HomeMy WebLinkAboutCC Res 3739 1987-11-02
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RESOLUTION NUMBER ~.j1.t77
A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF SEAL BEACH ADOPTING A
HOME MORTGAGE FINANCE PROGRAM
IN COOPERATION WITH THE COUNTY OF ORANGE
THE PLANNING COMMISSION OF THE CITY OF SEAL BEACH DOES HEREBY
RESOLVE:
WHEREAS, there is a shortage in the County of Orange
(the "County") and in the City of Seal Beach
(the "City") of decent, safe and sanitary
housing, particularly of housing affordable
by persons in the lower end of the purchasing
spectrum, and a consequent need to encourage
the construction, purchase and rehabilitation
of homes affordable by such persons and otherwise
to increase the housing supply in the City and
in the ~ou~ty for such persons; and
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WHEREAS, The'Board of S~pervisors of the County has resolved
to engage in a home mortgage finance program
(the "Program") pursuant to Part 5 of Division 31
of the Health and Safety Code of the State of
California (the "Act") for persons and families
within the income limits established by the Act
and has determined to issue revenue bonds pursuant
to the Act to provide funds for the Program; and
WHEREAS, this City Council finds and determines that it is in
the best interest of the City to adopt the Program and
to consent to the implementation of the Program by the
County within the geographic boundaries of the City
pursuant to the Act;
NOW, THEREFORE BE IT RESOLVED by the City Council of the City of
Seal Beach as follows:
1. The City hereby adopts the Program for the purpose
of increasing the housing supply in the County
and in the City and consents to the implementation
of the Program by the County with respect to all
property located within the geographic boundaries
of the City pursuant t the Act.
The agreement, dated 1987,
between the County an e e ooperative
Agreement"), is substantially the form submitted
to this meeting, is hereby approved; and the proper
officers of the City are hereby authorized and
directed to execute and deliver the same, for an
in the name and on behalf of the City, and to approve
any additions to or changes in said form thereof
which they deem necessary or advisable, their approval
of such additions or changes to be conclusively
evidenced by their execution of the Cooperative
Agreement as so added to or changed. The proper
officers of the City are further authorized to enter
into such additional agreements with the County as
they may deem necessary or appropriate to carry out the
purpose and intent of the Cooperative Agreement or to
cooperate in the implementation of the Program.
2.
RESOLUTION
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3.
This Resolution shall take effect immediately upon
Hs adopt i on.
AYES:
NOES:
ABSENT:
Councilmembers
the Ci ty of
day of
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SED, APPROVED AND ADOPTED by the City Counc'l
each at a meeting thereof held on the
, 1987, by the following vote:
Councilmembers
Counc;lmembers
M~ fv~-
ATE OF CALIFORNIA
COUNTY OF ORANGE
CITY OF SEAL BEACH
SS
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I, Joanne M. Yeo, City Clerk of Seal Beach, Cal;forri1a, do hereby
certify that the f~O' . g resolut;on ;s the or;ginal copy of
Resolution Number ~ on file on the office of the C;ty
Clerk, passed, appr e and adopted by the C;ty Counc;l of the
C;ty of ~l~Beach, at ~lar ~h~led meet;ng thereof held
on the ;Ar.... day of '-tu- ~ ,1987.
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