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TO: . BOARD OF SUPERVISORS Co La
FROM: Harvey E. Bragdon coirty
Director of Community Development
DATE: May 9, 1989
SUBJECT: Approval of the 1989-90 Community Development Block Grant (CDBG)
Program Project Agreement; Pittsburg Economic Housing Development
Corporation
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
Authorize the Chair to approve the 1989-90 CDBG program project
agreement with Pittsburg Economic Housing Development Corporation,
implementing activity #15-14 Loan Marketing and Packaging with a
payment limit of $142,773. 34. $35,000 of these funds have been
allocated from 1989-90 grant funds and $107 ,773 .34 funds carried
over from the 1988-89 grant allocation.
FISCAL IMPACT
None ( 100% HUD Funds)
BACKGROUND/REASONS FOR RECOMMENDATIONS
This agreement provides funding to cover marketing costs and loan
packaging for 10 loans to create 26 additional new jobs for
low-moderate income people.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATI OF BO COMMI E
APPROVE OTHER
SIGNATURE(S) : i
ACTION OF BOARD ON LIN 6 1989 APPROVED AS REC ED' _X OTHER —
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A
UNANIMOUS (ABSENT ) TRUE AND CORRECT COPY OF AN
AYES: NOES: ACTION TAKEN AND ENTERED ON THE
ABSENT: ABSTAIN: MINUTES OF THE BOARD OF
SUPERVISORS ON THE DATE SHOWN.
cc: Community Development ATTESTED JUN 6 7989
CAO (via Risk Mgmt. ) PHIL BATCHELOR, CLERK OF
County Counsel THE BOARD OF SUPERVISORS
Auditor (c/o Nona) AND COUNTY ADMINISTRATOR
Contractor
BY � /�2�C.eGd' , DEPUTY
SE/RT/cg
cd4/pehdc.bo