HomeMy WebLinkAboutMINUTES - 04241990 - 1.49 -1-049
Contra
Xtra
TO: BOARD OF SUPERVISORS `✓Wla
FROM: Harvey E. Bragdon �os;q.� .�; County
Director of Community Development
DATE: April 4 , 1990
SUBJECT: Approval of the Community Development Block Grant (CDBG) Program
Project Agreement; Redevelopment Agency of Contra Costa County
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
Authorize the Chair also serving as Executive Director of the
Redevelopment Agency to Execute the CDBG Program Project agreement
with the Redevelopment Agency implementing Activity 16-43 North
Richmond Housing Assistance with a payment limit of $130,282. 31
comprised of $69,000 allocated from CDBG Contingency and $61,2.82. 31
carried over from the 1988-89 program year.
FISCAL IMPACT
None ( 100% HUD Funds)
BACKGROUND/REASONS FOR RECOMMENDATIONS
A Local Development Corporation (LDC) through a contract with the
Redevelopment Agency will provide financial assistance to lower
income home buyers in the form of 0% deferred secondary loans.
CONTINUED ON ATTACHMENT: YES SIGNATURE: - -
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDAT OFCOMMITTEE
APPROVE OTHER
SIGNATURE(S) :
ACTION OF BOARD ON APR 24 199U APPROVED AS RECOMMENDED x' OTHER
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.
cc: Community Development ATTESTED APR 2 4 1990
CAO (via Risk Management) PHIL BATCHELOR, CLERK OF
Auditor (c/o Nona) THE BOARD OF SUPERVISORS
County Counsel AND COUNTY ADMINISTRATOR
Contractor
BY �jj,�� ���P DEPUTY
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