HomeMy WebLinkAboutMINUTES - 09221992 - 1.33 = �® 3 �n
TO: BOARD OF SUPERVISORS
FROM: Franklin Lew, Director of Building Inspection
DATE: September 8, 1992
SUBJECT: Loan Participation Agreement between the County and
Great Western Bank for the Housing Rehabilitation
Loan Program 1992/93 Agreement
SPECIFIC REQUESTS) OR RECOMMENDATIONS) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
Approve Loan Participation Agreement between the County and Great
Western Bank, a Federal Savings Bank, and authorize the Chair to
execute said Agreement for housing rehabilitation financial
services.
FISCAL IMPACT
This agreement involves no general fund monies.
BACKGROUND
Contra Costa County has implemented a housing rehabilitation
program and seeks the financial participation and servicing
capabilities of Great Western Bank.
Contra Costa County has previously executed loan participation
agreements with Great Western Bank for said participation and
services.
They have participated with this program since the inception in
1976/1977 . Their participation has been of great value to this
program.
CONTINUED ON ATTACHMENT: X YES SIGNATUR SLA_ �-
RECOMMENDATION OF COUNTY ADMINISTRATOR
RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE (S) :
ACTION OF BOARD ON APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVI ORS
I HEREBY CERTIFY THAT THIS
>", UNANIMOUS (ABSENT — ) IS A TRUE AND CORRECT COPY
AYES: NOES: OF AN ACTION TAKEN AND
ABSENT: ABSTAIN ENTERED ON THE MINUTES OF
THE BOARD OF SUPERVISORS ON
TH DATE SHOWN.
cc: Community Development ATTESTED o2
Building Inspection Dept. Phil Batchelor,
County Administrator Clerk of the Board
Auditor-Controller of Supervisors and
Great Western Bank Count Administrator
BY: , DEPUTY