Resolution Number 87-11-17-5RESOLUTION NO. 87-11-17-5 3"
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN
JUAN CAPISTRANO, CALIFORNIA, ADOPTING A HOME
MORTGAGE FINANCE PROGRAM IN COOPERATION WITH THE
COUNTY OF ORANGE (CASA DE CAPISTRANO)
WHEREAS, there is a shortage in the County of Orange (the "County") and ih
the City of San Juan Capistrano (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, purchase and
rehabilitation of homes affordable by such persons and otherwise to increase the housing
supply in the City and in the County for such persons; and,
WHEREAS, the Board of Supervisors of the County has resolved to engage in a
home mortgage finance program (the "Program") pursuant to Part 5 of Division 31 of the
Health and Safety Code of the State of California (the "Act") for persons and families
within the income limits established by the Act and has determined to issue revenue
bonds pursuant to the Act to provide funds for the Program; and,
WHEREAS, this City finds and determines that it is in the best interest of the
City to adopt the Program and to consent to the implementation of the Program by the
County within the geographic boundaries of the City pursuant to the Act.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of San
Juan Capistrano as follows:
SECTION 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 implementation of the program
by the County with respect to all property located within the geographic boundaries of
the City pursuant to the Act.
SECTION 2.
The agreement, to be dated upon approval by the County Board of Supervisors,
between the County and the City (the "Cooperative Agreement"), in substantially the
form submitted to this meeting, is hereby approved; and the Mayor of the City is hereby
authorized and directed to execute and deliver the same, for and in the name and on
behalf of the City, and to approve any additions to or changes in said form thereof which
they deem necessary or advisable, their approval of such additions or changes to be
conclusively evidenced by their execution of the Cooperative Agreement as so added to
or changed. The Mayor of the City is further authorized to enter into such additional
agreements with the County, execute such other documents and take such other actions
as they may deem necessary or appropriate to carry out the purpose and intent of the
Cooperative Agreement or to cooperate in the implementation of the program.
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228 SECTION 3. This resolution shall take effect immediately upon its adoption.
PASSED, APPROVED, AND ADOPTED this
of November ,1987.
ATTEST:
17th
ANTHONY L. BOAD, MAYOR
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF SAN JUAN CAPISTRANO )
day
I, MARY ANN HANOVER, City Clerk of the City of San Juan Capistrano,
California, DO HEREBY CERTIFY that the foregoing is a true and correct copy of
Resolution No. 87-11-17-5 adopted by the City Council of the City of San Juan
Capistrano, California, at a regular meeting thereof held on the 17th day
of November , 1987, by the following vote:
AYES: Councilmen Schwartze, Friess, Buchheim,
Hausdorfer, and Mayor Bland
NOES: None
ABSENT: None
(SEAL)
MARY ANN NOVER, CITY CLERK
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