HomeMy WebLinkAboutCity Council - 6184 RESOLUTION NO. 6184
A RESOLUTION APPROVING A HOME MORTGAGE FINANCE PROGRAM
IN COOPERATION WITH THE COUNTY OF ORANGE AND
AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE FOR AND
ON BEHALF OF THE CITY OF HUNTINGTON BEACH A COOPERATIVE
AGREEMENT BETWEEN THE COUNTY OF ORANGE AND
THE CITY OF HUNTINGTON BEACH
WHEREAS, there is a shortage in the County of Orange (the
"County") and in the City of Huntington Beach (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 of homes
affordable by such persons and otherwise to increase the housing
supply in the County and in the City for such persons; and
The Board of Supervisors of the County has adopted an
ordinance declaring its intent to engage in a home mortgage
finance ro r m p g a (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 intends to issue bonds pursuant to the
Act in collaboration with other southern California counties,
through and as a member of the Southern California Home Financing
Authority (the "Authority") , a joint powers authority, to provide
funds for the Program; and
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 and the Authority within
the geographic boundaries of the City pursuant to the Act.
NOW, THEREFORE, BE IT RESOLVED, by the Council of the City of
Huntington Beach, as follows :
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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 and the
Authority with respect to all property located within the
geographical boundaries of the City.
2. The Cooperative Agreement between the County and the City
(the "Agreement") , in substantially the form presented to this
meeting, is hereby approved, and the Mayor and City Clerk are
hereby authorized and directed to execute and deliver said
Agreement, for and in the name and on behalf of the City. The
Mayor, with the advice and consent of the City Attorney, 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
agreements with the County or the Authority, 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.
PASSED, APPROVED AND ADOPTED this 16th day of July ,
1990 .
Mayor
ATT ST: . APPROVED AS TO FORM:
City Clerk City Attorney �A- -ID-
C-1-(I
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6184
Res. No. 6184
STATE OF CALIFORNIA
COUNTY OF ORANGE ss:
CITY OF HUNTINGTON BEACH )
I, CONNIE BROCKWAY, the duly elected, qualified City
Clerk of the City of Huntington Beach, and ex-officio Clerk of the
City Council of 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 resolution was passed and adopted by the affirmative
vote of at least a majority of all the members of said City Council
at a regular meeting thereof held on the 16th day
of July 19 U _, by the following vote:
AYES: Councilmembers:
MacAllister. Winchell, Green, Mays, Bannister, Silva, Erskine
NOES: Councilmembers:
None
ABSENT: Councilmembers:
None
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city ClerF and ex-officao Clerk—
of the City Council of the City
of Huntington Beach, California