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CIT. OF SAN BERNARDhw~ - REQUE- r FOR COUNCIL AC\ .ON
Dept:
Kenneth J. Henderson, Di rector REctO _ A~yt1f.t:I"&J;,OBG R~habil itati on Loan for the
... vt'Hios.panl c Chamber of Commerce
Community Development Department 1987 JAN -8 PN 3: 28
January 8, 1987
From:
Date:
Synopsis of Previous Council action:
November 18, 1985, the Mayor and Common Council considered this item and referred
it to the Ways and Means Committee for review.
December 2, 1985, the Mayor and Common Council adopted resolution #85-503 authorizing
the execution of a grant deed conveyance and setting a joint public hearing and
authorized the sale of property located at 972 N. Mt. Vernon, to the Hispanic Chamber
of Commerce.
On January 20, 1986, the Mayor and Common Council authorized the sale of the building
located at 972 N. Mt. Vernon Ave. to the Hispanic Chamber of Commerce.
On January 5, 1987, the Mayor and Common Council considered a rehabilitation loan to
the Chamber and continued the matter to January 19, 1987.
Recommended motion:
That the consideration of a COSG Rehabilitation Loan for the Hispanic
Chamber of Com~erce be continued to February 2, 1987.
Jl~ c-j~~~
Staff Report
Ward:
X 5065
1
Contact person:
Kenneth J. Henderson, Director
Phone:
Supporting data attached:
FUNDING REQUIREMENTS:
Amount: $81 ,000.00
Source: (ACCT. NO.)
(ACCT. DESCRIPTION)
Finance:
Council Nottl..:
AQenda I tern No.
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CIT-" OF SAN BERNARDI" ~O - REQUF 'T FOR COUNCIL AC't ~N
STAFF REPORT
At the January 5, 1987 meeting of the Mayor and Common Council, a CDBG
rehabilitation loan for the Hispanic Chamber of Commerce building was
considered. Based upon concerns expressed by members of the Council
relating to the amount, type and terms of the loan, the Council continued
the matter to January 19, 1987.
Also noted as a concern was the absence of a minute action by the Hispanic
Chamber of Commerce Board authorizing the Chairman to sign all loan
documents on behalf of the Chamber. Chamber staff indicated the minutes
would be forth coming. However, as of this writing, the requested minutes
have not been received.
Staff recommends adoption of the form motion.
K~tJ ~.J~~~Di rector
Community Development Department
75-0264
1-1'- f7
1 In In..,