HomeMy WebLinkAbout82-024REL:adg
2/19/82
RESOLUTION NO. 82-24
RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF SANTA ANA ADOPTING A HOME
MORTGAGE FINANCE PROGRAM IN COOPERATION
WITH THE COUNTY OF ORANGE
WHEREAS, there is a shortage in the County of
Orange (the "County") and in the City of Santa Ana (the
"City") of decent, safe and sanitary housing, particularly
of housing affordable by persons in the lower end of the
purchasing spectrum, and a consequent need to encourage the
construction, purchase and rehabilitation of homes
affordable by such persons and otherwise to increase the
housing supply in the City and in the County for such
persons; and
WHEREAS, the Board of Supervisors of the County
has resolved to engage in a home mortgage finance program
(the "Program") pursuant to Part 5 of Division 31 of the
Health and Safety Code of the State of California (the
"Act") for persons and families within the income limits
established by the Act and has determined to issue revenue
bonds pursuant to the Act to provide funds for the Program;
and
WHEREAS, this City Council finds and determines
that it is in the best interest of the City to adopt the
Program and to consent to the 'implementation of the Program
by the County within the geographic boundaries of the City
pursuant to the Act;
NOW, THEREFORE, BE IT RESOLVED, by the City
Council of the City of Santa Ana, as follows:
SECTION 1. The City hereby adopts the Program
for the purpose of increasing the housing supply in the
County and in the City and consents to the implementation of
the Program by the County with respect to all property
located within the geographical boundaries of the City.
SECTION 2. The cooperative agreement, dated as
of March 8, 1982, between the County and the City (the
"Agreement"), in substantially the form submitted to this
meeting, is hereby approved; and the proper officers of the
City are hereby authorized and directed to execute and
deliver said Agreement, for and in the name and on behalf of
the City, and to approve any additions to or changes in said
form of the Agreement which they deem necessary or
advisable, their approval of such additions or changes to be
RESOLUTION NO. 82-24
PAGE TWO
conclusively evidenced by their execution of said Agreement
as so added to or changed. The proper officers of the City
are further authorized to enter into such additional
agreements with the County, execute such other documents and
take such other actions as they may deem necessary or
appropriate to carry out the purpose and intent of the
Agreement or to cooperate in the implementation of the
Program.
SECTION 3. This Resolution shall take effect
immediately upon its adoption.
ADOPTED this ~th day of March , 1982.
Gordon Bricl
ATTEST:
COUNC ILMEMBERS:
Bricken Aye
Luxembourger Aye
Acosta
Serrato Aye
Griset Ave
Markel Aye
McGuigan Absent
Approved as to Form:
-Edward J/. ~o~er
City At tor n~/~'