HomeMy WebLinkAboutMINUTES - 10141986 - 1.31 TO BOARD OF SUPERVISORS
FROM: Harvey E. Bragdon Contra
Director of Community Development Costa
DATE: October 3, 1986 CN "ry
SUBJECT: Approval of the Twelfth Year (1986-87) Community Development Block Grant �
(CDBG) Program Project Agreement; Antioch Economic Development Corporation
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION:
Authorize the Chair to execute Twelfth Year CDBG Program Project Agreement
with Antioch Economic Development Corporation (AEDC) implementing activity
12-13 Economic Development with a payment limit of $46,000.
FINANCIAL IMPACT:
None (100 percent HUD funds) .
BACKGROUND:
The AEDC has in the past several years operated an economic development loan
program designed to assist and stimulate new and small business expansion by
providing loans at below market rates, thus encouraging employment of
low-moderate income people.
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CONTINUED ON ATTACHMENT: _ YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE(S):
ACTION OF BOARD ON /qxAPPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS
_ I 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 SUPERVISORS ON THE DATE SHOWN.
cc: Community Development ATTESTED _
County Administrators Office PHIL BATCHELOR, CLERK OF THE BOARD OF
County Counsel SUPERVISORS AND COUNTY ADMINISTRATOR
Auditor (B. Dreyer)
M382/7-83 BY /g DEPUTY