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HomeMy WebLinkAboutMINUTES - 06221993 - 1.97 a. Contra Costa TO: BOARD OF SUPERVISORS County J� FROM: Harvey E. Bragdon Director of Community Development DATE: June 22, 1993 SUBJECT: Approval of CDBG Project Agreement 19-65 for Pittsburg Senior Housing Project SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION RECOMMENDATIONS Authorize the Director of Community Development or his designee to: 1) enter into a Project Agreement with the Housing Authority of the County of Contra Costa providing $30,000 in CDBG funds to be used for predevelopment expenses for the Pittsburg Senior Housing Project; and 2) execute loan documents with the Housing Authority for this purpose. FISCAL IMPACT No General Funds are involved. Funds .for this project were approved from the County's FY 1991-92 Community Development Block Grant (CDBG) allocation. BACKGROUND/REASONS FOR RECOMMENDATIONS The Board of Supervisors previously approved $30,000 in FY 1991-92 CDBG funds to cover predevelopment expenditures for a new senior CONTINUED ON ATTACHMENT: YES SIGNATURE: RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMEND OF BO D COMMI EE APPROVE OTHER SIGNATURE(S) : ACTION OF BOARD ON 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. Contact: Kathleen Hamm 646-4208 ATTESTED cc: County Administrator PHITY BATCHELOR; CLERK OF County Counsel TH BOARD OF SUPERVISORS Auditor-Controller (N. Garnett) COUNTYADMINISTRATOR Community Developments/ Housing Authority BY DEPUTY File housing project to be located on property owned by the Housing Authority at the end of Chester Street in Pittsburg. CDBG'funds will be used for the following: 1 . project feasibility study; ` .2 . preparation of preliminary site and building plans; 3 . traffic study; and 4 . preparation of an application for funding through the U.S. Department of Housing and Urban Development Section 202 Supportive Housing for the Elderly Program. As proposed, the Pittsburg Senior Housing Project will provide 54 units of very-low and low income housing occupied by and affordable to elderly households . Assuming the project is successful in obtaining Section 202 funds, construction is expected to begin in 1994 . The CDBG funds will be provided in the form of a 40-year, zero- interest deferred loan, forgivable in 40-years or in the event that the project proves to be infeasible. In addition to the Project Agreement, the County will enter into a Promissory Note and Deed of Trust with the Housing Authority for this project. kh/W Pittsl