1983-05 RESOLUTION NO. 83-05
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GRAND TERRACE, CALIFORNIA, 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 AND ON BEHALF
OF THE CITY A COOPERATIVE AGREEMENT BETWEEN THE
COUNTY OF SAN BERNARDINO AND THE CITY.
WHEREAS, there is a shortage in the County of San Bernardino (the
"County" ) and in the City of Grand Terrace (the "City") of decent,;:safe, and
sanitary housing, particularly of housing affordable by persons i-n Ahe lower
end of the purchasing spectrum, and a consequent need to encourage.'the
construction of homes affordable by such persons and otherwise to increase theme',-
housing supply in the County and in the City for such persons; and:-
WHEREAS, the Board of Supervisors of the County has adopted -0rdinance
No. 2496 declaring its intent to engage in a housing finance revenue bond
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, this 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, THE CITY COUNCIL OF THE CITY OF GRAND TERRACE DOES
HEREBY RESOLVE, DECLARE, DETERMINE, AND ORDER AS FOLLOWS:
J
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 operation of the Program by the County with respect to all property
located within the geographical boundaries of the City.
SECTION 2. The cooperative agreement, dated as of March 1, 1983,
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 the 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, and 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 this 24th day of February, 1983
ATTEST:
i ty, r. o the City o r Mayor o i ty-,qf Grand T6rrW_e
-:�Terrae _and of the City Council and of the City Coubecil thereof.
thereof.
Approved as to form:
City Attorney
-2-
STATE OF CALIFORNIA )
COUNTY OF SAN BERNARDINO ) ss.
CITY OF GRAND TERRACE )
I, MYRNA ERWAY, City Clerk of the City of Grand Terrace, DO HEREBY
CERTIFY that the foregoing Resolution was duly adopted by the City Council of
said City at a regular meeting of the City Council held on the 24th day of
February, 1983, and that it was so adopted by the following vote:
AYES: Councilmembers Rigley, Petta, Nix, Pfennighausen
Mayor Grant.
NOES: None.
ABSENT: None.
i ty Cle rk/,bf-the Ci ty f Grand ace^
and of the City Council there-of. _V
STATE OF CALIFORNIA )
COUNTY OF SAN BERNARDINO ) ss.
CITY OF GRAND TERRACE )
I, MYRNA ERWAY, City Clerk of the City of Grand Terrace, DO HEREBY
CERTIFY that the above and foregoing is a full , true, and correct copy of
Resolution No. 83-05 of said City, and that the same has not been amended or
repealed.
DATED: February 24, 1983.
City C er t e City of fir.--and,: a ace
and of the ity Council thereof.' -