HomeMy WebLinkAboutCC Res 4445 1996-03-11
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RESOLUTION NO. ~
A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF SEAL BEACH, CALIFORNIA,
AUTHORIZING PARTICIPATION IN THE
MORTGAGE CREDIT CERTIFICATE PROGRAM
IN COOPERATION WTI1I THE COUNTY OF
ORANGE
Whereas, there is a need to encourage the availability of homes affordable to first time
homebuyersj 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" ActIO); 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 1996 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 tinds and detennines 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 ADO
Beach at a meeting thereof held on the
1996, by the following vote:
by the City "I ~f Seal
day of A- ,
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AYES:
Councilmem
NOES:
.
ABSENT:
Councilmem
Resolution Number J/p+" 5
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STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF SEAL BEACH )
I, Joanne M. Yea, City Clerk of Seal Beach, California, do !!r:hy c.artify that the foregoing
resolution is the original copy of Resolution Number on file in the office of the City
Clerk, passed, approved, and adoplql ))')he City Council 0 City of Seal Beach, at a regular
meeting thereof held on the / ~ day of , 1996.
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