1983-0816_BANK OF AMERICA_J3a_Item MinutesDIRECTOR OF COMMUNITY PLANNING AND DEVELOPMENT
PROVAL OF AGREEMENT FOR HOME IMPROVEMENT PROGRAid -
C DTnQ TROT fMTTTV /V TMDUTO• \ 1"0_4AZ01
(85) Written Communications:
(�&9) Report dated August 16, 1983, from the Director of Community
,(23) Planning and Development, forwarding an agreement with. the
Bank of America to enter into the revoivina fund loan
program to provide low-interest loans to rehabilitate and
restore dwellings in the Los Rios area. A previous
agreement with Security Pacific National Bank to administer
an interest subsidy loan program for Los Rios area residents
had expired.
Approval of Agreement:
It was moved by Councilman Hausdorfer, seconded by
Councilman Buchheim and unanimously carried to approve the
agreement with the Bank of America to provide low-interest
loans to the Los Rios community and to authorize the Mayor
and City Clerk to execute the agreement on behalf of the
City.