Loading...
HomeMy WebLinkAbout5154_CCv0001.pdf RESOLUTION 5154 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDLANDS, CALIFORNIA APPROVING A HOME MORTGAGE FINANCE PROGRAM IN COOPERATION WITH THE COUNTY OF SAN BERNARDINO AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE FOR AND ON BEHALF OF THE CITY A COOPERATIVE AGREEMENT BETWEEN THE COUNTY OF SAN BERNNARDINO AND THE CITY RESOLVED, by the City Council (the "Council") of the City of Redlands (the "City")that: WHEREAS, there is a shortage in the County of San Bernardino (the "County") and in 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 WHEREAS, the Board of Supervisors of the County has adopted an ordinance pursuant to which the County has engaged and will engage in a hone 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 County contemplates entering into a joint powers agreement("JPA")under the Marks-Roos Local Bond Pooling Act of 1985 (Gov't Code 6584 et seq.) (the "Bond Law"); and WHEREAS, the Council finds and determines that it is in the best interest of the Cite to adopt the Program and to consent to the operation of the Program by the County, separately or as a participant in a JPA, within the geographic boundaries of the City pursuant to the Acta NOW,THEREFORE,BE IT ORDERED,by the Council of the City of Redlands,as follows: SECTION 1. Each of the foregoing recitals is true and correct. SECTION ?. 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 3. The Cooperative Agreement between the County and the City (the "Agreement"), in substantially the form 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 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 necessati or advisable, their approval of such additions or changes to be conclusively evidenced by execution by the Mayor of said Agreement as so added or changed. The Mayor,Nx ith the advice and consent of the City Attorney, is hither authorized to enter into such additional agreements Arith 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. SECTIQN 4. The officers and employees of the City are hereby authorized and directed,jointly and severally,to do any and all things necessary or advisable in order to effectuate the purposes of this Resolution. SECTION 5. This Resolution shall take effect from and after its adoption. PASSED, APPROVED, AND ADOPTED, this 21st day of February 1995. Mayor, City of Redlands ATTEST: City Cler , City ofFJ ds 1, Lorne Poyzer, City Clerk of the City of Redlands, hereby certify that the foregoing Resolution was: duly adopted by the City Council at a regular meeting thereof, held on the 21 st day of February, 1995, by the follo Mng vote: AYES: Councilmembers Foster, Gilbreath, Gil; Mavor Larson NOES: none ABSTAIN: None ABSENT: Councilmember Cunningham City C EXHIBIT A COOPERATIVE AGREEMENT BETWEEN THE COLNTY OF SAN BERNARDINO AND THE CITY OF REDLANDS THIS COOPERATIVE AGREEMENT (this "Agreement"), made and entered into as of January 1, 1995 by and between the County of San Bernardino, a political subdivision of the State of California (the "City"). WITNESSETH: WHEREAS, the County has engaged and will continue to engage in a home-mortgage finance program pursuant to Chapters 105 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 Resolution No. 5154 and has determined to cooperate with the City pursuant to the Act in the exercise of its powers under the Act for purposes of the Program; and WHEREAS,the County contemplates entering into a joint powers agreement("JPA")under the Marks-Roos Local Bond Pooling Act of 1985 (Gov't code 6584 et seq.) the "Bond Law"); NOW, THEREFORE, in consideration of the mutual covenants hereinafter provided. the parties hereto agree as follows: SECTION 1. The terms used in this Agreement shall, 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, either separately or as a participant in a JPA, including the issuance by it from time to time of revenue bonds therefor pursuant to the Act. SECTION 3. The City hereby agrees to cooperate with the County, either separately or as a participant in a JPA, 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. The County may enter into cooperative agreements with other political subdivisions within the County, and nothing in this Agreement shall prevent the County from entering into one or more additional such agreements with other political subdivisions within the County. if deemed necessary and advisable to do so by the County. SECTIQN 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 'V"lTNESS 'WHEREOF,the parties hereto have caused this Cooperative 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. COUNTY OF SAWN BERNARDINO CITY OF REDLANDS Bv: wen arson, mayor ATTEST: EARLENE SPROAT Clerk of the Board of Supervisors ATTEST: By: By Lorri,W Pcyzer,6'1�*7L'FerR- APPROVED AS TO FORM: Date: February 22, 1995 ALAN' K. MARKS COUNTY COUNSEL By: Paul St. John, Deputy. DATE: