HomeMy WebLinkAboutMINUTES - 02062001 - C.62 FE
TO: BOARD OF SUPERVISORS Contra
FROM: Dennis M. BarryAICP Costa
CommunityDevelopment Director 'P.�.K� County
DATE: February 6, 2001
SUBJECT: Legal Services Contract Amendment for CDBG and HOME Programs
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
APPROVE and AUTHORIZE the Deputy Director,Redevelopment or his designee to amend the current
legal services contract with Goldfarb and Lipman to increase the payment limit from a maximum of
$30,000 to $46,000.
FISCAL IMPACT
No General Fund impact. HOME and CDBG funds are provided to the County on a formula allocation
basis through the U.S. Department of Housing and Urban Development(HUD).The additional $16,000
in funds will come from administrative funds currently allocated to each program($8,000 from'CDBG
and $8,000 from HOME).
BACKGROUND/REASONS FOR RECOMMENDATIONS
Contra Costa County receives an annual allocation of approximately $5 million in federal CDBG and
HOME funds for use in developing housing affordable to lower income households in the County.
Typically, the County's funds are provided as part of a structured financing with dee s of trust and
CONTINUED ON ATTACHMENT: X YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR _ IkECO NDATION OFABOARD
COMMITTEE
_ZAPPROVE _OTHER
i
SIGNATURE(S):
ACTION OF BO ON !'�brc� r� �n� acro/ APPROVED AS RECOMMENDED 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.
Contact: Kathleen K. Hamm (925) 335-1257 ATTESTED �,�j�cc
Orig/cc: Community Development Dept. PHIL BATC ELOR, CLERK OF
cc: County Administrator THE BOARD OF SUPERVISORS
County Counsel AND COUNTY ADMINISTRATOR
Goldfarb and Lipman via CDD
BY'• �'3� c-cam o , DEPUTY
specific affordability and use restrictions incorporated into loan and regulatory agreements. In addition,
approximately $500,000 in CDBG funds is used for economic development projects which involve
structured financings.The law firm of Goldfarb and Lipman provides the County with legal assistance in
negotiating loan terms and preparing the required legal documents.
A higher level of activity has occurred this year, which has depleted the original $30,000 contract
amount with Goldfarb and Lipman. The proposed amendment to increase the maximum payment limit
under the contract by$16,000 to a maximum of$46,000 will be adequate to ensure the provision of legal
services required to meet the needs of the CDBG and HOME programs through the remainder of this
fiscal year.
kkh/wBOS-GFBudget