HomeMy WebLinkAboutMINUTES - 12031996 - C99 C,qq
�L Contra
TO: BOARD OF SUPERVISORS
Costa
FROM: Harvey E. Bragdon J� County
Director of Community Development
DATE: December 3, 1996
SUBJECT: Reallocation of FY 1995/96 CDBG Funds from the E1 Cerrito Plaza
Multifamily Housing Project to the FY 1996/97 CDBG Housing
Development Assistance Fund
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
APPROVE the reallocation of $100,000 in FY 1995/96 Community
Development Block Grant (CDBG) funds originally allocated to the El
Cerrito Redevelopment Agency for the E1 Cerrito Plaza Multifamily
Housing Project to the FY 1996%97 CDBG Housing Development Assistance
Fund
FISCAL IMPACT
No General Funds are involved.
BACKGROUND/REASONS FOR RECOMMENDATIONS
On February 14 , 1995, the County Board of Supervisors approved the
allocation of $100,000 in CDBG funds to the E1 Cerrito Redevelopm nt
CONTINUED ON ATTACHMENT: X YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDA OF BOA COMMITTEE
APPROVE OTHER
SIGNATURE(S) :
ACTION OF BOARD ON arc o 3 1996 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.
Contact: Kathleen K. Hamm 03 1996
335-1257 ATTESTED DECl�
cc: County Administrator PHIL BATCHELOR, CLERK OF
County Counsel THE BOARD OF SUPERVISORS
Auditor-Controller (N. Garnett) AND COUNTY ADMINISTRATOR
Community Development
El Cerrito RDA via Comm Developmt. BY ��, DEPUTY
c . Q9Y y
Agency to assist in the development of 184 units of transit-based
multifamily rental housing affordable to lower income households . The
Agency has now informed the Community Development Department that this
project will not proceed at this time due to changes in the proposed
development team, neighborhood concerns, higher than anticipated costs,
and an inability on the part of the developer to obtain the additional
required financing. As a result, on October 7, 1996, the Redevelopment
Agency Board voted to return the $100,000 in CDBG funds reserved for
this project to the County.
It is therefore recommended that the $100, 000 in FY 1995/96 CDBG funds
previously approved by the Board for this project be rescinded and
reallocated to the FY 1996/97 CDBG Housing Development Assistance Fund
for use in funding additional affordable housing projects in the future.
The Department wishes to emphasize that rescission of the FY 1995/96
allocation in no way precludes or jeopardizes the E1 Cerrito
Redevelopment Agency' s ability to apply and compete effectively for CDBG
funds to develop affordable housing in the future.