HomeMy WebLinkAboutContracts & Agreements_32-1988_CCv0001.pdf COOPERATIVE AGREEMENT BETWEEN THE COUNTY
OF SAN BERNARDIISO? AND THE CITY OF REDLANDS
THIS COOPERATIVE AGREEMENT (this "Agreement" ) , made
and entered into as of July 1, 1988 by and between the County
of San Bernardino, a political subdivision of the State of
California (the "County" ) , and the City of Redlands, a
i
political subdivision of the State of California {the "CJtyff
W I T N E S S E T H:
WHEREAS, the County has determined to engage in a
home mortgage finance 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" ) to make or acquire, directly
or indirectly, loans to finance the construction or
acquisition of homes in the County, all as provided for in the
Act (the "Program" ) ; and
WHEREAS, the County, pursuant to the Act, has
adopted the Program by Ordinance No. 2496 and has deterM4ned
.L
to cooperate with the City pursuant to the Act in the exercise
of its powers under the Act for purposes of the Program;
NOW, THEREFORE, in consideration of the mutual
covenants hereinafter provided, the parties hereto agree as
follows:
SECTIO 1 . The terms used in this Agreement shall,
t
for all purposes of this Agreement, unless otherwise defined
herein, have the meanings assigned to such terms in the Act.
SECTION 2 . The County agrees to undertake the
Program, including the issuance by it of revenue bonds
therefor pursuant to the Act as soon as practicable.
SECTION 3 . The City herelDy agrees to cooperate with
the County in the exercise jointly or otherwise of their
powers for the purpose of financing home mortgages pursuant to
the Act by agreeing that the County shall exercise its powers
to make or acquire home mortgages under the Program, all as
more specifically set forth in the Act, with respect to
property located within the geographic boundaries of the City.
SECTION 4. The City agrees to undertake such
further proceedings or actions as may be necessary in order to
carry out the terms and the intent of this Agreement. Nothing
in this Agreement shall prevent the County from entering into
one or more agreements with. other political subdivisions
within the County, if deemed necessary and advisable to do so
by the County.
SECTION 5. This Agreement may be amended by one or
more supplemental agreements executed by the County and the
City at any time, except that no such amendment or supplement
shall be made which shall adversely affect the rights of the
holders of any bonds issued by the County pursuant to the Act
in connection with the Program.
IN WITNESS WHEREOF, the parties hereto have caused
this Agreement to be executed and attested by their proper
officers thereunto duly authorized, and their official seals
to be hereto affixed, all as of the day and year first above
written.
r
COUNTY OF SAN BERNARD INO CITY OF REDLANDS
By
By
Chairmazi Board of Mayor
Supervisors
ATTEST: ATTEST:
By Byr
Deputy Clerk, Boa__rfd-
A y City "' Clerk
of Supervisors
APPROVED AS TO FORM: APPROVED AS TO FORM:
COUNTY COUNSEL
By sl Best, Best & Krieger
Deputy City Attorney
2
RESOLUTION No. 4420
A RESOLUTION CP THE CITY COUNCIL CSE THE CITY OF REDLANDS
APPROVING A HOME MORTGAGE FINANCE PROGRAM IN COOPERATION
WITH THE COUNTY OF SAN BERNARDINO AND AUTHORIZING THE
MAYOR AND CITY CLERIC TO EXECUTE FOR AND CIS BEHALF OF THE
CITY A COOPERATIVE AGREEMENT BETWEEN 1 ,ZOUNTY OF SAN
BER DING AND THE CI
AS, there is a shortage in the County of San
Bernardino (the "County" ) and in the City of Redlands (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 meed 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
WHEREAS, the Beard 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
e 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 Redlands, as follows;
SECTIO? 1. Each of the .foregoing recitals is true
and correct.
SECTIO c. The City hereby adopts the Program for
e purpose of increasing the hosing supply in the County and
in the Cult 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 3 . The Cooperative Agreement between the
County and the City e "Agreement` ) , in substantially the
form attached hereto, 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, 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.
SECTION 4. This Resolution shall take effect from
and after its adoption.
PASSED, APPROVED AND ADOPTED this 6th day of
SePtember 1-988, by the following vote:
Ayes: Counci lrrembers Wormser, DeMirjyn, Johnson, Cunningham;
Mayor Beswick
Noes: None
Absent: None
,17
Mayor
ATTEST:
At
Cit-," 1' rk
SEAL