HomeMy WebLinkAboutMINUTES - 11102009 - C.64RECOMMENDATION(S):
1. APPROVE the Contra Costa Consortium Funding Agreement for Neighborhood
Stabilization Program 2 (NSP2) Funds, and
2. AUTHORIZE the Conservation and Development Director, or designee, to execute the
Consortium Funding Agreement
FISCAL IMPACT:
There is no impact to the County General Fund. The Consortium has applied for a grant of
funds from the U.S. Department of Housing and Urban Development (HUD). If the grant is
approved, all funds will be from NSP2, an American Recovery and Reinvestment Act
(Recovery Act) program.
The Catalog of Federal Domestic Assistance (CFDA) number for NSP2 is 14.256
APPROVE OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
Action of Board On: 11/10/2009 APPROVED AS RECOMMENDED OTHER
Clerks Notes:
VOTE OF SUPERVISORS
AYE:John Gioia, District I
Supervisor
Gayle B. Uilkema, District II
Supervisor
Mary N. Piepho, District III
Supervisor
Susan A. Bonilla, District IV
Supervisor
Federal D. Glover, District V
Supervisor
Contact: Kara Douglas
335-7223
I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board
of Supervisors on the date shown.
ATTESTED: November 10, 2009
David J. Twa, County Administrator and Clerk of the Board of Supervisors
By: June McHuen, Deputy
cc: Kathleen Andrus
C.64
To:Board of Supervisors
From:Catherine Kutsuris, Conservation & Development Director
Date:November 10, 2009
Contra
Costa
County
Subject:Contra Costa Consortium Funding Agreement for Neighborhood Stabilization Program 2 Funds
BACKGROUND:
On May 4, 2009 HUD issued a notice of funding availability and on June 11, 2009 a
notice of funding availability correction (together, the NOFA) for a second round of NSP
funding. Under the NOFA, states, local governments, non-profits, and consortia
competed for up to $1.93 billion of NSP funds to carry out neighborhood stabilization
programs to combat the effects of home foreclosures. Contra Costa County and the cities
of Antioch, Pittsburg, Richmond, and Walnut Creek formed the Contra Costa
Consortium (Consortium) and submitted an application for $50 million on June 15, 2009.
The County is the lead member of the Consortium.
The NOFA requires that each consortium member enter into a Consortium Funding
Agreement with the County by December 1, 2009. HUD has not publicly announced
when NSP2 awards will be made. If the Consortium is notified prior to December 1,
2009 that it is not receiving NSP2 funds, its members will not enter into the Consortium
Funding Agreement. The Consortium Funding Agreement will only go into effect if
NSP2 funds are awarded to the Consortium.
Staff recommends that the Board of Supervisors authorize the Deputy Director,
Redevelopment to enter into a Consortium Funding Agreement in substantially the form
attached as Exhibit A. Any modifications from the attached will be reviewed with County
Counsel prior to the execution of the agreement. The form of the Consortium Funding
Agreement will be the same for each city member.
CONSEQUENCE OF NEGATIVE ACTION:
CHILDREN'S IMPACT STATEMENT:
ATTACHMENTS
NSP2 Consortium Funding Agreement