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Mortgage Revenue Bond Inducement - <br />Wycliffe Towers <br />October 1, 2001 <br />Page 2 <br />request through standard procedures and meet the CDLAC application <br />deadline. Therefore, this action of the Housing Authority will be <br />processed as an emergency action as required by state and federal <br />regulations. The Housing Authority declares this to be an emergency <br />matter under Health and Safety Code Section 34292 in order for the <br />Housing Authority to take action. <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. <br />/ //Z <br />John Reekstin <br />Executive Director <br />JPR:SLB:sks <br />