Foothill Village loans in spotlight

archive_import /

By SUNNY LOCKWOOD

The newest residential retirement community in Angels Camp was scrutinized Tuesday night when the city council accepted a performance report on Foothill Village and discussed loans to the retirement community.

Because Mayor Debbie Ponte is also marketing director of Foothill Village, she excused herself from the discussion and left the building. Vice Mayor Curley Middleton then took charge of the discussion.

With Councilman Lee Seaton absent, only three council members remained to discuss and act on the two items regarding Foothill Village

The 65-suite, 80,000-square foot retirement center sits atop a hill overlooking Highway 4 on the southeast side of town. During its construction, the city of Angels Camp received a $420,000 Community Development Block Grant, which it loaned to Foothill Village.

The retirement center was obligated to create 29 new jobs for local residents under the terms of the grant loan, reported Terry Cox of Cox Consulting, Tuesday night. Cox said her annual performance report was required to be submitted to the State Department of Housing and Community Development.

In her report, Cox said Foothill Village has created 29 full-time jobs, which are now filled. She reported that 20 of those jobs went to employees whose income ranked below 80 percent of the median income for Calaveras County.

In Cox's written report, she said 25 of the employees are white, one is black and three are Hispanic.

Councilman Dorian Faught pointed out that as Foothill Village developers pay back the block grant funds, the city has that money plus the interest it has earned to loan to other business projects.

The three-member council unanimously accepted the report.

Cox then presented a request from Butte Community Bank, the bank that holds the $5 million note on Foothill Village. As Cox explained it, there are three loans to the retirement community the bank's $5 million loan, another loan from the bank for $500,000 and the grant loan from the city for $420,000.

11700693
The Union Democrat
This image is copyrighted.

Reach all of Sonora, Calaveras County, Tuolumne, Angels Camp, Twain Harte, & Jamestown with your items to sell.

Ads appear Online and in Print

View Classifieds Place an Ad

Connect with The Union Democrat

Union Democrat Newsstand

Thursday May 26, 2016

Read digital interactive editions of our publications

Read Today's Edition Take A Tour

More Publications by The Union Democrat

View All Publications
Homelessness, high school and the Butte Fire

05/20/2016

Cole Baisch arrived at Calaveras High School around lunchtime as the sky ... more

Avalon Care Center fined for patient death

05/24/2016

Avalon Care Center in Sonora has been fined $80,000 by the California ... more

Deputies visit schools, build community ties

05/24/2016

You would think Tuolumne County Sheriff’s Deputy Nate Yorston was Santa Claus ... more

High Sierra passes closed again

05/20/2016

Days after authorities opened Ebbetts Pass, Sonora Pass and Tioga Pass for ... more

Teens uninspired by election process

05/23/2016

An April survey by The Union Democrat of 375 high schoolers in ... more