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RESOLUTION NO. 72-87
A RESOLUTION ADOPTING A HOME MORTGAGE FINANCE
PROGRAM IN COOPERATION WITH THE COUNTY OF
CONTRA COSTA AND AUTHORIZING THE MAYOR AND
CITY CLERK TO EXECUYE FOR AND ON BEHALF OF
THE CITY OF Danville A COOPERATIVE
AGREEMENT BETWEEN THE COUNTY OF CONTRA COSTA
AND THE CITY OF Danville
WHEREAS, there is a shortage in the County of
Contra Costa (the "County") and in the City of Danville
(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 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");
WHEREAS, the County intends to issue bonds pursuant
to the Act to provide funds for the County's home mortgage
finance program (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 Danville , 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.
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2. The cooperative agreement, dated June 1, 1987,
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 the 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.
Passed and adopted by the City Council of the City
of Danville State of California, at its regular meeting
held on the 6th day of July , 1987, by the following
vote of the Council:
Aye s:
Councilmembers Kennett, Lane, McNeely,
Offenhartz, Schlendorf
Noes: None
Absent: None
ATTEST:
[ SEAL ]
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