HomeMy WebLinkAboutMINUTES - 04241990 - 1.69 1-069
TO: REDEVELOPMENT AGENCY ;, f Com^ tra
Costa
FROM: Harvey E. Bragdon
County
Director of Community Development
DATE: April 4 , 1990
SUBJECT: Authorize the Executive Director or his Designees to Execute a
Community Development Block Grant Program Project Agreement with the
County of Contra Costa
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
Authorize the Executive Director or his Designee to execute a
Community Development Block Grant Program Project Agreement with
the County of Contra Costa for project 16-43 ; North Richmond
Housing Assistance Program with a payment limit of $130,282 . 31.
FISCAL IMPACT
None. ( 100% HUD funds)
BACKGROUND/REASONS FOR RECOMMENDATIONS
The Redevelopment Agency has contracted with a local non-profit
organization to provide secondary financing to facilitate the
purchase of affordable housing by lower income households in the
North Richmond area. The housing is being developed by a private
developer pursuant to a Disposition and Development Agreement with
the County Redevelopment Agency. The Disposition and Development
Agreement approved by the Agency contemplates the provision of this
affordable housing assistance.
CONTINUED ON ATTACHMENT: YES SIGNATURE-
-
_ RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDA OF COMMITTEE
APPROVE OTHER
SIGNATURE(S) :
ACTION OF BOARD ON April 24 . 1990 APPROVED AS RECOMMENDED x OTHER _
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A
X UNANIMOUS (ABSENT IJ ) 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 April 24 , 1990
County Counsel PHIL BATCHELOR, CLERK OF
CAO THE BOARD OF SUPERVISORS
Redevelopment AgencyQ� CO DMINISTRATOR
Auditor-Controller (I
IV O
BY , DEPUTY
se4/redev58.bos