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TO: BOARD OF SUPERVISORS
FROM: HARVEY E. BRAGDON, Contm
DIRECTOR OF COMMUNITY DEVELOPMENT ^ _ _.L
Costa
DATE: August 8, 1989 County
SUBJECT: Advance of Funds to the Redevelopment Agency for
Rodeo Redevelopment Plan Adoption Expenses.
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
Approve a loan of $50 ,800 from Housing Bond Trust Funds to the
Contra Costa County Redevelopment Agency for costs associated with
adoption of a Rodeo Redevelopment Plan; and authorize the Director
of Community Development to execute a Repayment Agreement with the
Redevelopment Agency.
FISCAL IMPACT
The advance is a loan of $50,000, which the Redevelopment Agency
will repay, plus interest, from tax increments generated by a
project in Rodeo if adopted. Funds to be advanced would be from a
non-general fund source - Housing Bond Trust Fund accounts 018-
108-010, 018-108-011, or 018-108-012.
BACKGROUND/REASONS FOR RECOMMENDATIONS
On May 16, 1989, the Board of Supervisors approved Resolution
89-322 designating a Redevelopment Survey Area in Rodeo. While the
Redevelopment Agency is charged with the responsibility to investi-
gate the feasibility of establishing a redevelopment project in
that area, the Agency currently has insufficient funds to do so on
a timely basis.
The area- being surveyed is badly in need of infrastructure, and
housing improvements, and establishment of a redevelopment project
in the Rodeo area may greatly enhance the ability of the County to
construct and finance such improvements
CONTINUED ON ATTACHMENT: YES SIGNATURE: Qr
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATI F BOARDCOMMITTEE
APPROVE OTHER /
SIGNATURE(S) :
ACTION OF BOARD ON AUG APPROVED AS RECO ED OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A
X UNANIMOUS (ABSENT ) TRUE AND CORRECT COPY OF AN
AYES: NOES: ACTION TAKEN AND FRED ON THE
ABSENT: ABSTAIN: MINUTES OF THE BOARD OF
SUPERVISORS ON THE DATE SHOWN.
cc: Community Development (Orig. ) ATTESTED AUG 15 1989
CAO PHIL BATCHELOR, CLERK OF
Auditor-Controller THE BOARD OF SUPERVISORS
AND COUNTY ADMINISTRATOR
BY C:• , DEPUTY
a
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