To: BOARD OF SUPERVISORS
From: Executive Office
Meeting Date: October 6, 2026
Department Contact: Xuyen Mallela Phone: 707-463-4441
Item Type: Consent Agenda Time Allocated for Item: N/A
Agenda Title:
title
Approval of Agreement with Economic Development and Financing Corporation, in the Amount of $3,600, to Provide Loan Servicing, Effective Upon Full Execution through September 30, 2030
Vote Requirement: Majority
End
Recommended Action/Motion:
recommendation
Approve Agreement with Economic Development and Financing Corporation, in the amount of $3,600, to provide loan servicing, effective upon full execution through September 30, 2030; authorize the Chief Executive Officer or designee to sign any future amendments that do not increase the maximum amount; and authorize Chair to sign same.
End
Previous Board/Board Committee Actions:
None.
Summary of Request:
The Economic Development and Financing Corporation (EDFC) has provided loan servicing for the Agwood loan since at least 2014 at the cost of $900 a year. No other vendor is currently being considered because the expense to change vendors would cost the county more than maintaining the existing contract. This Agreement covers the loan servicing through the loan payoff of the Agwood loan in September 2030.
This Agreement is being presented to the Board for approval pursuant to Policy 1, as the Agreement term exceeds three years.
Alternative Action/Motion:
Return to staff for alternative handling.
Strategic Plan Priority Designation: A Thriving Economy
Supervisorial District: All
Supplemental Information Available Online At: N/A
Fiscal Details:
source of funding: 0404, UD-862189 current f/y cost: N/A budget clarification: N/A annual recurring cost: $3,600 for the term of the Agreement budgeted in current f/y (if no, please describe): Yes revenue agreement: No AGREEMENT/RESOLUTION/ORDINANCE APPROVED BY COUNTY COUNSEL: Yes
CEO Liaison: Executive Office
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