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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 />the form of the Agreement deemed necessary or advisable, approval <br /> <br />of such additions or changes to be conclusively evidenced by <br />execution of the Agreement as so added to or changed by the <br /> <br />Chairman. <br /> <br />The Chairman is further authorized to enter into such <br /> <br />additional agreements with the County, execute such other <br /> <br />documents or take such other actions as they may deem necessary <br /> <br />or appropriate to carry out the purpose and intent of the <br />Agreement or to cooperate in the implementation of the Program. <br /> <br />Section 4. <br /> <br />The Executive Director, or his designee, is <br /> <br />authorized, on behalf of the Agency, to take such steps and <br /> <br />execute such documents as necessary for the submission of an <br /> <br />application to CDLAC on behalf of the Agency for an allocation in <br />the amount of $5,000,000 for application to the issuance of <br /> <br />mortgage credit certificates by the County. <br /> <br />section 5. <br /> <br />An amount up to one percent (l%)of the requested <br /> <br />allocation is hereby authorized to be placed into an account from <br /> <br />housing set aside funds, and the Executive Director is authorized <br /> <br />to certify to CD LAC that such amount is on deposit in such <br /> <br />account. <br /> <br />section 6. <br /> <br />The Agency hereby authorizes the transfer to the <br /> <br />County of all of the total amount, if any, of authority to issue <br /> <br />mortgage credit certificates allocated to the agency by CDLAC. <br /> <br />The Executive Director or his designee, on behalf of the Agency, <br /> <br />is authorized and directed to take such steps and execute such <br /> <br />documents as are necessary to effect the transfer of such <br /> <br />allocation to the county solely for application to the issuance <br /> <br />of mortgage credit certificates which are to be used to induce <br />
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