HomeMy WebLinkAboutCC Res 4593 1997-12-08
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RFSOLUfION NO. ~~
A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF SEAL BEACH, CALIFORNIA,
AUfHORIZING PARTICIPATION I~ THE
MOR)"GAGE CREDIT CERTIFICATE PROGRAM
IN COOPERATION WITII THE. COUNTY . OF
6RANGE
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: l!1ld
Whereas, for the 1998 Mortgage Credit Certificate allocation, for continued participation 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 ~ by the C~ll Of~Seal Beach
at a meeting thereof held on the _ day of .e..v . 1997, by
the folIowing vote: .
AYES:
Councilmemb
/
NOES:
Councilmember
ABSENT:
Councilmemb
ATTEST:
Resolution Number~
STATE OF CAliFORNIA )
COUNTY OF ORANGE ) SS
CITY OF SEAL BEACH )
I, Joanne M. Yea, City Clerk of Seal Beach, Califo~ do hereby certify that the foregoing I
resolution is the original copy of Resolution Number ~~ on fIle in the office of the City
Clerk, passed, approved, and adop~ ~y the City Counc~ City oj Seal Beach, at a regular
meetingthereofheIdonthe ~ dayof ~'u~ ,1997.
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