HomeMy WebLinkAboutMINUTES - 09111984 - 1.43 To: BOARD OF SUPERVISORS
Contra
FROM: Anthony A. Dehaesus Costa
Director of Planning
DATE: September 4, 1984 County
SUBJECT: Cooperative Agreements for the Multi-Family Revenue Bond Financing Program
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION
Approve execution of Cooperative Agreements with each City in the County desiring to
participate in the Multi-Family Revenue Bond Financing Program; and authorize the
Chairman and/or the Director of Planning to execute said Agreements.
BACKGROUND
The Planning Department is in the process of structuring a program of multi-family
revenue bond financing for apartment development. The program contemplates pooling a
number of developments and developers into a single bond issue. Projects could be
located in the unincorporated County and in the Cities which have signed Cooperative
Agreements with the County.
At present Cooperative Agreements, have been executed with Antioch, Brentwood, and
Concord (limited to one project). Additional Cities will be . providing Cooperative
Agreements. In order to expedite the process of structuring the issue it is recommended
that the Board approve at this time the adoption of Cooperative Agreements with any
City desiring to participate. Attached hereto are Cooperative Agreements with the City
of El Cerrito and City of Pinole, which are ready for approval and execution at this time.
r
CONTIN4 ON ATTACHMENT: YES SIGNATU
OMMENDATION OF COUNTY ADMINISTRATOR REC MMENDATI F BOARD COMMITTEE
APPROVE OTHER
i
SIGNATURE(S)
ACTION OF BOARD ON Sept 11 , 1984 APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS
X UNANIMOUS (ABSENT II ,III ) 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 SUPERVISORS ON THE DATE SHOWN.
CC: County Administrator ATTESTED
PLanning Director Phil Datcneior Clerk of the Board of
Auditor-Controller Supervisors and County Administrator
Cities of Pinole and v 00019
E1 Cerrito �1
M382/7-88 0 BY / ' - DEPUTY