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CDG: jd <br />~Z/~9/80 <br /> <br />RESOLUTION NO. 81-7 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SANTA ANA AUTHORIZING CERTAIN OFFICIALS TO EXECUTE <br />CERTAIN DOCUMENTS PURSUANT TO THE DEFERRED PAYMENT <br />REHABILITATION LOAN PROGRAM <br /> <br /> WHEREAS, the City of Santa Ana, ("City") has established <br />a Rehabilitation Deferred Payment Loan Program ("Rehab Deferred <br />Program") using Community Development Block Grant ("CDBG") <br />funds to assist in improving or rehabilitating residences <br />owned or occupied by persons or families of low income, as <br />defined in Title 24 of the Code of Federal Regulations, Section <br />570.100.3(o) and (p), thereby upgrading the housing stock of <br />the City of Santa Ana and creating a better environment; and <br /> <br /> WHEREAS, said Deferred Program includes both interest- <br />bearing and non-interest-bearing loans from said funds, the <br />incidents of interest and installment payments to be determined <br />according to said Deferred Program guidelines; and <br /> <br /> WHEREAS, implementation of said Rehab Deferred Program <br />requires the execution on behalf of City of certain agreements <br />with Borrowers and other documents promulgated pursuant to <br />said Rehab Deferred Program; and <br /> <br /> WHEREAS, City desires to authorize said Rehab Deferred <br />Program Loan Committee, consisting of the Assistant City Manager, <br />the Director of Community Development, and the Finance Director <br />of the City of Santa Ana to approve all agreements, documents <br />and forms, required to be executed by City pursuant to said <br />Rehab Deferred Program; <br /> <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council <br />of the City of Santa Ana that the Deferred Program Loan Committee, <br />consisting of the Assistant City Manager, the Director of <br />Community Development, and the Finance Director of the City of <br />Santa Ana are hereby authorized to execute all agreements, <br />documents and forms required to be executed by City pursuant <br />to said Rehab Deferred Program. <br /> <br /> ADOPTED this 5th day of January <br />the following vote: <br /> <br />, 1981, by <br /> <br />AYES: <br /> <br />NOES: <br /> <br />MEMBERS: Bricken, Griset, Luxembourger, Markel, <br /> Serrato, Ward, Yamamoto <br />MEMBERS: None <br /> <br />ABSENT: MEMBERS: None <br /> <br />ATTEST: <br /> <br />APPROVED AS TO FORM: <br /> <br />CITY ATTORNEY <br /> <br /> <br />