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1992-13 CRA
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1992-13 CRA
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Last modified
1/3/2012 12:21:22 PM
Creation date
3/3/2005 9:37:16 AM
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City Clerk
Doc Type
Resolution
Doc #
CRA 1992-13
Date
10/20/1992
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<br />. <br /> <br />. <br /> <br />. <br /> <br />of authority to issue mortgage credit certificates and elects to <br /> <br />transfer to the County pursuant to Section 8869.85(d) of the <br /> <br />Government Code, the total amount, if any, of authority allocated <br /> <br />to the Agency; and <br /> <br />WHEREAS, one percent of the amount of the allocation to be <br /> <br />requested on behalf of the Agency is to be held in an account <br />established by the Agency pursuant to section 8869,84 of the <br /> <br />Government Code and the regulation of the CDLAC; <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY <br /> <br />REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA AS FOLLOWS: <br /> <br />section 1. <br /> <br />Each of the foregoing recitals is true and <br /> <br />correct. <br /> <br />section 2. <br /> <br />The Agency hereby adopts the Program for the <br /> <br />purpose of increasing the housing supply in the county and in the <br />city and consents to the operation of the Program by the county <br /> <br />with respect to all property located within the geographic <br /> <br />boundaries of the city, including the payment to the county of <br /> <br />the Agency's proportionate share (based upon the number of <br /> <br />participants in the Program) of administration costs applicable <br /> <br />to each allocation received from CDLAC, which share is estimated <br /> <br />not to exceed $15,000. <br /> <br />section 3. <br /> <br />The Cooperative Agreement between the County and <br /> <br />the Agency (the "Agreement"), a copy of which is attached hereto <br /> <br />as Exhibit A, is hereby approved and the Chairman of the Agency <br /> <br />is hereby authorized and directed to execute and deliver the <br /> <br />Agreement, for and in the name and on behalf of the Agency. <br /> <br />The <br /> <br />Chairman is authorized to approve any additions to or changes in <br />
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