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HomeMy WebLinkAboutMINUTES - 07121988 - 1.73 TO: BOARD OF SUPERVISORS FROM: Harvey E. Bragdon } Director of Community Development, ra DATE: June 21, 1988 Costa County SUBJECT: . Approval of the 1988-89 Community Development Block Grant (CDBG) Program Project Agreement; Pacific Community. Services, Inc. SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION 1 RECOMMENDATIONS Authorize the Chair . to approve the 1988-89 CDBG program project agreement with Pacific Community Services, Inc. , implementing activity #14-59 Loan Marketing and Packaging with a payment limit of $93 ,591.79 . $35 ,000 of these funds have been allocated from 1988-89 grant funds . and $58, 591.79 funds carried over from the 1987-88 grant allocations. 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 obs or low-moderate income people. CONTINUED ON ATTACHMENT: YES SIGNA RECOMMENDATION OF COUNTY ADMINISTRATOR RECO ATNOF O COMMITTEE APPROVE OTHER SIGNATURE(S) : ACTION OF BOARD ON APPROVED AS RECOMMENDED >< OTHER r' �1 \ VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A X 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. 1 cc: Community Development ATTESTED JUL 2 1988 CAO (via Risk Mgmt. ) PHIL BATCHELOR, CLERK OF County Counsel. THE BOARD OF SUPERVISORS Auditor (c/o Nona) AND COUNTY ADMINISTRATOR Contractor BY (f DEPUTY SE/RT/cg cd4/pacom2 .bo