if no fiscal impact Expenditures Expenditure Narrative: Revenue Revenue Type FYE 2027 FYE 2028 FYE 2029 Recurring (R) or Non-recurring (NR) Fund General Fund $ $______ $ Special Revenue $ $ $ CIP $ $ $ Enterprise $ $ $ Internal Service $ $ $ Trust and Agency Federal $ $ $ $ $ $ Other $ $ $ Total $ $ $ Revenue Narrative: Expenditure Type FYE 2026 FYE 2027 FYE 2028 Require BAR (Y/N) Recurring (R) or Non- recurring (NR) Fund 3-Year Total Cost Personnel and Benefits* $ $ $ Capital Outlay $ $ $ Contractual/ Professional Services $ $ $ Operating $ $ $ $ Total: $ $ $ $ Signature:Email:Signature:Email:cavenditti@santafenm.gov