HomeMy WebLinkAboutMINUTES - 08142001 - C.88 'I:�O: BOARD FSUPERVISORS
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FROM: Dennis M. Barry, AICP
Costa
Community Development Director ^`` '__ _... J County
DATE: August 14, 2001
SUBJECT: Legal Services Contract for CDBG, HOME and HOPWA Programs
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
APPROVE and AUTHORIZE the Deputy Director, Redevelopment or his designee to execute a legal
services contract in an amount not to exceed $30,000 with Goldfarb & Lipman for use in connection
with affordable housing and economic development loans made with Community Development Block
Grant(CDBG), HOME investment Partnership Act(HOME), and Housing Opportunities for Persons
with AIDS (HOPWA) funds.
FISCAL IMPACT
No General Fund impact. HOME and CDBG funds are provided to the County on a formula allocation
basis through the U.S.Department of Housing and Urban Development(HUD).Funding of$30,000 will
come from administrative funds currently allocated to each program($15,000 from HOME and$15,000
from CDBG).
BACKGROUND/REASONS FOR RECOMMENDATIONS
Contra Costa County receives an allocation of approximately$5 million in federal CDBG,HOME and
HOPWA funds for use in developing housing affordable to lower income households in the County.
CONTINUED ON ATTACHMENT: X YES SIGNATURE: P�
Ll
,,-IECOMMENDATION OF COUNTY ADMINISTRATOR ECOM NDATION OF BOARD
COMMITTEE
✓APPROVE OTHER
SIGNATURE(S).
ACTION OF BO D ON 3-Li-ax,,of I l APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A
UNANIMOUS (ABSENT .a 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.
Contact: Kathleen K. Hamm (925) 335-1257 ATTESTED
Orig/cc: Community Development Dept. JOHNJSWEETEN, CLERK OF
cc: County Administrator THE BOARD OF SUPERVISORS
County Counsel AND COUNTY ADMINISTRATOR
Goldfarb & Lipman via CDD
BY ► , DEPUTY
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These funds are typically provided to affordable housing developers in the form of a subsidized loan.
The County's funds are secured against the property by a deed of trust and specific affordability and use
restrictions are incorporated into a loan and regulatory agreement between the County and project
developer. In addition to housing, approximately $500,000 in CDBG funds is allocated on an annual
basis to economic development projects designed to create jobs for low-income persons.These funds are
also typically secured against the project property through a deed and loan agreement. The law firm of
Goldfarb and Lipman has previously provided the County with legal assistance in negotiating loan terms
and drafting the required legal documents for CDBG and HOME projects.The proposed contract would
be a continuation of this relationship.
kkh/w/word/BOS-GF