HomeMy WebLinkAbout86-113 RESOLUTION NO. 86-113
A RESOLUTION OF THE
CITY COUNCIL OF SANTA ANA
APPROVING A HOUSING POLICY REPORT
UNDER INTERNAL REVENUE CODE SECTION 103A
AND DIRECTING ITS PUBLICATION
WHEREAS, Section 103A(j)(5) of the Internal Revenue
Code of 1954, as amended, as implemented by Section 6a103A-
2(1) of the temporary regulations of the Department of the
Treasury, requires the applicable elected representative of
an issuer of qualified mortgage bonds to publish, after
public hearing, a housing policy report;
WHEREAS, this Council is the applicable elected repre-
sentative of the City of Santa Ana, which City proposes to
issue qualified mortgage bonds in 1987;
WHEREAS, this Council has received a proposed housing
policy report entitled, "Policy Report Under Section 103A",
a copy of which is on file in the Office of the City Clerk,
and has reviewed said report and each and every part thereof;
WHEREAS, copies of the report have been made available
to affected residents of the City in the Office of the City
Clerk, and a public hearing on the housing, development and
low-income housing assistance policies which the City is to
follow in issuing qualified mortgage bonds has been duly
held following published notice thereof; and
WHEREAS, it is in the public interest
benefit that said housing policy report be
published;
and for the public
approved and
NOW, THEREFORE, BE IT RESOLVED by the City Council of
the City of Santa Ana, as follows:
1. The report of the City of Santa Ana entitled "Policy
Report Under Section 103A", is hereby approved.
2. The Mayor of the City, as a member of this Council,
is hereby authorized and directed to execute said report on
behalf of this Council as the duly elected representative of
the City.
3. This Council does hereby direct the publication of
said report said report by authorizing and directing the
City Clerk, and the City Clerk is hereby so authorized and
directed, to make copies of said Report available within two
days of the date hereof in the Office of the City Clerk for
distribution to the public.
4. The City Clerk is hereby authorized and directed to
file said report with the Internal Revenue Service at the
Internal Revenue Service Center, Philadelphia, Pennsylvania
19255.
ADOPTED, this 15th day of December
1986.
ATTEST:
COUNCILMEMBERS:
Griset Aye
Pulido Aye
Acosta Aye
Hart Aye
May ~ye
McGuigan Aye
Young Aye
APPROVED AS TO FORM:
~rA~ttJ~o C~eyper