HomeMy WebLinkAboutResolutions 89-138 N.C.S. 05/15/1989~es®IlltlOirl N®. 89-138 N.C.S.
of the City of Petaluma, California
APPROVING AN AMENDMENT TO THE 1989
PETALUMA AFFORDABLE HOUSING PROGRAM
WHEREAS, the City of Petaluma has made available in-lieu funding for second
mortgages for participants in the Affordable Housing Program; and
WHEREAS, the program participants selected for 1989 fiscal year are having
great difficulty locating houses within the price limit guidelines;
NOW, THEREFORE, BE IT RESOLVED that the price limitation guidelines
outlined in the 1989 program are hereby removed thus allowing the home price
for program participants to reflect only the participant's ability to make the
requisite down payment and appropriate first mortgage monthly payments.
reso. afford. housing/pd28
Under the power and authority conferred upon this Council by the Charter of said City.
REFERENCE: I hereby certify the foregoing Resolution was introduced and adopted by the Approved as t
Council of the City of Petaluma at a (Regular) (t,q~n~~~3~effi1) meeting {O~ ,,.
~~.
on the .--.-15.th--...-----. day of ..............May.....................-..---...--.....-., 19.89.., by the
following vote:
Ci At rney
AYES: Cavanagh, Sobel, Woolsey, Balshaw, Vice Mayor Davis, Mayor Hilligoss
NOES: ~
ABSENT: Te c r
ATTEST: .-..- .... .. .-. .-...- - • -• ....................................
City Clerkp~ nii ~~~~/ y/
LJ ~ P V Y I ~ 1 ~ ~ ~ ~~1~4uncil File.......--°---..
CA ]0-55 ass. N~.....8.9.-.13.8
Mayor
N.C.S.