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<br />, " ~"",-,"" ,," .- <br /> <br />. <br /> <br />RESOLUTION NO. 2001 - 01 <br /> <br />A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE <br />CITY OF SANTA ANA ADOPTING A MORTGAGE CREDIT CERTIFICATE <br />PROGRAM IN COOPERATION WITH THE COUNTY OF ORANGE, <br />AUTHORIZING AN APPLICATION TO THE CALIFORNIA DEBT LIMIT <br />AlLOCATION COMMITTEE FOR AN AlLOCATION FOR THE ISSUANCE OF <br />MORTGAGE CREDIT CERTIFICATES AND THE TRANSFER OF SUCH <br />ALLOCATION TO THE COUNTY OF ORANGE <br /> <br />BE IT RESOLVED BY THE COMMUNTIY REDEVELOPMENT AGENCY <br />OF THE CITY OF SANTA ANA AS FOLLOWS: <br /> <br />1. The Community Redevelopment Agency of the City of Santa Ana <br />hereby finds, determines and declares as follows: <br /> <br />. <br /> <br />A. There is a shortage of decent, safe and sanitary housing in the <br />County of Orange ("County") and in the City of Santa Ana ("City"), particularly of <br />housing affordable by first time home buyers. and a consequent need to <br />encourage the availability of homes affordable by such persons and otherwise to <br />increase the housing supply in the City and in the County for such persons. <br /> <br />B. The Board of Supervisors of the County has declared its intent to <br />engage in a mortgage credit certificate program ("Program") pursuant to Chapter <br />3.5 of Part 1 of Division 31 of the Health and Safety Code of the State of <br />California (the "Act") and to issue mortgage credit certificates pursuant to the Act <br />to provide funds for the Program. <br /> <br />C. The Community Redevelopment Agency of the City of Santa Ana <br />(the "Agency") hereby finds and determines that the project areas of the Agency <br />will benefit by the operation of the Program both within and outside the project <br />areas of the Agency, but within the boundaries of the City. <br /> <br />D. The City has found and determined that the project areas of the <br />Agency will benefit by the operation of the Program both within and outside the <br />project areas of the Agency. but within the boundaries of the City. <br /> <br />E. The Agency hereby finds and determines that it is in the best <br />interest of the Agency to participate in the Program and to consent to the <br />operation of the Program by the County within the geographic boundaries of the <br />project areas of the Agency and within the boundaries of the City. <br /> <br />. <br /> <br />F. The Agency desires to enter into a Cooperative Agreement with the <br />County to permit the operation of the Program within the boundaries of the City. <br />