HomeMy WebLinkAboutOrdinance #2460 I
ORDINANCE N0. 2460
AN ORDINANCE OF THE CITY OF HUNTINGTON BEACH
ADOPTING A HOME FINANCING PROGRAM AND AU-
THORIZING CITY OFFICERS TO IMPLEMENT THE
PROGRAM
WHEREAS, in Resolution No. 4926 , adopted on October 20,
1980, the Council of the City of Huntington Beach determined
that a substantial housing need exists in the city of Huntington
Beach (the "City") ; and
The Council of the city also declared, in Resolution
No. 4926 , its intent to issue notes and bonds, pursuant to
Part 5 of Division 31 of the Health and Safety Code of the State
of California (the "Act" ) , to provide financing for the acquisi-
tion, construction or rehabilitation of housing in the city; and
The Council of the city now finds and determines that it is
in the best interest of the city to engage in a home financing
program (the "Program") pursuant to the Act for persons and fami-
lies within income limits established by the Act for the purpose
of encouraging the construction, purchase, and rehabilitation of
homes affordable by such persons; and
Such encouragement of housing construction and rehabilita-
tion will increase the housing supply in the city; and
The Program shall comply with the Land Use Element and the
Housing Element of the General Plan of the city,
The City Council of the City of Huntington Beach does
ordain as follows:
1. The city hereby adopts the Program pursuant to the Act
and hereby determines to issue revenue bonds pursuant to said Act
to provide funds for said Program.
2. The city hereby finds and declares that the Program will
serve the public purpose of providing financing for decent, safe
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and sanitary housing that people in the lower end of the purchasing
spectrum can afford and ofincreasing the housing supply in the city.
3. The city shall operate the Program within the geographical
boundaries of the city.
4. The proper officers of the city are hereby further au-
thorized and directed to perform any acts and enter into and exe-
cute any additional agreements or other documents that they may
deem necessary or appropriate to implement the Program.
5. The provisions of this ordinance, being necessary for
the welfare of the city and its inhabitants , shall be liberally
construed to effect its purpose.
6. This ordinance shall take effect thirty days after its
adoption. The City Clerk shall certify to the passage of this
ordinance and cause same to be published within fifteen days after
adoption in the Huntington Beach Independent, a newspaper of
general circulation.
PASSED AND ADOPTED by the City Council of the City of
Huntington Beach at an adjourned, regular meeting thereof held
on the 27th day of october, 1980.
Mayor
ATTEST: APPROVED AS TO FORM:
ALICIA M. WENTWORTH, CITY CLERK
B
Deputy City Clerk City Attorney
INITIATED, REVIEWED AND APPROVED:
i
Acting City Adm nistrator
2.
Ord. No. 2460
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss:
CITY OF HUNTINGTON BEACH )
I, ALICIA M. WENTWORTH, the duly elected, qualified City
Clerk of the City of Huntington Beach and ex-officio Clerk of the
City Council of the said City, do hereby certify that the whole number
of members of the City Council of the City of Huntington Beach is seven
that the foregoing ordinance was read to said City Council at a regular
meeting thereof held on the 20th day of October
19 80_, and was again read to said City Council at a regular Adjourned
meeting thereof held on the 27th day of October 19 80 and
was passed and adopted by the affirmative vote of more than a majority of
all the members of said City Council.
AYES: Councilmen:
Pattinson, Thomas, Finley. Bailey, Kelly
NOES: Councilmen:
None
ABSENT: Councilmen:
MacAllister, Mandic
Alicia M. Wentworth
City Clerk and ex-officio Clerk
of the City Council of the City
of Huntington Beach, California
By:
Deputy