Laserfiche WebLink
REL:adg <br />5/7/81 <br /> <br />RESOLUTION NO. 81-77 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE <br />CITY OF SANTA ANA, CALIFORNIA, AUTHORIZING <br />THE EXECUTION OF A STANDARD AGREEMENT, AMD <br />OTHER DOCUMENTS, TO SECURE A COMMITMENT OF <br />FUNDS FROM THE DEFERRED PAYMENT REHABILITATION <br />LOAN PROGRAM OF THE STATE OF CALIFORNIA. <br /> <br /> WHEREAS, pursuant to Sections 50660-50670 of the <br />California Health and Safety Code, the California Department <br />of Housing and Community Development (hereinafter referred <br />to as the State) is authorized to provide funds for the <br />rehabilitation of housing in designated areas; and <br /> <br /> WHEREAS, the City of Santa Ana (hereinafter <br />referred to as the Local Entity), a local public agency <br />organized under the statutes of the State of California, is <br />eligible to receive said funds, and has applied to the State <br />of California for a commitment of said funds. <br /> <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL <br />OF THE CITY OF SANTA ANA that the Local Entity be hereby <br />authorized to enter into the Standard Agreement with the <br />State to accept a commitment in the total amount not to <br />exceed $75,000 for purposes of lending deferred payment <br />loans for housing rehabilitation, subject to the terms of <br />said agreement and to the rules and regulations governing <br />the use of said funds; and <br /> <br /> BE IT FURTHER RESOLVED that the Local Entity be <br />hereby authorized to enter into appropriate documents with <br />the State and that the City Manager of the City of Santa <br />Ana is hereby authorized to execute in the name of the Local <br />Entity said Standard Agreement, and other documents required <br />to consummate this transaction. <br /> <br /> BE IT FURTHER RESOLVED that the City Manager of <br />the City of Santa Ana is hereby authorized to execute all <br />documents required to make and record each individual loan <br />under this program to program participants. <br /> <br /> ADOPTED this 18th day of <br />by the following vote: <br /> <br />May , 1981, <br /> <br />AYES: <br /> <br />NOES: <br /> <br />COUNCII~MEMBERS: Acosta. Bricken, Griset, Luxemb0urger, <br /> Markel, McGuigan, Serrato <br />COUNCILMEMBERS: None <br /> <br />ABSENT: COUNCILMEMBERS: None <br /> <br />ATTEST: <br /> <br />APPROVED AS TO FORM: <br /> <br /> <br />