HomeMy WebLinkAbout86-362 - Resolutions RESOLUTION NO. 86-362
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
CUCANONGA, CALIFORNIA, APPROVINC HOUSING POLICY REPORT OF
THE CITY OF RANCHO CUCANONGA UNDER INTERNAL REVENUE CODE
SECTION 103A AND DIRECTING ITS PUBLICATION
RESOLVED, by the City Council of the City of Rancho Cucamonga,
California, as follows:
WHEREAS, Section 103A(j)(5) of the Internal Revenue Code of 1954, as
amended, as implemented by proposed and temporary regulations of the Department
of the Treasury, Section 6a.103A-2(1), requires the applicable elected
representative of an issuer of qualified mortgage subsidy bonds to puvlxsh,
after public hearinS, a housins policy report; and
WRERE/~, this Council is the appliceble elected representarxve of the
City of Rancho Cucamonga which City proposes to issue in 1987 qualified
mort,age subsidy bonds; and
WHEREAS, this Council has received a draft honeinS policy repojt
dated December 17, 1986, and has revieved each and every part thereof and thxs
Council has conducted a duly noticed public hearing; and
WHEREAS, it is in the public interest and for the public benefit that
said housing policy report be approved and published.
NOW, TItEREFORE, it is hereby ORDERED and DETHRNINED as follows:
1. The City ltanager of the City is hereby authorized and
directed to prepare a summary of the comments made at
the aforesaid public bearing and to cause said summary
to be included as a part of the Policy Report under
Section 103A.
2. The report of the City of Rancho CucamonSa entitled,
*~olicy Report Under Section 103A', and dated December
17, 1986, is hereby approved with the inclusion of
said summary of comments.
3. The Nayor of the City, as a member of this Council, is
hereby authorized and directed to execute said report
on behalf of this Council as the duly elected
representative of the City.
4. This Council does hereby publish the Report by
authorizing and directing the City Clerk, and the City
Clerk is hereby so authorized and directed, to make
said Report available in the Office of the City Clerk
for distribution to the public.
5. The City Clerk of the City is hereby authorized and
directed to file the Report with the Internal Revenue
Service at the Internal Revenue Service Center,
Philadelphia, Pennsylvania 19255.
PASSED, APPROVED, and ADOPTED this 17th day of December, 1986.
Resolution No. 86-362
Page 2
AYES: Brown, Stout, King, ~/right
NOES: None
ABSENT: Buquet
' Dennis L.~'~Out, Mayor
ATTEST:
Beverly [. Anthel~[, City Clerk
I, BEVERLY A. AUT!IELKT, CITY CLERK of the City of Rancho Cucamonga,
California, do hereby certify that the foregoing Resolution vas duly passed, ·
approved, and adopted by the City Council of the City of Rancho Cucamonga,
California, at a reaular meeting of said City Council held on the 17th day of
D~cember, 198~.
Executed this 18th day of D~cember, 198~ at Rancho Cucamonga,
California.
Beverly A. ~thelet, City Clerk