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TO: BOARD OF SUPERVISORS
FROM: Phil Batchelor Contra
County Administrator
Costa
DATE' April 14, 1987 County
SUBJECT:
County
Legislation: Senate Bill 285 (Russell)
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION•
Adopt a position of support for SB 285 by Senator Russell which
would increase the value of a home or mobilehome which can be
financed by the "Cal-Vet" program.
BACKGROUND:
Under current law, the maximum amount that can be financed under
the "Cal-Vet" program is $75,000 for a home; $75,000 for a
mobilehome to be installed on a foundation on the purchaser' s
property, or $55, 000 for a mobilehome to be placed in a
mobilehome park.
SB 285 would increase these amounts to $90,000 for a home;
$90,000 for a mobilehome to be installed on a foundation on the
purchaser' s property, and $70,000 for a mobilehome to be placed
in a mobilehome park.
The current values were approved in legislation which became
effective June 29, 1983 (Chapter 146, Statutes of 1983 ) . In view
of the . impact of inflation over the past four years, and
particularly the cost of real estate, it seems only reasonable to
increase these maximum values in order to make a somewhat broader
portion of the home market available to veterans who finance
their homes under the "Cal-Vet" program. The Veterans Service
Officer recommends support for SB 285 and this office concurs
with that recommendation.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
X RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
X APPROVE _ OTHER
S 1 GNATURE(S I: &W& kzzw
ACTION OF BOARD ON April 21 , 1987 APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A TRUE
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: County Administrator ATTESTED APR 2 1 1987
Veterans Service Officer -
Jackson/garish & .Associates PHIL BATCHELOR, CLERK OF THE BOARD OF
D. J. Smith Associates SUPERVISORS AND COUNTY ADMINISTRATOR
Senator Newton Russell
M382/7-83 BY ,DEPUTY