File #: 02-00568    Version:
Type: Agenda Item Status: Passed
File created: 5/20/2002 In control: BOARD OF SUPERVISORS
On agenda: 6/4/2002 Final action: 6/4/2002
Title: Consider recommendations regarding the Los Adobes de Maria II loan documents, located at 616 and 700 South Blosser Road, Santa Maria, Fifth District, as follows: a) Approve the commitment of $377,573 in HOME funds to Peoples' Self-Help Housing Corporation (PSHHC), a County-designated Community Housing Development Organization, for the land acquisition and project soft costs for the Los Adobes de Maria II farmworker apartments; b) Authorize the Treasurer-Tax Collector to execute a Loan Agreement in the amount of $423,288 (incorporating a previously executed $45,715 Predevelopment Loan) and a Regulatory Agreement in substantially the forms included as Attachment A of the Board Letter dated June 4, 2002; c) Find that the Mitigated Negative Declaration prepared for the project by the City of Santa Maria has been considered and adequately addresses the environmental impacts of the project.
Sponsors: TREASURER-TAX COLLECTOR-PUBLIC ADMINISTRATOR
Attachments: 1. Board Letter
Title
Consider recommendations regarding the Los Adobes de Maria II loan documents, located at 616 and 700 South Blosser Road, Santa Maria, Fifth District, as follows:
 
a)  Approve the commitment of $377,573 in HOME funds to Peoples' Self-Help Housing Corporation (PSHHC), a County-designated Community Housing Development Organization, for the land acquisition and project soft costs for the Los Adobes de Maria II farmworker apartments;
 
b)  Authorize the Treasurer-Tax Collector to execute a Loan Agreement  in the amount of $423,288 (incorporating a previously executed $45,715 Predevelopment Loan) and a Regulatory Agreement in substantially the forms included as Attachment A of the Board Letter dated June 4, 2002;
 
c)  Find that the Mitigated Negative Declaration prepared for the project by the City of Santa Maria has been considered and adequately addresses the environmental impacts of the project.
Body
[Enter body here.]