1989/09/26 Community Development Agency Minutes COMMUNITY DEVELOPMENT AGENCY OF THE CITY OF ROHNERT PARK MINUTES
September 26, 1989
The Members of the Community Development Agency of the City of
Rohnert Park met this date immediately after the City Council
meeting at approximately 9:40 p.m. in the City Offices, 6750
Commerce Boulevard, Rohnert Park, with Chairman Cochran presiding.
Call to Order Chairman Cochran called the meeting of the Community Development
Agency of the City of Rohnert Park to order at approximately
9:40 p.m.
Roll Call Present: (5) Agency Members Eck, Hollingsworth, Hopkins, Spiro
and Chairman Cochran.
Absent: (0) None.
Staff present for all of part of the meeting: City Manager
Pro-Tempore Netter, City Attorney Flitner, Director of Public
Works/City Engineer Brust, Assistant to the City Manager Leivo,
and Recreation Director Pekkain.
Approval of Minutes Upon motion by Agency Member Hopkins, seconded by Agency Member
Spiro, and unanimously approved, the minutes of June 27, 1989 were
approved as submitted.
Approval of Bills Upon motion by Agency Member Hopkins, seconded by Agency Member
Spiro, and unanimously approved, the bills presented per attached
list in the amount of $29,332.22 were approved.
Acknowledging The Executive Director/Secretary's report on the posting of the
Executive Director/ agenda was acknowledged.
Cecretary"s Report
Unscheduled Public Chairman Cochran stated that in compliance with State Law, (The
Appearances Brown Act) , anyone in the audience who wished to make a comment
may do so at this time. No one responded.
Housing Rehab.Loan City Manager Pro-Tempore Netter outlined the history of the
Program Community Development Agency Low to Moderate Income Housing Fund
and distributed to Agency members copies of a summary and budget
for the Low to Moderate Income Housing Funds Housing
Rehabilitation Loan Program.
Discussion followed regarding the contract with the Sonoma County
Community Development Commission, the amount of funds required for
contract year 1989-90, the number of loans processed in 1988-89
and the number of loans projected for 1989-90. It was agreed by
the Sonoma County Community Development Commission that twenty
seven (27) loans could be processed in any given year and that to
process 27 loans, a contract fee of $47,700 would be necessary for
contract year 1989-90.
COMMUNITY DEVELOPMENT AGENCY OF THE CITY OF ROHNERT PARK MINUTES
(2) September 26, 1989
Discussion followed regarding justification of additional fun
for salaries for 1989-90 as well as details of the extensi
administrative procedures involved to administer the progra.
Chaney A. Delaire, Community Development Manager of the Sonia
County Community Development Commission was recognized al
responded to questions from Agency members generated from tl
above discussion. It was agreed that a breakdown of a typic,
loan would be provided to the Agency members giving the comple.
detail of the time involved from beginning to end in order for tl
Agency members to become familiar with the complete process.
Resolution No. RESOLUTION AUTHORIZING THE EXECUTIVE DIRECTOR TO EXTE!
89-06 AGREEMENT TO PROVIDE CERTAIN ADMINISTRATIVE SERVICES FOR T1
COMMUNITY DEVELOPMENT AGENCY OF THE CITY OF ROHNERT PARK FOR
HOUSING REHABILITATION PROGRAM FROM SEPTEMBER 30, 1989 1
SEPTEMBER 30, 1990
Upon motion by Agency Member Hollingsworth, seconded by Agenc
Member Spiro, and unanimously approved, Resolution No. 89-C
was adopted.
Agency concurred to include in the Community Development Agenc
Low to Moderate Income Housing Fund 1989-90 Budget an esti
mated amount of $815,000 to support the twenty seven (27
projected loans.
Misc.Staff Reports None.
Matters from None.
Agency Members
Adjournment There being no further business, Chairman Cochran adjourned the
meeting at approximately 9:59 p.m.
"le
Dep t Se tary Chairman
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Community Development Agency of the City of Rohnert Park
Low to Moderate Income Housing Fund
SOURCES:
Beginning Balance (Bond Proceeds) $1,514, 164
Accrued interest to date 33,000
Funds available $1,547,164
USES:
Eleven (11) loans approved 1988-89 $ <330,000>
Administration - 1988-89 <28, 500>
Balance of funds available $1, 188 ,664
*Sixteen (16) loans in process 1989-90 $ <480,000>
*Estimated Administrative costs 1989-90 <47, 700>
Estimated balance $ 660.964
Escrow Funds Available (20% of $3,485 ,000.00) $ 697,000
(Can't be used until Excrow Funds released)
Estimated balance/with Escrow Funds $1,357, 964
* County Administration could handle an additional eleven (11) loans
at an additional amount of $330,000.00 for contract year 1989-90.