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<br />. <br /> <br />. <br /> <br />. <br /> <br />RESOII1I'ICN <br /> <br />90-4 <br /> <br />A RESOII1I'ICN OF nIE a:HoIJNITY REIEVELOJMENT AGENcr <br />OF nIE CI'lY OF SAlmI. ANA AJ:DPl']B; A IDŒ ø:mGI\GE FINANCE <br />AND ø:mGI\GE æEDlT CERl'IFICATE mJGRAM IN <br />CXJOPERATICN WI'IH nIE OXJNIY OF aRAlm, AImœIZIN; <br />AN APPLICATICN 'ro nIE CALIFœNIA DEB!' LIMIT <br />ALIDCATICN CXI!MI'ITEE roR AN ALIDCATICN roR nIE <br />ISSUANCE OF ø:mGI\GE æEDlT CERl'IFICATES AND <br />nIE TRANSFER OF suæ: ALIDCATICN 'ro nIE OXJNIY OF ORANGE <br /> <br />WHERE'AS, there is a shortage in the camty of Oran;re (the "Ca.mty") am <br />in the City of santa Ana (the "City") of baJain;¡' affordable by first time hone <br /> <br />b.1yers, am a consequent need to ~ the availability of banes <br />affordable by such persaIS am ot:hendse to increase the baJain;¡' supply in the <br /> <br />City am in the camty for such persaIS; am <br />WHERE'AS, the BoaJ:à of SUpervisors of the camty has declared its intent <br /> <br />to ergage in a haDe mrt:gage finance am mrt:gage credit certificate program <br />(the "Program") pJrSUant to Part 5 of Division 31 of the Health am Safety <br /> <br />Code of the state of california (the "Act") am to issue mrt:gage credit <br />certificates pJrSUant to the Act to provide fums for the Program; am <br /> <br />WHERE'AS, the Cœm.mity Redeve1c:paent lv: erY:Jy of the City of santa Ana <br />(the "Agency") hereby f:in:1s am deteImines that the project areas of the <br /> <br />lv: erY:Jy will be benefited by the operation of the Program both within am <br />without the project areas of the lv: erY:Jy, l:ut within the boun:1aries of the <br /> <br />City; am <br /> <br />WHERE'AS, the City has foun:i am deteJ:mined that the project areas of the <br />lv: erY:Jy will be benefited by the operation of the Program both within am <br /> <br />without the project areas of the lv: erY:Jy, l:nt within the boun:1aries of the <br />City; am <br />