HomeMy WebLinkAboutRESOLUTIONS - 09231986 - HA 3499 THE BOARD OF COMMISSIONERS, HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA
RESOLUTION NO. 3499
AUTHORIZING EXECUTION OF OPERATING AGREEMENT
WITH SECURITY PACIFIC NATIONAL BANK
FOR PACKAGE 1 FINANCIAL ASSISTANCE UNDER
RENTAL REHABILITATION PROGRAM FOR PRIVATELY OWNED PROPERTIES
WHEREAS the Board of Commissioners of the Housing Authority of the County of
Contra Costa desires to continue to supply decent, safe and sanitary
affordable rental housing to low and moderate income families; and,
WHEREAS the Housing Authority of the County of Contra Costa, in tandem with
Contra Costa County, sponsors an ongoing program for Rental
Rehabilitation of Privately Owned Properties; and,
WHEREAS the Program offers financial assistance in the form of "bankable" low
interest loans; and,
WHEREAS Security Pacific National Bank is a commerical lender with an inplace
program specifically designed to operate in conjunction with public
agencies operating Housing Rehabilitation Programs; and,
WHEREAS the Housing Authority and Security Pacific National Bank have had an
operating agreement for the past two years, terminating September 4,
1986 that the Housing Authority wishes to continue;
NOW, THEREFORE, BE IT RESOLVED that the Board of Commissioners of the Housing
Authority of the County of Contra Costa does hereby approve a two year
Operating Agreement between the Housing Authority and Security Pacific
National Bank and does hereby authorize the Executive Director to
execute said Operating Agreement on behalf of the Housing Authority of
the County of Contra Costa.
This Resolution is to become effective immediately.
PASSED ON -September 23 , 1986 by the following vote of the Commissioners:
AYES: C6mmis:sioners 'FAhden, McPeak., Schroder , Torlakson, Powers .
NOES: None.
I hereby certify that this Is a.trueand correct copy of
ABSENT: None . an action taken and entered on the minutes of the
Board of Supe �jcor--s--o//n the date shown.. //
ABSTAIN: None . ATTESTED: tw� 22 23 . 14 t7 b
PHIL BATCHELOR, Clerk of the Board
CC : County Administrator of Supervisors and County Administrator
County Counsel
Housing Authority
BY . Deputy