Title
Approval of the Headwaters Fund Board's Recommended Community Investment Fund Loan to the Redwood Coast Energy Authority
Recommendation
That the Board of Supervisors receive report and approve the Headwaters Fund Board's (HFB) recommended Community Investment Fund (CIF) loan of $700,000 to support the Redwood Coast Energy Authority (RCEA) implementation of the Community Choice Energy program; authorize the Chair of the Board to sign the loan contracts with the RCEA and Redwood Region Economic Development Corporation (RREDC), for servicing of the loan; and direct the Clerk of the Board to return the signed Loan Service Agreements, Commercial Promissory Notes, and Commercial Loan Agreements to Economic Development.