HomeMy WebLinkAboutCC Res 4674 1999-01-11
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RESOLUTION NUMBER %2./
A RESOLUTION OF THE CITY COUNCIL OF
TIlE CITY OF SEAL BEACH, CALIFORNIA,
AUTHORIZING PARTICIPATION IN THE 1999
MORTGAGE CREDIT CERTIFICATE PROGRAM
IN COOPERATION WITH TIlE 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 California
(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 the 1999 Mortgage Credit Certificate allocation, for continued participation the
City of Seal Beach is required to certify the City I S desire to participate in the
Program, however, the City is not required to enter into another Cooperative
Agreement with the County.
NOW, TIlEREFORE, 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 ^'fPD by the City Co n .1 of the City of Seal Beach
at a meeting thereof held on the - day of 1999, by
the following vote:
AYES:
Council members
NOES:
Council members
ABSENT:
VACANCY:
Councilmembers
'/JtdX1r~;v~ ~~I
Patricia E. Campbell '
MAYOR PRO- TEM
Resolution NUmber~~.
STATEOFCAUFORNIA )
COUNTY OF ORANGE ) SS
CITY OF SEAL BEACH )
I, Joanne M. Yea, City Clerk of Seal Beach, Califom'a
resolution is the original copy of Resolution Number
Clerk, passed, approved, and adOP~y the City Coun
meeting thereof held on the - day of
,
Qi4MJ~( ~
do h eby certify that the foregoing
on file in the office of the City
e City of Seal Beach, at a regular
1999.
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