HomeMy WebLinkAboutResolutions 9933 N.C.S. 10/11/1983Resolution No. ~ 9~~ N. C. S.
~ _
of the City of Pefialuma, California
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF PETALUMA AUTHORIZING THE CITY MANAGER
TO SIGN AND ACCEPT DEVELOPER
COMMIT1vIENT LETTERS
WHEREAS, the City of Petaluma is undertaking a Home Iviortgage 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
$60,000,000: and,
WHEREAS, it is required that developers~ interested in participating in
the qualified mortgage bond program commit projects and funds prior to that
allocation ; :
NOW, THEREFORE, IT IS HEREBY RESOLVED that the City Manager of
the City of Petaluma is hereby authorized to sign on behalf of the City of
Petaluma and accept developer commitment letters.
Under the power and authority conferred upon this Council by the Charter of said City.
I hereby certify the foregoing Resolution was introduced and adopted by the A roved as to
Council of the City of Petaluma at a(~$kdfI~ (Adjourned) ~ meeting form
on the .._..._.~„~.:~kl--••-- day of ...__Q~:t1J.~Er....,:•• .......................... 19_..8.3y by the ( .,
' i ~
following vote: ~ ..•-•-•.: •• -• - ~--••••••••-••--.._...
. / ity Attomey
AYES: Balshaw/Battaglia/Bond/Cavanagh/Perry/Vice-Mayor Harbe on/
Mayor Mattei
NOES: None '
ABSENT: Non l ~
L~' ~ ~
.................••-••-•••--••.....-•-••--•... ..•••--.... .A.vr~t~-.•-•-••-•-• -
ATTEST: - - ••-••--• ... ................ .•••-•••-• ... .. -
- -----•----...--• .............•------......--•-•---•
City Clerk Vice May
co~,~,i F;ie ....................................
Form CA 2 7/81 Rca. No...........9_~..~.~....~ . C. 5.