HomeMy WebLinkAboutResolution 116-94 RESOLUTION NO. 116-94
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ATASCADERO
AUTHORIZING EXTENSION OF EXISTING COOPERATIVE AGREEMENT
REGARDING THE USE OF MORTGAGE CREDIT CERTIFICATES (MCC)
IN THE CITY OF ATASCADERO AND AUTHORIZING
APPLICATION FOR ADDITIONAL MCC AUTHORITY
WHEREAS, the City of Atascadero (the "City") and the Housing Authority of
the City of San Luis Obispo (the "Housing Authority") have previously entered into a
Cooperative Agreement under which the Housing Authority applied for and
administered a Mortgage Credit Certificate ("MCC") Program to assist first time
homebuyers in the City and throughout the County of San Luis Obispo; and
WHEREAS, the original MCC allocation has been used up and a new application
for MCC allocation is necessary to continue to provide the benefits of the MCC
Program to first time homebuyers in the City;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Atascadero:
Section 1. The Cooperative Agreement, dated as of September 28, 1993, between
the City and the Housing Authority is amended by adding the following new Section
8:
"Section 8. This Cooperative Agreement shall continue to be effective between
the City and the Housing Authority for so long as the MCC Program continues in
effect, unless sooner terminated pursuant to Section 5, and no further amendments
shall be required to take account of future allocations of MCC authority to be used by
the Housing Authority within the City and other areas of the County."
Section 2. The Housing Authority is authorized to make application for present and
future MCC authority to the California Debt Limit Allocation Committee on behalf of
the City to the extent necessary to maintain the availability of the MCC Program
within the City.
Section 3. The Mayor or City Manager is authorized and directed to execute and
deliver the amended Cooperative Agreement, for and in the name and on behalf of the
City. The Mayor or City Manager is authorized to approve any additions to or changes
in the form of the Agreement deemed necessary or advisable, approval of such
additions or changes to be conclusively evidenced by the execution by the Mayor or
City Manager of the Cooperative Agreement as so added or changed. The Mayor or
City Manager is further authorized to enter into such additional agreements with the
Housing Authority, execute such other documents, or take such other actions
Resolution No. 116-94
Page 2
as they may deem necessary or appropriate to carry out the purpose and intent of the
Cooperative Agreement or to cooperate in the implementation of the MCC Program.
Section 4. This resolution shall take effect immediately upon adoption.
On motion by Councilperson Luna, seconded by Councilperson Highland, the
foregoing resolution is hereby adopted in its entirety on the following roll call vote:
AYES: Councilmembers Carden, Highland, Johnson, Luna and Mayor Bewley
NOES: None
ABSENT: None
ADOPTED: November 8, 1994
CITY OF ATASCADERO
by:
R. DAVID BEWLEY, Mayor
ATTES
LEE PRICE, City Clerk
APPROVED AS TO FORM:
AR ER R.-WONTANPON, City Attorney
PREPARED BY:
Ak, g,:—,
HENRY EN EN
Community Development Director