HomeMy WebLinkAboutMINUTES - 02211984 - X.1 TO: BOARD OF SUPERVISORS
FROM% Anthony A. Dehaesus Contra
Director of Planning ("`OS+ a
DATE: February 21, 1984 County
Loan of Community Development Block Grant & Housing Authority eserve Funds to
SUBJECT: the "Martinez Senior Citizen Apartments, A Limitied Partnership" for Rehabilitation
of the Martinez Senior Citizen Apartments
SPECIFIC REQUESTS) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
Recommendations:
1. Find that, pursuant to the California Government Code, the Martinez Senior Citizen Apartments
will serve the social needs and assist in promoting the general welfare of the County's Senior
Citizens;
2. Authorize the Chairman of the Board or the County Administrator to execute a Project
Agreement & Work Program dated as of February 15, 1984, in substantially the form presented
before the Board between the County of Contra Costa and the "Martinez Senior Citizen
Apartments, A Limited Partnership';
3. Pursuant to approval action on December 13, 1983 of the Board of Supervisors, acting as the
Housing Authority Board of Commissioners, accept funds on behalf of the County as provided by
the Housing Authority and approve the use of the Housing Authority funds as 50% of a loan of
$325,000 as described and included in the Community Development Project Agreement between
the County and the "Martinez Senior Citizen Apartments, A Limited Partnership';
4. Authorize the Chairman, County Administrator, Planning Director, and/or Executive Director of
the County Housing Authority to execute necessary documents related to the loan, including, but
not limited to, the Note & Deed of Trust;
5. Approve an Agreement for loan in substantially the form as presented between the County, the
County Housing Authority, and Martinez Senior Citizen Apartments, a Limited Partnership, and
authorizing the Chairman and Executive Director of the Housing Authority to execute said
documents; and
6. Authorize the County Auditor to be the servicing agent for said loan of Community Development
Block Grant and Housing Authority Reserve Funds and instruct the Auditor's office to disburse
back to the lending programs referenced above, all loan repayments on a 50-50 basis.
Background:
On December 13, the Board of Supervisors, acting as the Board of Commissioners of the Housing
Authority, approved a loan of Housing Authority reserves in an amount not to exceed $162,500 to
Goldrich, Kest & Associates for the rehabilitation of the Martinez Senior Citizen Apartments (Muir
California). On December 20, the Board approved a like amount of Community Development Block
Grant funds for the same purpose. The purpose of the recommended actions is to get approval for
execution of the various agreements and documents necessary to consumate the loan. "Martinez
Senior Citizen Apartments, A Limited Partnership" and the California Houing Finance Agency desire
to achieve loan closing on the CHFA loan on February 28. The County loan eeds to be in a position to
Close simultaneously with the CHFA loan on that date, the fore thisi m should be carried to the
Board for their consideration as an extra item on February 21
CON)Kti'A 89 ATTACHMENT: YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR R M14ENDTIONBOARD COMM EE
APPROVE OTHER
SIGNATURES)
ACTION OF BOARD ON 2A APPROVED AS RECOMMENDED X OTHER
VOTE OF SUPERVISORS
UNANIMOUS (ABSENT ) I HEREBY CERTIFY THAT THIS IS A TRUE
AYES: NOES: AND CORRECT COPY OF AN ACTION TAKEN
ABSENTS ABSTAIN: AND ENTERED ON THE MINUTES OF THE BOARD
OF SUPERVISORS ON THE DATE SHOWN. Q �/
CC: County Administrator ATTESTED P�li1�LL it.us- �24) 7
Auditor-Controller J.R. OLSSON. COUNTY CLERK
Planning AND EX OFFICIO CLERK OF THE BOARr'
Contractor 489
Maes/>-ea BY (� DEPUTY
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