HomeMy WebLinkAboutMINUTES - 08251987 - 1.43 TO: BOARD OF SUPERVISORS (/Y 1-043
FROM: Harvey E. Bragdon
ra
Director of Community Development "`
Costa
DATE: August 12, 1987 n^„�`
SUBJECT: Multi-Family Cooperative Agreement WlJ"ly
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
Approve a Cooperative Agreement between the County and the Cities
of Antioch and El Cerrito relative to a Multi-Family Mortgage
Revenue Bond Program, and authorize the Chair to execute said
agreements.
BACKGROUND/REASONS FOR RECOMMENDATIONS
Pursuant to Federal and State law the County is authorized to issue
revenue bonds to finance multi-family apartment projects. The
Cities of Antioch and E1 Cerrito have asked that the County issue
such bonds for various projects in their city. To proceed with the
sale a Cooperative Agreement between the County and Cities is
desirable.
FINANCIAL IMPACT
None.
CONTINUED ON ATTACHMENT: YES SIGNATURE-
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATI OF XOPF COMMITTEE
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 pSHpOWN.
cc: Community Development ATTESTED 0�f.1.0�o2 /10
County Administrator PHIL BATCHELOR, CLERK OF
THE BOARD OF SUPERVISORS
AND COUNTY ADMINISTRATOR
BY DEPUTY
JK/mb
jk2/mfcoopag.bos