1984-0821_BANK OF AMERICA_J2d_Item Minutes0
4. APPROVAL OF CONTRACT RENEWAL - BANK OF AMERICA, PROPERTY
REHABILITATION LOAN PROGRAM FOR LOS RIOS 38-#438
38) Written Communications:
(85) Report dated August 21, 1984, from the Director of Community
Planning and Development, recommending that the Housing
Rehabilitation Loan Program Agreement with the Bank of
America be renewed for a one-year period. The City has
maintained the Program with the Bank of America for the Los
Rios Area for one year using County -administered Housing and
Community Development Block Grant Funds. The City will
absorb all administrative costs; all other costs will be
charged to the Redevelopment Agency.
Approval of Contract:
It was moved by Councilman Schwartze, seconded by Councilman
Buchheim, and unanimously carried to approve the renewal of
the Property Rehabilitation Loan Agreement with the Bank of
America for one year, ending August 1, 1985. The Mayor and
City Clerk were authorized to execute the document on behalf
of the City.
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