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RESOLUTION NO. 86-113 A RESOLUTION OF THE CITY COUNCIL OF SANTA ANA APPROVING A HOUSING POLICY REPORT UNDER INTERNAL REVENUE CODE SECTION 103A AND DIRECTING ITS PUBLICATION WHEREAS, Section 103A(j)(5) of the Internal Revenue Code of 1954, as amended, as implemented by Section 6a103A- 2(1) of the temporary regulations of the Department of the Treasury, requires the applicable elected representative of an issuer of qualified mortgage bonds to publish, after public hearing, a housing policy report; WHEREAS, this Council is the applicable elected repre- sentative of the City of Santa Ana, which City proposes to issue qualified mortgage bonds in 1987; WHEREAS, this Council has received a proposed housing policy report entitled, "Policy Report Under Section 103A", a copy of which is on file in the Office of the City Clerk, and has reviewed said report and each and every part thereof; WHEREAS, copies of the report have been made available to affected residents of the City in the Office of the City Clerk, and a public hearing on the housing, development and low-income housing assistance policies which the City is to follow in issuing qualified mortgage bonds has been duly held following published notice thereof; and WHEREAS, it is in the public interest benefit that said housing policy report be published; and for the public approved and NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Santa Ana, as follows: 1. The report of the City of Santa Ana entitled "Policy Report Under Section 103A", is hereby approved. 2. The Mayor of the City, as a member of this Council, is hereby authorized and directed to execute said report on behalf of this Council as the duly elected representative of the City.