HomeMy WebLinkAboutCC RES 82-146RESOLUTION NO. 82- 146
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM DESERT,
CALIFORNIA, ADOPTING A HOME MORTGAGE FINANCE PROGRAM IN
, COOPERATION WITH THE COUNTY OF RIVERSIDE.
WHEREAS, there is a shortage in the County of Riverside (the "County") and in the
City of Palm Desert (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
declaring its intent to engage in a home mortgage finance program (the "Program")
pursuant to Chapters 1-5 of Part S 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 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, BE IT RESOLVED by the City Council of the City of Palm
Desert as follows:
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.
�.
PASSED APPROVED and ADOPTED this 4th day of November, I982, by the
following vote, to wit:
AYES: McPherson, Newbrander, Puluqi, Snyder ac Wilson
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST:
. .
SHEILA R. IGAN, CLERK
CITY OF PALM DESER , CALIFORNIA