Laserfiche WebLink
252 <br /> RESOLUTION 94-055 <br /> Page 2 <br /> <br />funds to meet this one percent deposit. <br /> <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br />CITY OF SANTA ANA, CALIFORNIA AS FOLLOWS: <br /> <br /> Section 1. Each of the foregoing recitals is true and <br />correct. <br /> <br /> Section 2. The city hereby approves the filing of an <br />application with CDLAC on behalf of the Agency for an allocation <br />of authority to issue mortgage credit certificates in an amount <br />not to exceed $5,000,000, the transfer of such allocation, when <br />and if received, to the County, and the operation of the Program <br />by the Agency. <br /> <br /> Section 3. The City hereby finds and determines that the <br />project areas of the Agency will be benefitted by the operation <br />of the Program both within and outside the project areas, but <br />within the boundaries of the city. <br /> <br /> Section 4. This Resolution shall take effect immediately <br />upon its adoption by the City Council, and the City Clerk shall <br />certify the vote adopting this Resolution. <br /> <br /> ADOPTED, <br /> <br />vote: <br /> <br />ATTEST: <br /> <br />this 15t~ay of Auqust , 1994 by the following <br /> <br />AYES: <br /> <br />NOES: <br /> <br />ABSENT: <br /> <br />Lutz, McGuigan, Mills, Moreno, <br />Richardson, Young <br />None <br /> <br />None <br /> <br />;%PPROVED AS TO FORM: <br /> <br />Pulido, <br /> <br />Edwa~ d~-~f.. ~oo~ r <br />City Attorney <br /> <br /> <br />