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HomeMy WebLinkAbout1981 009 CC RESO1981 009 CC RESO(Ììï(RESOLUTION NO. 81-9 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BALDWIN PARK DECLARING ITS INTENTION TO ENTER INTO AN AGREEMENT WITH THE CALIFORNIA HOUSING FINANCE AGENCY UNDER ITS PROGRAM FOR HOME OWNERSHIP/HOME IMPROVEMENT LOAN PROGRAM WHEREAS, the City of Baldwin Park hereinafter Locality") and the California Housing Finance Agency herein- after CHFA") wish to institute a program of financial assistance and provide related services to assist persons of low and moderate income to obtain decent, safe and sanitary housing through the Home Ownership and Home Improvement Program in Neighborhood Preservation Area(s) HOHI PROGRAM")7 and WHEREAS, CHFA has received and reviewed an application submitted by Locality for designation of an area within the Locality described in Exhibit A as a participating Neighborhood Preservation Area, and CHFA has agreed to designate such area Commitment Area"), NOW, THEREFORE, Locality and CHFA agree to the articles one through eight known as Local Government Agreement authorizing CHFA to give to the City of Baldwin Park $650,000.00 in conjunction with the Neighborhood Preservation Program, by means of below market interest loans to be used to rehabilitate eligible residential structures and to be used to pursue the purchasing of homes within the Neighborhood Preservation Area for low and moderate income families. SECTION 1. That the City Clerk shall certify to the adoption of this Resolution. APPROVED and ADOPTED/diis/21st day of January, 1981. 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 duly approved and adopted by the City Council of the City of Baldwin Park at a Regular Meeting of the City Council on the 21st day of January, 1981 AYES: NOES: ABSENT: COUNCILMEN KING. MrNPTT.T., Amn.AR HUTMA^ AW M/VYOR miTE COUNCILMEN NONE COUNCILMEN \fr\\Tn * I^J^v^j L. GAIR./tITY CLERK BIB] 37679-U01 1981-U02 009-U02 CC-U02 RESO-U02 LI3-U03 FO2126-U03 FO10414-U03 DO10651-U03 C6-U03 RESO-U03 2/26/2003-U04 ROBIN-U04 1981 009 CC RESO(Ììï( Base map reproduced by permission of the California State Automobile Association, copyright owner. Exhibit A" BIB] 37679-U01 1981-U02 009-U02 CC-U02 RESO-U02 LI3-U03 FO2126-U03 FO10414-U03 DO10651-U03 C6-U03 RESO-U03 2/26/2003-U04 ROBIN-U04