HomeMy WebLinkAboutMINUTES - 06101986 - 1.41 To: BOARD OF SUPERVISORS
FROM: Harvey E. Bragdon Contra
Director of Community Development Costa
DATE: June 2, 1986 C
ourty
SUBJECT: Approval of the Twelfth Year ( 1986-87) Community Development
Block Grant (CDBG) Program Project Agreements; Pacific Com-
munity Services, Inc.
SPECIFIC REQUEST(S) OR RECOMMENDATIONS) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION
Authorize the Chair to approve two Twelfth Year CDBG Program Project
Agreements implementing Activities #12-46 Economic Development with a
payment limit of $36,862. 25 and #12-5 Housing Counseling with a pay-
ment limit of $27 ,600.
FINANCIAL IMPACT
None. (100% HUD Funds)
BACKGROUND
1 . The Economic Development Program provides for a revolving loan
fund to make 5 - 10% loans in the form of bridge financing to
augment Small Business Administration loans and private financing
for small businesses creating jobs for low - moderate income peo-
ple.
2. Pacific Community Services, Inc. provides a housing counseling
program serving residents of Supervisorial District V with direct
services to low and moderate income persons and households rela-
tive to landlord - tenant relations, fair housing, mortgage de-
fault and delinquency counseling and referral services.
CONTINUED ON ATTACHMENT: ` YES SIGNATURE'
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMME D ION I 40AYCOMMITTEE
APPROVE OTHER
SIGNATURE J S :
ACTION OF BOARD ON APPROVED AS RECOMMENDED X OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A TRUE
Jl UNANIMOUS (ABSENT AND CORRECT COPY OF AN ACTION TAKEN
AYES: NOES. AND ENTERED ON THE MINUTES OF THE BOARD
ABSENT: ABSTAIN: OF SUPERVISORS ON THE DATE SHOWN. /
cc: Community.Development ATTESTED _
County Administrators Office
PHI BATCHELOR, CLERK OF THE BOARD OF
County Counsel SUPERVISORS AND COUNTY ADMINISTRATOR
Auditor-Controller (B. Dreyer)
Contractor
M382/7-83 BY DEPUTY