HomeMy WebLinkAboutResolutions 84-311 N.C.S. 12/03/1984i~B
R~SOIUtI®Yl No 84-311 N. C. S.
of the City of Petaluma, California
AUTHORIZING THE CITY MANAGER
TO SIGN AND .ACCEPT
DEVELOPER COMMITMENT LETTERS
WHEREAS, the City of Petaluma is undertaking a Home Mortgage
Finance Program; and,
WHEREAS, it is the intent of the City to apply for an allocation of
qualified. mortgage bonds from the State of California not to exceed
$20,000,000; and,
WHEREAS, it is required that developers interested 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 .
develop~,~p~~~~;~}~ority conferred upon this Council by the Charter of said City.
I hereby certify the foregoing Resolution was introduced. and adopted by the Approved as to
Council of the City of Petaluma at a (Regular) (~d3~1~ (~~i~i) meeting form
on the ... 3.~:4~ ............. day of ..._.-....~~ G~?i?t?:4'.z:.................--....., 19. g4, by the
following voter ..-•---• - ' ---•-•-•------•-• .............
Attorney
AYES: Battaglia, Tencer, Cavanagh, Balshaw, Mayor Mattei
NOES: None
ABSENT: pe~y~~~~~ Mayor Bond
ATTEST: ...... ..."'. vv
City Clerk Mayor
count F~ie ...................{.... .........
Form CA 2 7/81 Res. No......8 ~ - ~ 1 j-
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