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<br />. <br /> <br />. <br /> <br />. <br /> <br />Allocation Committee ("CDLAC") prior to the issuance of mortgage <br />credit certificates; and <br /> <br />WHEREAS, <br /> <br />the <br /> <br />desires <br /> <br />County <br /> <br />file <br /> <br />an <br /> <br />the <br /> <br />that <br /> <br />Agency <br /> <br />application with CDLAC on behalf of the Agency for an allocation <br /> <br />of authority to issue mortgage credit certificates and elects to <br /> <br />transfer to the County pursuant to section 8869.85 (d) <br /> <br />of the <br /> <br />Government Code, the total amount, if any, of authority allocated <br /> <br />to the Agency; and <br /> <br />WHEREAS, <br /> <br />one-half <br /> <br />of one percent <br /> <br />of <br /> <br />amount <br /> <br />of <br /> <br />the <br /> <br />the <br /> <br />allocation to be requested on behalf of the Agency is to be held <br /> <br /> <br />in an account established by the Agency pursuant to section <br /> <br />8869.84 of the Government Code and the regulation of the CDLAC; <br /> <br />NOW, <br /> <br />THEREFORE, <br /> <br />BE <br /> <br />IT <br /> <br />RESOLVED <br /> <br />BY <br /> <br />THE <br /> <br />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 <br /> <br />property <br /> <br />located within <br /> <br />geographic <br /> <br />the <br /> <br />respect <br /> <br />to <br /> <br />all <br /> <br />boundaries of the City, including the payment to the County of <br /> <br />the <br /> <br />Agency's <br /> <br />proportionate <br /> <br />(based <br /> <br />the <br /> <br />number <br /> <br />of <br /> <br />share <br /> <br />upon <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 />