HomeMy WebLinkAboutMINUTES - 11141995 - C66 rev.
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TO: REDEVELOPMENT AGENCY/ _
BOARD OF SUPERVISORS J Coin/
FROM: Phil Batchelor
Executive Director
DATE: November 14, 1995
SUBJECT: North Richmond Redevelopment
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
AUTHORIZE the Director of Community Development to execute a Loan Agreement between
the Contra Costa County Redevelopment Agency and the County relating to administration
of the North Richmond Redevelopment Project Area; and AUTHORIZE the Deputy Director -
Redevelopment to execute said Loan Agreement on behalf of the Redevelopment Agency.
FISCAL IMPACT
None. No General Fund monies are involved. County funds to be loaned to the Agency are
from Account 810900 018-108-010. The loan of County funds in the amount of$79,710 will
be repaid by the Agency.
BACKGROUND/REASONS FOR RECOMMENDATIONS
On October 24, 1995 the Agency adopted its annual budget. This budget provided for a
portion of the administrative costs associated with managing the North Richmond
Redevelopment Project, to be paid from funds loaned to the Agency by the County. This Loan
Agreement affects that action.
CONTINUED ON ATTACHMENT: XX YES SIGNATURE:
RECOMMENDATION OF EXECUTIVE DIRECTORCOMMEND TION OF GENCY
COMMITTEE APPROVE OTHER
7
SIGNATURE(S):
ACTION OF AGENCY ON November 14 , 19 9 5 APPROVED AS RECOMMENDED x OTHER
BOARD
VOTE OF COMMISSIONERS /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 REDEVELOPMENT
AGENCY,ON THE DATE SHOWN.
Contact: Jim Kennedy /Board of Supervisors
646-4076 ATTESTED November 14 , 1995
Orig: Redevelopment Agency PHIL BATCHELOR
cc: County Administrator AGENCY SECRETARY /
County Counsel CLERK OF THE BOARD OF:
Community Development SUPERVISORS AND COUNTY
D IVIS TOR
,, DEPUTY
BY A ,, DEPUTY
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sra=nrloan.bos