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RESOLUTION NO. 87-32 16i <br />PAGE 2 <br /> <br />Attorney, deems necessary or advisable to accomplish said <br />extension. <br /> <br /> 2. Any monies required in connection with the extension <br />shall be paid by the Agency, which payment the City hereby <br />approves, provided that no more than $7,000 is paid by the <br />Agency in connection with the extension. <br /> <br /> 3. The City hereby agrees that it will not charge an <br />amount in excess of 2% of the amount so extended in connection <br />with the transfer of such amount and/or the funding of home <br />mortgages in connection therewith. It is hereby acknowledged <br />that the foregoing statement was required by bond counsel in <br />order to provide an oginion that the extension was in accordance <br />with the terms of the Trust Indenture. <br /> <br /> 4. The Executive Director of the Community Development <br />Agency and the other officers of the City responsible for.the <br />Program are hereby authorized and directed, for and in the name <br />and on behalf of the City, to execute and deliver such other <br />certificates, agreements or documents which they, or any of <br />them, deem necessary or advisable in order to consummate the <br />extension described herein, including, but not limited to, any <br />documents required on the part of the City by Section 303(D)(1) <br />of the Trust Indenture. <br /> <br /> 5. This resolution shall take effect immediately upon its <br />adoption. <br /> <br /> ADOPTED, this 21st day of April <br />following vote: <br /> <br />, 1987 by the <br /> <br />AYES: <br /> <br />MEMBERS: Acosta, Hart, May, McGuigan, Pulido, Young <br /> <br />NOES: MEMBERS: None <br /> <br />ABSENT: MEMBERS: Griset <br /> <br />ATTEST: <br /> <br />D~~E~H.~YOU~YOR <br /> <br />APPROVED AS TO FORM: <br /> <br /> <br />