HomeMy WebLinkAbout3827_CCv0001.pdf RESOLUTION NO. 3827
A RESOLUTION ADOPTING A HOUSING FINANCE REVENUE BOND PROGRAM IN
COOPERATION WITH THE COUNTY OF SAN BERNARDINO AND AUTHORIZING THE
MAYOR AND CITY CLERK TO EXECUTE FOR A14D ON BEHALF OF THE CITY OF
REDLANDS A COOPERATIVE AGREEMENT BETWEEN THE COUNTY OF SAN BERNARDINO
AND THE CITY OF REDLANDS
WHEREAS, 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
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 declaring its intent to engage in a housing finance revenue
bond program (the "Program" ) pursuant to 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, this Council finds and determines that it is in the best
interest of the City to adopt the Program and to consent to the opera-
tion 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 :
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 with respect to all property
located within the geographical boundaries of the City.
2 . The cooperative agreement, dated May 4, 1982, between the
County and the City (the "Agreement") , a copy of which is 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
necessary or advisable, their approval of such additions or changes to
be conclusively evidenced by the execution by the Mayor of said Agree-
ment 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.
ADOPTED, SIGNED AND APPROVED this 4th day of May, 1982 .
ATTEST:
Mayo of the City of Redlands
Cit k