HomeMy WebLinkAboutMINUTES - 04261988 - 1.44 . '044
TO: BOARD OF SUPERVISORS
FROM: Harvey E. Bragdon ' ntra
Director of Community Development Costa
DATE: April 13 , 1988 County
SUBJECT: Approval of the 1988-89 Community Development Block Grant (CDBG)
Program Project Agreement; Eden Council for Hope and Opportunity, Inc.
(ECHO)
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
Authorize the Chair to approve the 1988-89 CDBG program project
agreement with ECHO implementing Activity #14-9 Reverse Annuity
Mortgage Program with a payment limit of $21,199. 91 comprised of
$20 ,000reoom, ���12§8-89 Grant and $1 ,199 . 91 carried over from
Program
FISCAL IMPACT
None ( 100% HUD Funds)
BACKGROUND/REASONS FOR RECOMMENDATIONS
ECHO provides reverse annuity mortgage counseling to low a d
moderate income clients in the County whereby seniors may onvert
their equity into an annuity and still remain in their h e
CONTINUED ON ATTACHMENT: YES SIGNATURE-
RECOMMENDATION
IGNATURERECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMEND I OF AOAFD COMMITTEE
APPROVE OTHER
SIGNATURE(S) :
ACTION OF BOARD ON APR 6 1988 APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A
UNANIMOUS (ABSENT fZ-" ) 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
APR 2 6 1988
County Administrators Office PHIL BATCHELOR, CLERK OF
County Counsel THE BOARD OF SUPERVISORS
Auditor (c/o Nona) AND COUNTY ADMINISTRATOR
Contractor /� ��
BY G DEPUTY
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lbos/14-9.bos