HomeMy WebLinkAbout1984 043 CC RESO1984 043 CC RESO (Ìì ê RESOLUTION NO. 84-43
A RESOLUTION APPROVING A HOME MORTGAGE FINANCE PROGRAM
IN COOPERATION WITH THE COUNTY OF LOS ANGELES AND
AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE FOR
AND ON BEHALF OF THE CITY OF BALDWIN PARK A COOPERATIVE
AGREEMENT BETWEEN THE COUNTY OF LOS ANGELES AND THE
CITY OF BALDWIN PARK 4038 PUENTE AVENUE)
WHEREAS, there is a shortage in the County of Los Angeles
the County") and in the City of Baldwin Park the City") of
decent, safe and sanitary housing, particularly of housing afford-
able by persons in the lower end of the purchasing spectrum, and a
consequent need to encourage the construction of homes affordable
by such persons and otherwise to increase the housing supply in
the County and in the City of such persons; and
WHEREAS, the Board of Supervisors of the County has
adopted an ordinance declaring its intent to engage in a home
mortgage finance program the Program") pursuant to Chapters 1-5
of Part 5 of Division 31 of the Health and Safety Code of the State
of California the Act") and to issue bonds pursuant to the Act to
provide funds for the Program; and
WHEREAS, the Council finds and determines that it is in
the best interest of the City to adopt the Program and to consent
to the operation of the Program by the County within the
geographic boundaries of the City pursuant to the Act.
NOW, THEREFORE, BE IT RESOLVED, by the Council of the
City of Baldwin Park 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 operation of the Program by the County
with respect to all property located within the geographical
boundaries of the City.
SECTION 2. The Cooperative Agreement between the County
and the City the Agreement"), a copy of which is attached hereto
as Exhibit A, is hereby approved, and the Mayor and City Clerk are
hereby authorized and directed to execute and deliver said
Agreement, for an in the name and on behalf of the City. The Mayor,
with the advice and consent of the City Atorney, is authorized to
approve any additions to or changes in the form of said Agreement
which they deem necessary or advisable, their approval of such
additions or changes to be conclusively evidenced by execution by
the Mayor of said Agreement as so added to or changed. The Mayor,
with the advice and consent of the City Attorney, is further
authorized to enter into such additional agreement with the County,
execute such other documents or 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, j
APPROVED and ADOPTED this 6th/day of June, 1984.
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1984 043 CC RESO (Ìì ê Resolution No. 84- 43
Page Two
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES) SS.
CITY OF BALDWIN PARK
I, LINDA L. GAIR, City Clerk of the City of Baldwin
Park do hereby certify that the foregoing Resolution was
regularly approved and passed at a REGULAR MEETING of the
Baldwin Park City Council on the 6th day of June, 1984, by the
following vote:
AYES: COUNCILMEN GIBSON, IZELL, McNEILL AND MAYOR PRO TEM KING
NOES: COUNCILMEN NONE____________________________________
ABSENT: COUNCILMEN MAYOR WHITE
L. G^R, CITY CLERK
BIB]
37673-U01
1984-U02
043-U02
CC-U02
RESO-U02
LI3-U03
FO2126-U03
FO10091-U03
DO10264-U03
C6-U03
RESO-U03
2/20/2003-U04
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