HomeMy WebLinkAboutMINUTES - 04071992 - 1.128 �. o 8
Contra
Costa
TO: BOARD OF SUPERVISORS
FROM: Harvey E. Bragdon �( '� County
Director of Community Development
DATE: April 7, 1992
SUBJECT: Amendment to Loan Agreements with the Contra Costa Centre Association
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
Approve second amendment to Reimbursement and Loan Agreement and
second amendment to Promissory Note between the County of Contra Costa
and the Contra Costa Centre Association; and authorize the Chair to
execute said amendments.
FISCAL IMPACT
No General Funds are involved. The loan consisted of assessment
district proceeds.
BACKGROUND/REASONS FOR RECOMMENDATIONS
On April 8, 1986 the County and the Contra Costa Centre Association,
a non-profit corporation consisting of the property owners at the
Pleasant Hill BART Station, entered into a Reimbursement and Loan
Agreement. The Agreement provided for the loan of $77, 000 from the
County to the Association for costs associated with the establishment
of a TSM and Child Care program within the Pleasant Hill BART Station
Area. The Association has requested that the County grant an
extension on the repayment of the loan, the amendment to the
Reimbursement and Loan Agreement and the amendment to the Promissory
Note would permit an extension on the repayment to 194.
CONTINUED ON ATTACHMENT: YES SIGNATURE: /
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATI N., OF BO D COMMITTE
APPROVE OTHER
i
SIGNATURE(S) :
ACTION OF BOARD ON APPROVED AS RECOMMENDED X 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
Redevelopment Agency ATTESTED am4z � 'go-
CAO PHIL 9ATCHELOR, CLERK OF
County Counsel THE BOARD OF SUPERVISORS
Auditor-Controller AND COUNTY ADMINISTRATOR
CC Centre Association
SRA23/cntrloan.bos BY ��,PGtJ� , DEPUTY