HomeMy WebLinkAboutResolutions 85-391 N.C.S. 12/16/1985Resolution 1~10. 85-391 N. C. S.
o;f the City of PetaTuma, Californ~ia
AUTHORIZING THE CITY' MANAGER
TO SIGN AN~D ACCEPT.
DEVELOPER COMMITMENT _LETTERS
WHEREAS, the City of Petaluma is undertaking a Home Mortgage.
Finance Program; and,
WHEREAS, it is fhe intent of the City to apply for an allocation of
qualified mortgage bonds from the State of California not to exceed
$15,000,000; and,
WHEREAS, it is requir.ed that developers :inter.ested in participating in
the qualified mortgage bond program commit projects and funds prior to
that allocation :
NOW, THEREFORE, IT IS HEREBY RESOLVED that the City Manager of
the City of Petaluma is hereby authorized to sign on behalf of the City of
Petaluma- and accept developer commitment letters.
develo~e~~I~~}~'~~liority conferred upon tHis Council by the Gharter of said
_ ,
I hereby certify'the foregoing Resolution ~vas introduced arid adopted by the
, y : E ~
• Council of the City of Petaluma at a(Regular) ~2ti~X~ meeting
16th December, 1.~ _...t__, 1985:.., by the
on the -•-. ••••-••••-••- day of .••- ••-• ••--••• ~ ••••••-
~..` i ~t t s
following vote; ~ ,_~ t t t 1
,. ' ': 3 i
- ~: # ; F i t
AYES: Cavariagh, Davis, TOVoolsey, Tencer, Vice Mayor Balstiaw; 1Vlayor 11~~ttei
~ _ _ ~ '~ ~ i~ ~ ~i ~
NOES• None i ' i `
(`.;+v
A p d as to
fo
•-• -• •-•----•- •••••••.......
ity. Attorney
. _ ~ a t . .
ABSENT: Bond
_~ ~ : . m
ATTEST: ._.._.. .-•- - - •••-••. . .: ...:.:...:: . ..' . '••- -•......••••••-.._....._... ......•••••
--•...-••••--•--~-.:.,....-••-.....-••-•• •-• .............••••......._....-••...........
_ C Clerk _ _ _ , Mayor
' Council File.. . .... .
~~;eA a_ ~~si . ,~. rro... 85-~JY...N~~S