HomeMy WebLinkAboutMINUTES - 04231985 - 1.66 TO: REDEVELOPMENT AGENCY }+
FROM: Ph i. l Batchelor Contra
Executive Director Costa
DATE: April 5 , 19"85 C"rty
SUBJECT: Legislation : Senate 'B_i I 1 828,
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION
Adopt a position in support of Senate B-ill 828 by Senator Marks
extending th.e sunset date allowing large redevelopment agencies
to finance affordable housing outside project areas .
FINANCIAL IMPACT
No direct impact . Provides financing alternatives for affordable
multi -family housing .
REASON FOR RECOMMENDATION/B.ACKGROUND
Current Redevelopment Law contains authority for large redevelopment
., agencies to finance affordable multi -family - housing outside of their
`adopted .project areas . The Contra Costa County Redevelopment Agency
�,fis one of 12 such. agencies with a population of over 600 ,000 within
its jurisdiction , which has authority .
These provisions will expire on January 1 , 1986, unless extended .
Senate Bill 828 provides for an extension until January 1 , 1988 .
Although. the Agency has not used these provisions in the past , the
legislation provides a powerful alternative which may be lost with-
out support of this bill .
CONTINUED ON ATTACHMENT: YES SIGNATURE:
RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATION OF AGENCY CO ITTEE
X APPROVE OTHER
SIGNATURE(S)
ACTION OF AGENCY ON APPROVED AS RECOMMENDED OTHER
VOTE OF COMMISSIONERS
4— 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 REDEVELOP-
MENT AGENCY ON THE DATE SHOWN.
CC: County Administrator ATTESTED ,
Redevelopment Agericy PHIL BATCHELOR, AGENCY SECRETARY
Planning
Housing Authority
CSAC /
M3e2/7-83 Audi tor-Contro I I er BY ( _ DEPUTY