HomeMy WebLinkAboutMINUTES - 10011985 - 1.47 1-047 ri
TO-. BOARD OF SUPERVISORS
FROM: Anthony A. Dehaesus Contra
ltra
Director of Community Development Cost
DATE: September 16, 1985 C
ointy
SUBJECT: Multi-Family Cooperative Agreement between the County and the Town of Moraga
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
I. RECOMMENDATION
Approve Cooperative Agreement between the County and the Town of Morga pursuant to
a,multi-family revenue bond financing for Moraga Royale, and authorize the Chairwoman
to execute said Agreement.
II. BACKGROUND
Pursuant to Part 5 of Division 31 of the Health and Safety Code of the State of California
the County is authorized to issue revenue bonds for multi-family housing. The Town of
Moraga has requested the County to work with Goldrich and Kest Associates, a
development firm, to develop a multi-family financing for a prospective elderly housing
complex in the Town of Moraga. The Moraga Royale development is a retirement care
facility with services provided to the residents.
III. FINANCIAL IMPACT
The execution of this agreement will have no financial impact on the County. Should a
financing be developed, it would involve the issuance of revenue bonds which would not be
an obligation of the County.
CONTINUED ON ATTACHMENT: ` YES SIGNATUR
RECOMMENDATION OF COUNTY ADMINISTRATOR R OMME DA ION O / BOARD COMMITTEE
APPROVE OTH.�ER
SIGNATURE(S):
ACTION OF BOARD ON V 1411V APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS
1 HEREBY CERTIFY THAT THIS IS A TRUE
UNANIMOUS (ABSENT AND CORRECT COPY OF AN ACTION TAKEN
AYES. NOES. AND ENTERED ON THE MINUTES OF THE BOARD
ABSENT: ABSTAIN: OF SUPERVI S 014 THE DATE SHOWN.
cc: County Administrator ATTESTED
COIIltrillnity Development PHIL BATCHELOR, CLERK OF THE BOARD OF
Auditor-Controller S?
RVIS SAND CO NTY ADMINISTRATOR
Town of Moraga
M382/7-83 lh BY (� DEPUTY ,