HomeMy WebLinkAboutMINUTES - 02052002 - C29 TO: BOARD OF SUPERVISORS
FROM: Dennis M. Barry, AICP
Community Development Director
DATE: February 5, 2002
SUBJECT: SB 369
SPECIFIC REGUF T(B) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIQNS
ADOPT position in support of SB 369 (Dunn) and AUTHORIZE the Deputy Director-
Redevelopment to communicate the Board{s support of said bill to the County's legislative
delegation.
FISCAL IMPACT
NONE
BACKGROU D1REASONS FOR RECOMMENDATIONS
Section 52075-52098 of the California Health and Safety Code provides the authorization for
cities, counties and joint powers authorities to issue Multi-Family Mortgage Revenue Bonds.
The County has been an active issuer over the years of such bonds. The statues contain a
sunset provision in which the authority to issue such bands by cities and counties lapsed as of
December 31, 2001. urgency legislation to reestablish this authority has been accomplished
through changes to SB 369. This bill would be urgency legislation in order to reestablish the
authority as of January 1, 2002.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
RECOMMENDATION OF COUNTY 'ADMINISTRATO REC MENIJATION F BOARD
Cf)MMI[TTEE APPROVE OTHER
SIGNATURE(S):
ACTION OF BOARD ON Fdbruary 'S 2002 APPROVED AS RECOMMENDED xx OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A
x UNANIMOUS (ABSENT 'None ) 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.
Source: Jim Kennedy
335-1255
cc: County Administrator's Office ATTESTED February �, z002
County Counsel JOHN SWEETEN,, CLERK OF
Housing Authority, THE BOARD OF SUPERVISORS
Redevelopment Agency AND COUNTY ADMINISTRATOR
�` dd
r iJ x
BY r § £ DEPUTY
WAPersonai\Board Orders and Greenies\8OSCD.SB 3E 9.Q1.16.02.doc