HomeMy WebLinkAboutMINUTES - 10282008 - C.107 Contra
TO: REDEVELOPMENT AGENCY/ = _
BOARD OF SUPERVISORS COSta
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FROM: CATHERINE KUTSURIS, DIRECTOR -"- ,: "`¢� CoU ntY
DEPARTMENT OF CONSERVATION AND DEVELOPMENT/
DAVID TWA, EXECUTIVE DIRECTOR
DATE: OCTOBER 28, 2008
SUBJECT: Redevelopment Housing Rehabilitation Loan Program Project Agreement
Amendment
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
RECOMMENDATION:
As the Governing Board of the Redevelopment Agency, APPROVE and AUTHORIZE the
Redevelopment Director to execute an amendment to Project Agreement and Work Program
with. Contra Costa County to include the Redevelopment Project Area in Bay Point and to
increase the payment limit by $1.5 milliion for a new payment limit of $4.5 million, without
change to the term, for implementation of the Redevelopment Housing Rehabilitation Loan
Program.
As the Board of Supervisors, APPROVE and AUTHORIZE the Director, Department of
Conservation and Development, or her designee, to execute an amendment to Project
Agreement and Work Program with. the Contra Costa County Redevelopment Agency to
include the Redevelopment Project Area in Bay Point and to increase the payment limit by
$1.5 million for a new payment limit of $4.5 million, without change to the term, for
implementation of the Redevelopment Housing Rehabilitation Loan Program.
FINANCIAL IMPACT:
None. No General Funds would be utilized. Redevelopment Housing Set-Aside funds from Bay
Point ($1.5 million), Montalvin Manor ($780,000), North Richmond ($500,000); and Rodeo ($1.72
million) will be utilized for the program. .
CONTINUED ON ATTACHMENT: ® YES SIGNATURE: / �U
RECOMMENDATION OF EXECUTIVE DIRECTOR ❑ RECO ME DATION F AGENCY MMITTEE
APPROVE ❑ OTHER
SIGNATURE(S):
ACTION OF AGENCY ON D krr-/ , �C.� ell�
APPROVED AS RECOMMENDED OTHER ❑
VOTE OF COMMISSIONERS/BOARD OF SUPERVISORS: I HEREBY CERTIFY THAT THIS IS A TRUE AND
CORRECT COPY OF AN ACTION TAKEN AND
�O UNANIMOUS(ABSENT ENTERED ON THE MINUTES OF THE
REDEVELOPMENT AGENCY/BOARD OF
AYES: NOES: SUPERVISORS ON THE DATE SHOWN.
ABSENT: ABSTAIN:
ATTESTED
Contact: Gabriel Lemus (335-7229)
DAVID TWA, AGENCY SECRETARY/COUNTY
Orig: Redevelopment Agency ADMINISTRATOR
cc: CAO
County Counsel �-
Conservation and Development By: Deputy
Redevelopment Agency
Building Inspection's—Neighborhood Preservation
BACKGROUND:
On July 8, 2008 the Board of Supervisors/Governing Board of the Redevelopment Agency
approved a Project Agreement and Work Program between the Department of
Conservation and Development and the Contra Costa County Redevelopment Agency for
the implementation of a Redevelopment Housing Rehabilitation Loan Program for the
Redevelopment Project Areas in Montalvin Manor, North Richmond; and Rodeo. At that
time, due to other project area priorities, the Redevelopment Project Area in Bay Point did
not have funds budgeted for the prospective program.
On July 9, 2008, the Bay Point Project Area Committee recommended appropriating $1.5
million of the Bay Point Redevelopment budget towards the Redevelopment Housing
Rehabilitation Loan Program for the Redevelopment Project Area in Bay Point.