HomeMy WebLinkAbout2.2 Loan to Dublin Housing Auth Eng. Work CITY OF DUBLIN
AGENDA STATEMENT
CITY COUNCIL MEETING DATE: September 22, 1986
SUBJECT Loan to Dublin Housing Authority for Engineering
Survey Work
EXHIBITS ATTACHED None
RECOMMENDATION Authorize the loan of approximately $6, 500 to the
Dublin Housing Authority for Engineering Survey work
FINANCIAL STATEMENT: A loan would be repaid by the Dublin Housing Authority
at a later date.
DESCRIPTION The Department of Housing & Urban Development will
require the Dublin Housing Authority, to execute a Declaration of Trust,
which when recorded, will encumber the Arroyo Vista project.
The Pleasanton Housing Authority will be conveying 33 .4 acres to the Dublin
Housing Authority. However, the Declaration of Trust should only be
recorded against the actual acreage on which the Arroyo Vista Housing
project is located. In order to determine the accurate size of the land
upon which the Arroyo Vista project sits, a survey is required. Since the
Dublin Housing Authority has no funds at this time, it is recommended that
the City of Dublin loan the Dublin Housing Authority approximately $6, 500
for Engineering Survey Services and authorize Santina & Thompson to perform
the survey work.
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ITEM N0. 2,12e