HomeMy WebLinkAboutContracts & Agreements_105-1997_CCv0001.pdf DEPARTMENT OF ECONOMIC
AND COMMUNITY DEVELOPMENT COUNTY OF SAN BERNARDINO
PUBLIC SERVICES GROUP
SAN SCANAROIN6
290 North"D"Street,Sixth Floor * San Bernardino,CA 92415-0040 • (909)388-0800 THOMAS R. LAURIN
Fax(909)388-0844 Director
October 22, 1997 �qit
D
City of Redlands
U
P.O. Box 300/1 JU
Redlands, CA 92373
Attn: Gary Luebbers, City Manager CITY MANAGER
Dear Mr. Luebbers:
The County of San Bernardino Department of Economic and Community Development
(ECD) is pleased to inform yoLi that on October 28, 1997, the Board of Supervisors will
consider kD's request to submit an application to the California Debt Limit Allocation
Committee (CDLAC) for a $50,000,000 Single Family Mortgage Revenue Bond
(SFMRB) allocation, on behalf of the County's unincorporated area and Participating
Cities. The request will be addressed at CDLAC's January meeting, the first funding cycle
of the 1998 year.
The State allocation process, allows the County to request an allocation representing the
County's unincorporated areas as well as the incorporated cities, totaling approximately
$50,000,000. Should your City submit an application separately, your maximum
allocation based upon 1997 allocation procedures would be approximately $1,145,597.
The Cooperative Agreement No. 95-46, and Resolution No. 95-09, executed in 1995, may
remain in effect for the 1998 Single Family Bond Program. However, in order to certify
to the Clerk of the Board of Supervisors that his Cooperative Agreement is still effective,
please indicate your approval by signing below and returning this letter via fax as follows:
Julie Rynerson Hemphill
Department of Economic and Community Development
Housing Development, Finance and Preservation Division
290 North"D" Street, Sixth Floor
San Bernardino, CA 92415-0040
(909) 388-0900
Fax (909) 388-0920
Base upon our success of the prior issues we are anxious to move forward with the 1998
financing. The 1997, County of San Bernardino Issue has funded approximately
$27,754,806 in mortgages throughout the County.
Because the application must be sent to CDLAC by Friday, December 12, 1997, an
expeditious response is requested.
City Contact: Gary Luebbers
October 21, 1997
Page 2
Thank you for supporting ECD's efforts to make the American dream of affordable
homeownership a reality for our County's homebuyers.
Sincerely,
DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT
THOMAS R. LAURIN, Director
Q44 -011t 04c-� r&--f
/JULIE RYNERSON HEMPHILL, Deputy Director
Housing Development, Finance and Preservation Division
JRH:bja
APPROVED BY:
Swen Larson
Print Name
Mayor, City of Redlands
Title
Date. November 19 , 1997
Signature
ATTEST:
—Cit l
erk
City of Re
dia ds, California