HomeMy WebLinkAboutRS01-Economic Development Agency
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DEVELOPMENT DEPARTMENT
OF THE CITY OF SAN BERNARDINO
ECONOMIC DEVELOPMENT AGENCY
REOUEST FOR COMM1.'lSION/COllNCIL ACTION
FROM: KENNE1H J. HENDERSON
Executive Director
SUBJECT:
HUDSEC110NI08.LOAN
PROGRAM. 40TH STREET
SHOPPING CENTER
DAlE: October 13, 1994
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Synoosis of Previous Comml!li.cBon/CouncillCommittee Action{ s):
None.
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Recommended Motion(lII):
CMavor and Common Coundl)
MOTION: That the Mayor and Common Council set Thursday, October 27, 1994, at 9:00 a.m., in the City Council
Chambers as the date, time and place to hold a Public Hearing to meet the citizen participation
requirements established by the Housing of Urban Development (HUD), relative to the filing of a Section
108 Loan Guarantee and grant for the 40th Street Shopping Center.
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KENNETH J. HENDERSON /
Executive Director
Administrstor
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Contact Person(s): Kenneth J. lJPnMrRonlLaura J. Muna_T AMA
Phone:
5081
Project Area(s): N/A
Ward(s):
Four (4)
Supporting Data Attached: Staff R~port
FUNDING REQUIREMENTS: Amount $ N/A
Source:
N/A
Budget Authority: N/A
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Commi~~ion/Council Notes:
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KJH:LJMLhud.cdc
COMMlSSION MEETING AGENDA
MEETING DATE: 10/17/1994
Agenda Item Number: ~
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DEVELOPMENT DEPARTMENT
ECONOMIC DEVELOPMENT AGENCY
STAFF REPORT
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40TH STREET SHOPPING CENTER
On October 11, 1994, the Agency received notification that grant assistance from the U.S.
Department of Housing and Urban Development (HUD) in the amount of $344,000 has-been
approved for the City of San Bernardino relative to the 40th Street Shopping Center
Revitalization Project located on the south west comer of 40th and Waterman Streets. These
funds are to be used in conjunction with another HUD program, the Section 108 Loan Program,
which staff is currently preparing an application for financial assistance. The combination of funds
available from both programs is anticipated to be $2,639,000 which will be used for the
revitalization of the 40th Street Shopping Center.
In order to meet the citizen participation requirements established by HUD, a public hearing must
be held to obtain views and comments from citizens. Due to the narrow timeframe for the
submission of the BUD 108 application to HUD, a public hearing must be held on October 27,
1994 at 9:00 a.m. The Section 108 application must be submitted to HUD by October 30, 1994.
Between the period offirst notification of the grant in October 11,1994 and the October 27,1994
anticipated public hearing, staff will be intensively working with the 40th Street property owners
to obtain their fmancial commitment to service the loan. Receipt of the grant is contingent on
timely submission to HUD and a defmitive acceptable source of the loan repayment.
Based on the foregoing, staff recommends adoption of the form motion.
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KENNETH J. HENDERSON, Execfutive Director
Development Department
KJH:UMLhudcdc
COMMISSION MEETING AGENDA
MEETING DATE: 10/17/1994
Agenda Item Number: ((.$- ~
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DEVELOPMENT DEPARTMENT
OF THE CITY OF SAN BERNARDINO
ECONOMcrC DEVELOPMENT AGENCY
REOUF},T FOR COMMISSION/COUNCn. ACTION
FROM: KENNETH J. HENDERSON
Executive Director
SUBJECf:
ALTERNATIVE FINANCING
OF SAN BERNARDINO
COMMUNITY HOSPITAL
DAlE: October 13, 1994
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SvnoDsis of Previous Commission/Council/Committee Action(s):
On September 6, 1994, the Community Development Commission discussed alternative fmancing for the Community
Hospital project.
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Recommended Motionls):
(Communitv Develooment CommisRion)
(Councilwoman Pqpe-.Ludlam's Recommendation)
MOTION:
That the Community Development Commission discuss and take possible action to confl1'1D/approve
alternate financing for San Bernardino Community Hospital.
A~tor
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KENNETHJ.HENDERSON
Executive Director
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Contact Person(s): KpnflPth J HeMPn:lOn
Phone:
5081
Project Area(s): Northwest
Ward(s):
Six (6)
Supporting Data Attached: Memorandum from CouncilwomAn Po..pe-Ludlam
FUNDING REQUIREMENTS: Amount: $ NIA
N/A
Source:
Budget Authority: N/A
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Commi~4;ion/Council NoteR:
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KJH:comhos.cdc
COMMISSION MEETING AGENDA
MEETING DATE: 10/17/1994
Agenda Item Number: fls ,2,
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OCT-13-'94 T1-lJ 07:46 ID:CD\.JI\I:IL OFFICE
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TEL NO:Sla9-38402
11118 pel
CITY OF SAN BERNARDINO
INTBROFPICB MEMORANDUM
TO:
TImothy C. Steinhaus, Admlnistralor. Economic Development Afp!cy
PROM:
Council Of'fice
SUBJECT: .Apnda Item - Alternate Financing of S.B. Community Hospital
DATE:
COPIBS:
OClOber 13, 1994
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Please place the followlng item on the October 17 Commission Agenda:
FORM )fOTION: To discuss aud take possible action to confirm/approve alternate
ilnllnci11g for San Bernardino Community Hospital.
If possib1c:, the above should be placed on the Closed Session Agenda.
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V ALBRIB POPE-LUDLAM
Councilwoman, Sixth Ward
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