HomeMy WebLinkAbout95-027 - ResolutionsRESOLUTION NO. 95-027
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
RANCHO CUCAMONGA, CALIFORNIA, APPROVING JOINT
POWERS AGREEMENT BY AND AMONG THE CITY OF
RANCHO CUCAMONGA AND THE CITY OF CHINO FOR THE
PURPOSE OF FINANCING HOME MORTGAGES AND
PROVIDING FOR IMPLEMENTATION OF HOME MORTGAGE
FINANCING PROGRAM
RESOLVED, by the City Council of the City of Rancho Cucamonga as follows:
That this City make and enter into a "Joint Powers Agreement to create Rancho
Cucamonga-Chino Housing Finance Agency to Exercise Common Powers of the
Cities of Rancho Cucamonga and Chino to Finance Home Mortgages pursuant
to Part 5 of Division 31 of the Health and Safety Code of the State of Califomia";
such Joint Powers Agreement to be in form this day presented to the City
Council, and the Mayor is hereby authorized to execute such Joint Powers
Agreement on behalf of the City and the City Clerk is authorized to attest the
Mayor's signature thereto and to affix thereto the seal of the City.
That in accordance with Section 3, of the Joint Powers Agreement, the Mayor,
or in his absence, the Mayor Pro-Tem, a member of this City Council, is hereby
designated as the initial member of the Board of Directors of the Agency acting
on behalf of the City of Rancho Cucamonga, such member to serve at the
pleasure of this City Council.
3. That the City staff is authorized and directed to implement a Home Mortgage
Financing Program in accordance with the Joint Power Agreement.
PASSED, APPROVED, AND ADOPTED this 1st day of March, 1995.
Alexander, Biane, Curatalo, Gutierrez, Williams
None
None
AYES:
NOES:
ABSENT:
William J)~/klexander, Mayor
Resolution No. 95-027
Page 2
ATTEST:
I, DEBRA J. ADAMS, CITY CLERK of the City of Rancho Cucamonga, California, do hereby
certify that the foregoing Resolution was duly passed, approved, and adopted by the City Council
of the City of Rancho Cucamonga, California, at a regular meeting of said City Council held on
the 1st day of March, 1995.
Executed this 2nd day of March, 1995, at Rancho Cucamonga, Califomia.
Debra J. Adams, CMC, City Clerk