HomeMy WebLinkAboutMINUTES - 05221990 - 1.7 (2) 1-070
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TO: BOARD OF SUPERVISORS Contra
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FROM: Harvey E. Bragdon
Director of Community Development ' . County
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DATE: May 29, 1990
SUBJECT: Approval of the 1990-91 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 1990-91 CDBG program project
agreement with ECHO implementing Activity #16-21 Reverse Annuity
Mortgage Program with a payment limit of $16,000.
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:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF. BOARD COMMITTEE
APPROVE OTHER
SIGNATURE(S) :
ACTION OF BOARD ON MAY Z 2 199T APPROVED AS RECOMMENDED .OTHER
VOTE O 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 2 2 1990
.County Administrators Office PHIL BATCHELOR, CLERK OF
County. Counsel' THE BOARD OF SUPERVISORS
Auditor (c/o Nona) AND COUNTY ADMINISTRATOR
Contractor
BY DEPUTY
SE/hs
cse3/echo90.bos