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HomeMy WebLinkAboutMINUTES - 01091996 - C75 - _ Contra TO: REDEVELOPMENT AGENCY Costa FROM: Phil BatchelorCounty J Executive Director ' C -3 DATE: January 9, 1996 SUBJECT: Rodeo Senior Housing SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION RECOMMENDATIONS COMMIT Rodeo Redevelopment Housing Set-Aside funds in an amount of $50,000 to Ecumenical Association for Housing for predevelopment expenses; and AUTHORIZE the Deputy. Director - Redevelopment to execute a Predevelopment Loan Agreement with Ecumenical Association for Housing. FISCAL IMPACT None to the General Fund. Adequate funds currently exist in the Rodeo Redevelopment Project Area Housing'Set-Aside. BACKGROUND/REASONS FOR RECOMMENDATIONS A community based organization interested in pursuing the development of affordable senior housing in Rodeo has emerged. The Rodeo Citizens for Affordable Senior Housing (R-CASH) has worked extensively with the Rodeo Redevelopment Advisory Committee and Agency staff to bring the concept of affordable senior housing from concept to the point where meaningful strategic planning can be accomplished. R-CASH and the Rodeo Redevelopment Advisory Committee have designated a highly experienced non-profit housing developer - Ecumeni(�pL.. Association for Housing. To move the process through predevelopment activities (site . evaluation, preliminary site planning, preliminary cost estimates, and securement of land use approvals), the Rodeo Redevelopment Advisory Committee has recommended a $50,000 appropriation of Rodeo Redevelopment Housing Set-Aside funds. CONTINUED ON ATTACHMENT: YES SIGNATURE: �( RECOMMENDATION OF EXECUTIVE DIRECTOR RECOM NDATION AGENCY COMMITTEE APPROVE OTHER SIGNATURE(S): ACTION OF AGENCY ON January 9 , 1996 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. Contact: Jim Kennedy 646-4076 ATTESTED January 9 , 1996 cc: Redevelopment Agency PHIL BATCHELOR Community Development AGENCY SECRETARY Auditor-Controller via Redevelopment EAH Rodeo RAC BYDEPUTY JKAh sra21/rodsrhsg.bos