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REL: adg <br />2/7/85 <br /> <br />RESOLUTION NO. 85-42 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF <br />THE CITY OF SANTA ANA APPROVING A <br />HOUSING POLICY REPORT UNDER INTERNAL <br />REVENUE CODE SECTION 103A AND DIRECTING <br />ITS PUBLICATION <br /> <br /> WHEREAS, Section 103A(j)(5) of the Internal Revenue <br />Code of 1954, as amended, as implemented by proposed and tempor- <br />ary regulations of the Department of the Treasury, Section 6a. <br />103A-2(1), requires the applicable elected representative of an <br />issuer of qualified mortgage subsidy bonds to publish, after <br />public hearing, a housing policy report; <br /> <br /> WHEREAS, this Council is the applicable elected <br />representative of the City of Santa Ana which City proposes <br />to issue 1985 qualified mortgage subsidy bonds; <br /> <br /> WHEREAS, this Council has received a draft housing <br />policy report dated October 31, 1984, and has reviewed each and <br />every part thereof and this Council has conducted a duly noticed <br />public hearing; and <br /> <br /> WHEREAS, it is in the public interest and for the public <br />benefit that said housing policy report be approved and published; <br /> <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL <br />OF THE CITY OF SANTA ANA, AS FOLLOWS: <br /> <br /> 1. The City Manager of the City is hereby authorized <br />and directed to prepare a summary of the comments made at the <br />aforesaid public hearing and to include said sununary as a part of <br />the Policy Report Under Section 103A. <br /> <br /> 2. The report of the City of Santa Ana entitled, <br />"Policy Report Under Section 103A," and dated October 31, 1984, <br />is hereby approved with the inclusion of said summary of comments. <br /> <br /> 3. The Mayor of the City, as a member of this Council, <br />is hereby authorized and directed to execute said report on behalf <br />of this Council as the duly elected representative of the City. <br /> <br /> <br />