HomeMy WebLinkAbout94-049 - Adopting a Home Mortgage Finance Program in Cooperation with the County of OrangeRELmvb6/15/94
RESOLUTION NO. 94- 049
A 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");
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 geographic boundaries of
the City pursuant to the Act.
SECTION 2: The agreement, dated as of July 18, 1994, between
the County and the City (the "Cooperative 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 the same, for and in the name
and on behalf of the City, and to approve any additions to or
changes in said foria thereof which they deem necessary or
advisable, their approval of such additions or changes to be
conclusively evidenced by their execution of the Cooperative
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 action as they may deem necessary or appropriate to
carry out the purpose and intent of the Cooperative Agreement or to
cooperate in the implementation of the Program.
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RESOLUTION 94-049
Page 2
SECTION 3: This Resolution shall take effect immediately upon
its adoption.
ADOPTED this 18th day of . July , 1994.
ATTEST:
/~/ice C. Guy
~Clerk of the Council
Mayor - /
COUNCILMEMBERS:
Young, Aye
Pulido Aye
Lutz Aye
McGuigan Aye
Mills Aye
Moreno Aye
Richardson Aye
APPROVED AS TO FORM:
CERTIFICATE OF ORIGINALITY & PUBLICATION
State of California
County of Orange
I, JAN-ICE C. GUY, Clerk of the Council, do hereby certify the attached Resolution
~qt'_ O q]~ to be the original resolution adopted by the City Council of the
City of Santa Ana on
Date:
2
Clerk of the Counci'l /'-/
City of S~ta Ana ~ ~