HomeMy WebLinkAboutMINUTES - 05101988 - 1.75 THE REDEVELOPMENT AGENCY OF CONTRA COSTA COUNTY, CALIFORNIA
Adopted this order on, May 10 , 1988 ,by the following vote:
AYES: Conuussioners Powers, Fanden, McPeak, Torlakson and Schroder
NOES: None
ABSENT: None
ABSTAIN: None
Resolution No.' RA 88-7
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Subject: Authorizing the Execution of a Standard Agreement
and any Amendments Thereto with the State of
' California for the Implementation of, and
participation in, the California Homeownership
Assistance Program.
The Contra Costa County Redevelopment Agency is authorized to
apply to the Department of Housing and Community Development for
funding under the California Homeownership Assistance Program
and, pursuant to Sections 50775, et. seq. of the California
Health and Safety Code, the California Department of Housing and
Community Development (hereinafter the "STATE" ) is authorized to
provide funds for the California Homeownership Assistance
Program.
The Contra Costa County Redevelopment Agency, a local public
agency organized under the Statutes of the State of California,
is eligible to receive funds, and the Department of Housing and
Community Development may award the Contra Costa County
Redevelopment Agency a conditional funding commitment under the
California Homeownership Assistance Program.
NOW THEREFORE IT IS HEREBY RESOLVED, that the Contra Costa County
Redevelopment Agency is authorized to enter into an agreement
with the State to accept a financial commitment in the amount not
to exceed one hundred seventy-five thousand dollars ( $175,000. 00)
for purposes of providing homeownership assistance loans for
eligible households.
BE IT FURTHER RESOLVED, that the Executive Director or his
designee is hereby authorized to execute the Standard Agreement
and any amendments on behalf of the Contra Costa County Redevelop-
ment Agency.
'IT IS FURTHER RESOLVED, that -the Contra Costa County Redevelop-
ment Agency is further authorized to request amendments, includ-
ing inceases in loan amounts up to the amounts approved by the
State, and to execute any and all documents required by the State
to evidence and secure these amendments.
I hereby certify that this is a true and correct copy of
an action taken and entered on the minutes of the
Redevelopment Agency on the date shown.
ATTESTED: (y
PHIL�HELOR,Agency Secretary
By
Deputy
Resolution No. RA 88-7
GER:krc
ra23 : 5-10-88.ra1
cc: Redevelopment Agency