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REL:adg <br />2/19/82 <br /> <br />RESOLUTION NO. 82-24 <br /> <br />RESOLUTION OF THE CITY COUNCIL OF THE <br />CITY OF SANTA ANA ADOPTING A HOME <br />MORTGAGE FINANCE PROGRAM IN COOPERATION <br />WITH THE COUNTY OF ORANGE <br /> <br /> WHEREAS, there is a shortage in the County of <br />Orange (the "County") and in the City of Santa Ana (the <br />"City") of decent, safe and sanitary housing, particularly <br />of housing affordable by persons in the lower end of the <br />purchasing spectrum, and a consequent need to encourage the <br />construction, purchase and rehabilitation of homes <br />affordable by such persons and otherwise to increase the <br />housing supply in the City and in the County for such <br />persons; and <br /> <br /> WHEREAS, the Board of Supervisors of the County <br />has resolved to engage in a home mortgage finance program <br />(the "Program") pursuant to Part 5 of Division 31 of the <br />Health and Safety Code of the State of California (the <br />"Act") for persons and families within the income limits <br />established by the Act and has determined to issue revenue <br />bonds pursuant to the Act to provide funds for the Program; <br />and <br /> <br /> WHEREAS, this City Council finds and determines <br />that it is in the best interest of the City to adopt the <br />Program and to consent to the 'implementation of the Program <br />by the County within the geographic boundaries of the City <br />pursuant to the Act; <br /> <br /> NOW, THEREFORE, BE IT RESOLVED, by the City <br />Council of the City of Santa Ana, as follows: <br /> <br /> SECTION 1. The City hereby adopts the Program <br />for the purpose of increasing the housing supply in the <br />County and in the City and consents to the implementation of <br />the Program by the County with respect to all property <br />located within the geographical boundaries of the City. <br /> <br /> SECTION 2. The cooperative agreement, dated as <br />of March 8, 1982, between the County and the City (the <br />"Agreement"), in substantially the form submitted to this <br />meeting, is hereby approved; and the proper officers of the <br />City are hereby authorized and directed to execute and <br />deliver said Agreement, for and in the name and on behalf of <br />the City, and to approve any additions to or changes in said <br />form of the Agreement which they deem necessary or <br />advisable, their approval of such additions or changes to be <br /> <br /> <br />