HomeMy WebLinkAboutMINUTES - 07211987 - 1.55 TO: BOARD OF SUPERVISORS
FROM: Harvey E. Bragdon ,)�1 lira
Director of Community Development `Cwa
v
DATE: July 7, 1987 im" "y
SUBJECT: Approval of the Amendment to the CDBG Program Project Agreement;
Antioch Economic Development Corporation
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) .& BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
Authorize the Chair to approve the 1987-88 Community Development
Block Grant (CDBG) Program Project Agreement with the Antioch
Economic Development Corporation (AEDC) implementing Activity
#13-17 Economic Development Revolving Loan Program with a payment
limit of $96,000 comprised of $46,000 carried over from FY 86 and
$50, 000 from FY 87.
FISCAL IMPACT
None ( 100% HUD Funds)
BACKGROUND/REASONS FOR RECOMMENDATIONS
The agreement provides capital for the continuation of an existing
small business revolving loan fund for business in the Antioch area
providing employment for low-moderate income people.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION PF BOARD OMMITTEE
APPROVE OTHER
SIGNATURE(S) :
ACTION OF BOARD ON APPROVED AS RECOMMENDED _ OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A
UNANIMOUS (ABSENT ) TRUE AND CORRECT COPY OF AN
AYES: NOES: ACTION TAKEN AND ENTERED ON THE
ABSENT: ABSTAIN: MINUTES OF THE BOARD OF
SUPERVISORS ON THE DATE SHOWN.
cc: Community Development ATTESTED JUL 21 W7
CAO; via Risk Mgmt. PHIL BATCHELOR, CLERK OF
County Counsel THE BOARD OF SUPERVISORS
Auditor (c/o Nona) AND COUNTY ADMINISTRATOR
Contractor
BY p� , DEPUTY
SE/mb
se/aedc.bos