HomeMy WebLinkAboutResolution No. 4564 RESOLUTION NO. 4564
A RESOLUTION OF THE DOWNEY CITY COUNCIL
ADOPTING A COOPERATIVE AGREEMENT
BETWEEN THE COUNTY OF LOS ANGELES
AND THE CITY OF DOWNEY
WHEREAS, the County of Los Angeles (the "County ") has determined to
engage in a multi - family rental housing finance program pursuant to Part 5 of
Division 31 of the Health and Safety Code of the State of California (the
"Act ") to make or acquire, directly or indirectly, loans to finance the
construction or acquisition of multi - family rental housing in the County, all
as provided for in the Act (the "Program ");
WHEREAS, the County, pursuant to the Act, has established the
Program and has determined to cooperate with the City of Downey (the "City ")
pursuant to the Act in the exercise of its powers under the Act for the
purposes of the Program; and
WHEREAS, the City has adopted the Program and determined to
cooperate with the County pursuant to the Act in the exercise of its powers
under the Act for the purposes of the Program;
NOW, THEREFORE, BE IT RESOLVED, as follows:
SECTION 1. The proposed form of cooperative agreement (the
"Cooperative Agreement ") between the County and the City, in substantially the
form presented to this meeting, is hereby approved.
SECTION 2. The Mayor 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 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.
SECTION 3. This resolution shall take effect immediately upon its
passage and adoption.
APPROVED AND ADOPTED this 23rd day of April , 1985.
Randall R. ayor
ATTEST:
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City Cler
I HEREBY CERTIFY that the foregoing Resolution was adopted by the
Downey City Council at a regular meeting thereof held on the 23rd day
of April , 1985, by the following vote:
AYES: 5 Council Members: Davila, Santangelo, Boggs, Cormack, Barb
NOES: 0 Council Members: None
ABSENT:0 Council Members: None
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