HomeMy WebLinkAboutMINUTES - 12131983 - 2.2 _
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THE BOARD OF COMMISSIONERS, HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA
ADOPTED this ORDER on December 13, 1983 , by the the following vote:
AYES: Commissioners Powers, Fanden, McPeak, Torlakson, Schroder.
NOES: None.
ABSENT: None.
ABSTAIN: None.
SUBJECT: Approved recommendation of the Executive. Director of the Housing
Authority of the County of Contra Costa on completion of the Muir
California senior citizen housing project and authorized Executive
Director to negotiate a loan and execute documents related thereto.
The Board of Commissioners having received and reviewed a report
from the Executive Director of the Housing Authority of the County of Contra
Costa recommending that the Board of Commissioners approve a loan not to exceed
$162,500 from Housing Authority reserves, on a matching basis with a loan from
County Community Development Block Grant Funds, to Goldrich, Kest and Associates
for completion of the Muir California senior citizen housing project:
IT IS BY THE BOARD ORDERED that a loan be provided from Housing
Authority reserves on a 50-50 basis with County Community Development Block
Grant Funds, in an amount not to exceed $162,500 for the Housing Authority share,
to Goldrich, Kest for the completion of the Muir California project at a nego-
tiated loan rate and that the principal and interest be repaid over a 15-year
period; and the Executive Director is AUTHORIZED to complete the loan nego-
tiations and sign whatever legal papers are necessary to make the loan after a
review of the legal documents by Housing Authority legal counsel; it is also
REQUESTED that a stipulation be included in the contract to insure the project
continues to provide housing for senior citizens upon payment of the loan.
cc: Contra Costa County
Housing Authority
County Administrator
County Counsel
Goldrich, Kest via HA
217
HOUSING AUTHORITY
Or TH9
COUNTY OF CONTRA COSTA
3133 ESTUDILLO STREET P.O. BOX 2396
(416) 228-3330
MARTINEZ,CALIFORNIA 94663
CERTIFICATE
I, Perfecto Villarreal , the duly appointed, qualified and acting
Secretary/Treasurer - Executive Director of the Housing Authority of the
County of Contra Costa, do hereby certify that the attached extract from
the Minutes of the Regular Session of the Board of Commissioners
of said Authority, held on December 13 , 1983 ,
is a true and correct copy of the original Minutes of said meeting on file
and of record insofar as said original Minutes relate to the matters set
forth in said attached extract.
IN WITNESS WHEREOF, I have hereunto set my hand and the seal of
said Authority this 13th day of December 1983
(SEAL)
erfe o Villarreal , Secretary
208-jt-82