HomeMy WebLinkAboutMINUTES - 12041990 - 1.72 /o 7o?
TO: BOARD OF SUPERVISORS
FROM: Harvey E. Bragdon ontraC
Director of Community Development
Costa
DATE: December 4, 1990
LOY
C C
SUBJECT: Repayment Agreement - Rodeo Redevelopment
Project Area
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
Approve a Repayment Agreement with the Contra Costa Redevelopment
Agency for the Rodeo Redevelopment Project Area; and authorize the
Director of Community Development or his designee to execute said
Agreement.
FISCAL IMPACT
No' general fund monies are involved. The repayment agreement
provides for the County to loan to the Redevelopment Agency $50, 000
in Housing Bond Trust Funds in order to cover Agency costs
associated with adoption of a Redevelopment Plan in Rodeo.
BACKGROUND/REASONS FOR RECOMMENDATIONS
On May 16, 1989, Contra Costa County Board of Supervisors adopted
Resolution 89/322 designating a redevelopment survey area in the
unincorporated area community of Rodeo. Redevelopment Agency
completed the Redevelopment Plan Adoption process on July 10th via
Board of Supervisors adopted ordinance no. 90/50 approving a
Redevelopment Plan for the community of Rodeo. The Redevelopment
Agency incurred approximately $50, 000 legal and environmental
consultant costs associated with the plan adoption process. These
costs are to be paid from the loan of Housing Bond Trust Funds, by
the County.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATIO F B07 COMMI/TTE
APPROVE OTHER /
SIGNATURE(S) :
ACTION OF BOARD ON December 4, 1990 APPROVED AS RECOMMENDED X OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A
X UNANIMOUS (ABSENT ) TRUE AND CORRECT COPY OF AN
AYES: NOES: ACTION TAKEN AND ENTERED ON THE
ABSENT: ABSTAIN: MINUTES OF THE BOARD OF
SUPERVISORS ON THE DATE SHOWN.
cc: Community Development ' ATTESTED December 4, 1990
CAO PHIL BATCHELOR, CLERK OF
Auditor-Controller THE BOARD OF SUPERVISORS
County Counsel CO ADMINISTRATOR
Community Development
BYCL , DEPUTY
SRA8/jb/repayrod.bos (dw4)