HomeMy WebLinkAboutCC Res 4790 2000-03-13
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RESOLUTION NO. Irq"
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF SEAL BEACH, CALIFORNIA,
AUTHORIZING PARTICIPATION IN THE 2000
MORTGAGE CREDIT CERTIFICATE PROGRAM IN
COOPERATION WITH THE COUNTY OF ORANGE
Whereas,
there is .a need to encourage the availability of homes affordable to first time
homebuyers; and
Whereas,
the Board of Supervisors of the County of Orange (the "County") has declared its
intent to engage in a mortgage credit certificate program (the .Program") pursuant
to Part 5 of Division 31 of the Health and Safety Code of the State of Califomia
(the. Act"); and
Whereas,
the City entered into a Cooperative Agreement in October 1993 with the County of
Orange for the City's participation in the Program: and
Whereas,
for continued participation in the 2000 Mortgage Credit Certificate allocation the
City of Seal Beach is required to certify the City's desire to participate in the
Program, however, the City is not required to enter into another Cooperative
Agreement with the County.
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Seal
Beach finds and determines that it is in the best interest of the City of Seal Beach to participate in
the Program and to consent to the operation of the Program by the County within the geographic
boundaries of the City pursuant to the Act.
PASSED, APPROVED, AND A~PTED by the City?J;Cil of the City of Seal Beach
at a meeting thereof held on the ~ day of ~ , 2000, by
the following vote:' J
AYES:
Councilmemb
NOES:
Council members
ABSENT:
Councilmember
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Paul Yost
MAYOR
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Resolution Number~1t1t'
STATEOFCAUFO~A )
COUNTY OF ORANGE ) SS
CITY OF SEAL BEACH )
I, Joanne M. Yeo, City Clerk of Seal Beach, Cali~ia, do hereby certify that the foregoing
resolution is the original copy of Resolution Number 1 q t) on file in the office of the City
Clerk, passed, approved, and adopted .b"y the City Council ~~y ~Beach, at a regular
meeting thereof held on the J 3 !I day of 'A. , 2000.
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