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HomeMy WebLinkAbout85-342 - ResolutionsRESOLUTION NO. 85-3~2 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, APPROVlNG HOUSING POLICY REPORT UNDER INTERNAL REVENUE CODE SECTION 103A AND DIRECTING ITS PUBLICATION RESOLVED, by the City Council of the City of Rancho Cucamonga, California, as follows: WHEREA~, Section 103A(J)(5) of the Internal Revenue Code of 1954, as Mended, as implemented by Section 6a.103A-2(1) of the temporary regulations of the Department of the Treasury, requi~es the applicable elected representative of an issuer of qualified mortgage bonds to publish, after public hearing, a housing policy PepoPt; WHEREAS, this Council is the applicable elected representative of the City of Rancho Cucamonga, which City proposes to issue qualified mortgage bonds in 1986; WHEREAS, this Council has received a proposed housing policy report entitled, "Policy Report Under Section 103A", a copy of which is on file fn the Office of the City Clerk, and has reviewed said report and each and every part thereof; W~EREAS, copies of the report have been made available to affected residents of the City in the Office of the City Clerk, and a public hearing on the housing, development and low-income housing assistance policies which the City is to follow. in issuing qualified mortgage bonds has been duly held following published notice thereof; and WHEREAS, it is in the public interest and for the public benefit that said housing policy report be approved and published; NOW, THEREFORE, it is hereby ORDERED and DETERMINED as follows: 1.The report of the City entitled, "Policy Report Under Section 103A," is hereby approved. 2.This Council does hereby direct the publication of said report by authorizing and directing the City Clerk, and the City Clerk is hereby so authorized and directed, to make copies of said Report available within two days of the date hereof in the Office of the City Clerk for distribution to the public. 3.The City Clerk is hereby authorized and directed to file said report with the Internal Revenue Service at the Internal Revenue Service Center, Philadelphia, Pennsylvania 19255. PASSED, APPROVED, and ADOPTED this 18th day of December, 1985. AYES Wright, Buquet, Mikeis, Dahl, King NOES: None ABSENT: None ATTEST: Beverly ~. Authelet, City Clerk Resolution No. 85-342 Page 2 I, BEVERLY A. AU~' ELET, CITY CLERK of the City of Rancho Cucamonga, California, do hereby cer':.~ that the foregoing Resolution was duly passed, approved, and adopted by tae City Counoil of the City of Ranoho Cuoamonga, at a regular meeting of said City Council held on the 18th day of December, 1985. Exeouted this 19th day of December, 1985 at Raneho Cueamonga, California.