HomeMy WebLinkAboutMINUTES - 12072004 - C60 TO: REDEVELOPMENT AGENCY •'••:� ContraG Y
FROM: JOHN SWEETEN - Costa
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EXECUTIVE DIRECTOR
- County
DATE: DECEMBER 7, 2004 co-
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SUBJECT: Loan Agreement for Habitat for Humanity, Bay Point Redevelopment Project Area
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
RECOMMENDATION:
COMMIT Bay Point Redevelopment Housing Set-Aside funds in the amount of $300,000 to
Habitat for Humanity; and
AUTHORIZE the Redevelopment Director to execute a Loan Agreement with Habitat for
Humanity.
FINANCIAL IMPACT:
No general funds will be used. The monies will come from the Bay Point Redevelopment
Project Area Housing Set-Aside funds for fiscal year 2004-2005.
BACKGROUND:
Habitat For Humanity, a non-profit housing developer, proposes to acquire property in Bay
Point for the construction of six to ten single-family residential units for low and moderate
income households in the Bay Point Redevelopment Project Area. The proposed housing
would be built on a vacant 1.2 acre property (APN 095-073-001, -002, -003, 095-060-009, -
010, and -011) in the Bella Vista neighborhood of Bay Point. County Redevelopment funds
will be allocated for land acquisition expenses. The Bay Point Redevelopment Project Area
Committee has considered and recommended the allocation of funds to Habitat or Humanity.
CONTINUED ON ATTACHMENT: ❑ YES SIGNATURE: ctzi^
[RECOMMENDATION OF EXECUTIVE DIRECTOR D RECOM N 'TION O ENCY COMMITT
aAOPROVE ❑ OTHER
SIGNATURE(S):
ACTION OF AGE6C /(ONJ, dl�
APPROVED AS RECOMMENDED ❑ OTHER ❑
VOTE OF SUPERVISORS: I HEREBY CERTIFY THAT THIS IS A TRUE AND
CORRECT COPY OF AN ACTION TAKEN AND
UNANIMOUS(ABSENT �,dY1Q,�► ) ENTERED ON THE MINUTES OF THE
REDEVELOPMENT AGENCY ON THE DATE
AYES: NOES:,- SHOWN.
ABSENT: ABSTAIN:
ATTESTED
Contact: MaureenToms (335-1250)
JOHN SWEETEN,AGENCY SECRETARY
cc: CAO
County Counsel
Redevelopment Agency
By: Deputy