HomeMy WebLinkAboutMINUTES - 05011984 - 1.43 TO: BOARD, OF SUPERVISORS +
FROM: Anthony A. Dehaesus Contra
Director of Planning Costa
DATE: April 18, 1984 County
SUBJECT: Feasibility Consultant for the 1984 Home Mortgage Finance Program
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION
Retain Land Economics Group as Feasibility Consultant for the 1984 Home Mortgage
Finance Program, and authorize the Chairman to execute a contract for said services.
BACKGROUND
It is the function of the feasibility analyst in a single family mortgage revenue bond
program to: 1) Analyze and provide an opinion on the condition of the local housing
market, and, 2) analyze projects proposed for the financing. The rating agencies look to
the feasibility report to assess the security of the bond issue from the standpoint of
housing demand.
Three consultants acceptable to the rating agencies were requested to submit proposals
for feasibility work. Land Economics Group submitted the lowest bid at $8,000 plus
expenses. Funds for payment will ultimately come from the proceeds of the bond sale or
from developer contributions.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATORRE M ENDATION O BOARD COMM11ITTEE
APPROVE OTHER
SIGNATURES) L C
ACTION OF BOARD ON APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS
�1 UNANIMOUS (ABSENT � ) I HEREBY CERTIFY THAT THIS IS"A TRUE
AYES: NOES: AND CORRECT COPY OF AN ACTION TAKEN
ABSENT: ABSTAIN: AND ENTERED ON THE MINUTES OF THE BOARD
OF SUPERVISORS ON THE DATE SHOWN.
CC: County Administrator ATTESTED
Planning Department J.R. OLSSO , CO NTY CLERK
Auditor-Controller AND EX OFFICIO CLERK OF THE BOARD
Contractor/via Planning � 00
,.A
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M382/7-83 MIN BY DEPUTY