HomeMy WebLinkAboutMINUTES - 10091990 - 1.28 TO: BOARD OF SUPERVISORS
FROM: . Harvey E. Bragdon ,.. L Contra
Director of Co mmmity Development
Costa
Q
DATE: October 9, 1990 COLIM
SUWECr: Amendment to Loan Agreements with the
Contra Costa Centre Association
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
Approve amendment to reimbursement Loan Agreement and amendment to'
Promissory Note between the County of Contra Costa and the Contra
Costa Centre Association; and authorize the Chair to execute said
amendments. '
FISCAL IMPACT
No General Fund funds are involved. The loan consisted' ...6f
assessment district proceeds.
BACKGROUND/REASONS FOR RECOMMENDATIONS
On April 8, 1986 the County and the Contra Costa Centre
Association, a non-profit corporation consisting of the property
owners at the Pleasant Hill BART Station, entered into a
Reimbursement and Loan Agreement. The Agreement provided for the
loan of $77, 000 . from the County to the Association for costs
associated with the establishment of a TSM and Child Care program
within the Pleasant Hill BART Station Area. The Association has
requested that the County grant an extension on the repayment of
the loan, the amendment to the Reimbursement and Loan Agreement and
the amendment to the Promissory Note would permit an extension on
the repayment to 1992 .
CONTINUED ON ATTACHMENT: YES SIGNATURE _LM,-��:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATI N OF BOAr COMM E
APPROVE OTHER
SIGNATURE(S) :
ACTION OF BOARD ON APPROVED AS RECOMMENDED -� OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A
_ 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 OCT 9 1990
Redevelopment Agency PHIL BATCHELOR, CLERK OF
County Administrator THE BOARD OF SUPERVISORS
County Counsel AND COUNTY ADMINISTRATOR
Auditor-Controller
CC Centre Association BY �LP�,/� , DEPUTY
SRA8/jb/cccentr.bos (dw4)