HomeMy WebLinkAboutMINUTES - 03211989 - 1.61 THE BOARD OF COMMISSIONERS, HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA
RESOLUTION NO.. 3557
AUTHORIZING EXECUTION OF OPERATING AGREEMENT
WITH SECURITY PACIFIC NATIONAL BANK
FOR PACKAGE 1 FINANCIAL ASSISTANCE UNDER
RENTAL REHABILITATION PROGRAM FOR PRIVATELY OWNED PROPERTIES
WHEREAS the Board of Commissioners of the Housing Authority of the County
of Contra Costa desires to continue to supply decent, safe and
sanitary affordable rental housing to low and moderate income
families; and,
WHEREAS, the Housing Authority of the County of Contra Costa, in tandem
with Contra Costa County, sponsores an ongoing program for Rental
Rehabilitation of Privately Owned Properties; and,
WHEREAS, the Program offers financial assistance in the form of "bankable"
low interest loans; and,
WHEREAS, Security Pacific National Bank is a commerical lender with an
inplace program specifically designed to operate in conjunction
with public agencies operating Housing Rehabilitation Programs;
and,
WHEREAS, the Housing Authority and Security Pacific National Bank have had
an operating ageement which the Housing Authority wishes to
continue:
NOW, THEREFORE, BE IT RESOLVED that the Board of Commissioners of the
Housing Authority of the County of Contra Costa does hereby
approve the Operating Agreement between the Housing Authority and
Security Pacific National Bank and does hereby authorize the
Executive Director to execute said Operating Agreement on behalf
of the Housing Authority of the County of Contra Costa.
This Resolution is to become effective immediately.
PASSED ON March 21, 1989 by the following vote of the Commissioners:
AYES: Commissioner Powers , Fanden, McPeak, Schroder.
Torlakson .
NOES: None .
1 hereby.cert,ly that this is a true and correct copy of
ABSENT: None . an action taken ,nd entered or the minutes of the
Board of Supervis as on the date shown.
ABSTAIN: None . ATTESTED: ��
'PHIL BATCHELOR, Clerk of t e Board
of Supervisors and County Administrator
cc : County Administrator By -�'-' '—�'� �� Deputy
County Counsel
Housing Authority