HomeMy WebLinkAbout1990-08-14 - RESOLUTIONS - HOUSING AUTHORITY COOP AGMT (2)RESOLUTION NO. 90-149
RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF SANTA CLARITA
STATE OF CALIFORNIA
RESOLUTION ADOPTING COOPERATIVE AGREEMENT
BETWEEN THE HOUSING AUTHORITY OF THE COUNTY OF LOS ANGELES
AND THE CITY OF SANTA CLARITA
WHEREAS, there is a shortage of safe and sanitary
housing within the County of Los Angeles (the "County") and
within the City of Santa Clarita (the "City"), particularly for
low and very low income persons, and a consequent need to
encourage the development of multifamily rental housing in the
County and in the City; and
WHEREAS, the Housing Authority of the County of Los
Angeles is authorized by the provisions of Section 34312.3 of
the Health and Safety Code of the State of California and
related provisions (the "Act") to issue revenue bonds to
^ finance the construction or acquisition of multifamily
projects; and
WHEREAS, the Housing Authority of the County of Los
Angeles has adopted a resolution of inducement for the Canyon
Club Apartments Project, a senior rental housing development
consisting of 169 units, located at 26035 Bouquet Canyon Road,
City of Santa Clarita; and in order to permanently finance the
Project, the County Housing Authority intends to issue
tax-exempt multifamily housing revenue bonds pursuant to the
Act; and
WHEREAS, the County Housing Authority and the City
may enter into an agreement to join or cooperate with one
another in the exercise jointly or otherwise of all of their
powers under the Act for the purpose of financing the Project.
THE CITY COUNCIL OF THE CITY OF SANTA CLARITA,
CALIFORNIA, RESOLVES:
1. The proposed form of cooperative agreement (the
"Cooperative Agreement") between the County Housing Authority
and the City, in substantially the form attached hereto, is
hereby approved.
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2. The City Manager is hereby authorized and
^ directed for and in the name of and on behalf of this Council
and the City, to execute and deliver the Cooperative Agreement
with the County Housing Authority in substantially said form,
with such additions thereto or changes therein as he may
recommend or approve upon consultation with the City Attorney,
the approval of such additions or changes to be evidenced
conclusively by the execution and delivery of the Cooperative
Agreement.
3. This resolution shall take effect immediately
upon its passage and adoption.
The City Clerk shall certify the adoption of this
Resolution.
PASSED, APPROVED AND ADOPTED this 14thday
of August , 1990 .
^ ATTES'
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CITY CLEM
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MAYOR
I HEREBY CERTIFY that the foregoing Resolution was
duly adopted by the City Council of the City of Santa Clarita
at a regular meeting thereof, held on the 14th day
of August 1990 , by the following vote of the
Council:
AYES: COUNCILMEMBERS Heidt, Klajic, McKeon, Darcy
NOES: COUNCILMEMBERS None
ABSENT: COUNCILMEMBERS Boyer
CI ERK
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