HomeMy WebLinkAboutMINUTES - 07311984 - 1.57 TO: BOARD OF SUPERVISORS
FROM: Anthony A. Dehaesus COrltra
Director of Planning Costa
DATE: July 24, 1984 County
SUBJECT: Accept the Appointment of Administrator! for the Contra Costae Home Mortgage
Finance Authority's 1984 Home Mortgage Finance Program, and Related Actions
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION
1) Accept the appointment by the Contra Costa HoTe Mortgage Finance Authority, through
the Planning Department, as Administrator of the Authority's 1984 Home Mortgage Finance
Program;
2) Authorize, as the Administrator, the execution and delivery of the Origination Service and
Administration Agreement and the Developer Agreement in substantially the form approved
by the Authority;
3) Designate the Director of Planning to serve as staff and Administrator to the Authority, and
authorize the Planning Director to execute and deliver any and all documents, certificates,
and agreements and to do any and all things and take any and all actions necessary to
perform the function of Administrator.
BACKGROUND
The Administrator's role in mortgage bond programs is that of coordinating and monitoring
program activities. General responsibilities include:
monitoring developer and lender performance;
responding to program questions;
reporting and monitoring of program revenues.
The County Planning Department has acted as administrator on its 1982 and 1983 issuance of
mortgage revenue bonds, and it is proposed to do so for the 1984 issuance. An annual fee of
$25,000, paid from program revenues, will be paid to the County to cover costs for performing
said services.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
I
L,
RECOMMENDATION OF COUNTY ADMINISTRATOR R O M DATION F BOARD COMMITTEE
APPROVE OTHER
SIGNATURE(S)
ACTION OF BOARD ON APPROVED AS RECOMMENDED 7r OTHER
X
VOTE OF SUPERVISORS 00340
UNANIMOUS (ABSENT ) 1 HEREBY CERTIFY THAT THIS IS A TRUE
AYES: NOES: AND CORRECT COPY OF AN ACTION TAKEN
ABSENT: ABSTAIN: AND ENTERED ON THE MINUTES OF THE BOARD
OF SUI PERVISOON HE DATE SHOWN.
CC: County Administrator ATTESTED .
Planning ])irector J OLSS N. CO TY CLERK
Auditor-Controller AND EX OFFICIO CLERK OF THE BOARD
M3e2/7-83 BY DEPUTY