HomeMy WebLinkAboutMINUTES - 12041990 - 1.74 -7
TO: REDEVELOPMENT AGENCY
FROM: PHIL BATCHELOR, cuitra,
EXECUTIVE DIRECTOR
Cx)sta
DATE: December 4, 1990 Coulty
SUBJECT: Repayment Agreement Rodeo Redevelopment
Project Area
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
Approve a Repayment Agreement with the County of Contra Costa for
the Rodeo Redevelopment Project Area; and authorize the Redevelop-
ment Director 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 EXECUTIVE DIRECTOR RECON14ENDATION AGENCY COMMITT 7 E
APPROVE .,OTHER
SIGNATURE(S) :
ACTION OF AGENCY ON December 4, 1990 APPROVED AS RECOMMENDED X OTHER
VOTE OF COMMISSIONERS
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 REDEVELOPMENT
AGENCY ON THE DATE SHOWN.
cc: Redevelopment Director ATTESTED December 4, 1990
CAO PHIL BATCHELOR,
Auditor-Controller AGENCY SECRETARY
County Counsel
Community Development BY DEPUTY
SRA.8/jb/repayrod.bos(dw4)