HomeMy WebLinkAboutMINUTES - 05091989 - 1.51 TO: BOARD OF SUPERVISORS +
FROM: Harvey E. Bragdon Ccltra
Director of Community Development Carta
DATE: April 11, 1989 County
SUBJECT: Approval of the 1989-90 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 1989-90 CDBG program project
agreement with ECHO implementing Activity #15-26 Reverse Annuity
Mortgage Program with. a payment limit of $18,000.
FISCAL IMPACT
None ( 100% HUD Funds)
BACKGROUND/REASONS FOR RECOMMENDATIONS
ECHO provides reverse annuity mortgage counseling to low and
moderate income clients in the County whereby seniors may convert
their equity into an annuity and still remain in their homes.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
4y
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMEND&IOW OF ARD COMMITTEE
APPROVE OTHER
SIGNATURE(S) :
ACTION OF BOARD ON MAY 9 1989 APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A
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.
cc: Community Development ATTESTED MAY 9 1989
County Administrators Office PHIL BATCHELOR; CLERK OF
County Counsel THE BOARD OF SUPERVISORS
Auditor (c/o Nona) AND COUNTY ADMINISTRATOR
Contractor
BY , DEPUTY
SE/cg
csel/echoproj .bo