HomeMy WebLinkAboutMINUTES - 04242001 - C.124 TO: BOARD OF SUPERVISORS Contra
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FROM: Dennis M. Barry, AICP ` Costa
Community Development Director °' . e"i'^ ;
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DATE: April 10, 2001 °°s'A�oUx�`� County
SUBJECT: Consultant Services for Mortgage Credit Certificate Program Administration
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
RECOMMENDATION:
APPROVE and AUTHORIZE the Deputy Director — Redevelopment to amend the current
contract with Anderson and Associates to increase the current payment limit by $2,350, for a
total payment limit not to exceed $52,650.
FISCAL IMPACT:
None. All costs incurred are recovered through fees charged to participants.
BACKGROUND:
Federal Law authorizes the provision of mortgage assistance to income eligible first time
homebuyers through the issuance of a Mortgage Credit Certificate (MCC). The first time
homebuyer who receives the MCC qualifies for a federal tax credit. The net result to the
homebuyer is to lower the interest of their mortgage. The homebuyer uses the MCC with
conventional market rate mortgages.
Amending this contract amount will permit final payment to the consultant for program
administration services.
CINUED
ONT ON ATTACHMENT: Y 6 SIGNATURE: 6ttAk.�� v C/V vc P
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION N OF BOAR OMMITTEE
`APPROVE OTHER
SIGNATURE(S):
--------------------- '--_ =-------- --------------------------- - --
ACTION OF B RD N APPROVE AS RECOMMENDED X OTHER
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VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A TRUE
AND CORRECT COPY OF AN ACTION TAKEN
UNANIMOUS(ABSENT ) AND ENTERED ON THE MINUTES OF THE
BOARD OF SUPERVISORS ON THE DATE
AYES: NOES: SHOWN.
ABSENT: ABSTAIN: /f�'1 _ r r/
ATTESTED ( . 1�.� C9`I
CONTACT: Jim Kennedy 335-1255 JOHN SWEETEN,CLERK OF THE
CC: County Administrator BOARD OF SUPERVISPORS AND
County Counsel COUNTY ADMINISTRATOR
Community Development
Redevelopment Agency
via Redevelopment Agency
Janet Anderson BYA��?A//4'Zk4&UTY,
J K:Ihb10120011anderson.bos