1995-01 r S
RESOLUTION 95-01
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF Grand Terrace- ,
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 BERNARDINO AND
THE CITY OF GRAND TERRACE.
On January 26 t h _, 1995, on motion ,of Council. . Member
Singlet/ , duly seconded by Council Member Buchanan , and
carried, the following Resolution.is adopted.
RESOLVED,'by the City Council (the "Council") of the City of Grand Terrace (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 home 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 ("7PA")
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
City to adopt the Program and to consent to the operation of the Program by the County,
separately or as a participant in a 7PA, within the geographic boundaries of the City pursuant
to the Act;
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NOW, THEREFORE, BE IT ORDERED, by the Council of the City of
Grand Terrace , as follows:
SECTION 1; Each of the foregoing recitals is true and correct.
SECTION 2. 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 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. The offices 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.
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SECTION 5.. This Resolution shall take effect from and after its adoption.
PASSED, APPROVED, AND ADOPTED, j a n i i s r V Z 1 1995, by the following vote:
Councilmembers Hilkey, Singley, and Buchanan; Mayor Proi_Tem:cCarlstrom;
AYES: Mayor ..
Matheson _
_ - _ . _ _,��. _.. . . _L:.., ; , '� ._
NOES: .None.
ABSTAIN:' None
ABSENT: None
Mayor
City JArand"Tprrarp
ATTEST:
&,ewda,
Clerk
City of Grand Terrace
Ap r ved As T o Form
City Attorn..e ,
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