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0i6 <br /> <br />RESOLUTION 95-028 <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 /> to the County, and the operation of the Program <br /> <br />and if received, <br />by the Agency. <br /> <br />Section 3. <br />project areas of <br /> <br />The City hereby finds and determines that the <br />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, this 19_~_thday of June , 1995 by the following <br />vote: <br /> <br /> AYES: COUNCILMEMBERS: Espinoza, Lutz, McGuigan, Mills, <br /> Moreno, Pulido, Richardson <br /> NOES:' COUNCILMEMBERS: None <br /> ABSENT: COUNC ILMEMBERS~/~ <br /> <br />ATTEST: · <br /> <br /> ~ Mayor <br /> <br /> ~] GTy, C e~rk~he Council <br />APPROVED AS TO FORM:-- <br /> <br />City <br /> <br /> <br />