HomeMy WebLinkAboutResolution 94-212 08/01/1994 ResOlutio~ NO. 94-~7 ~ N.C.Q.
1 of the City of Petaluma, California
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6 RESOLUTION REPEALING RESOLUTION NO. 92-296 REGARDING THE LAND
7 PURCHASE OF THE CORONA RANCH APARTMENTS SITE
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11 WHEREAS, Resolution No. 92-296 was adopted to accommodate a requirement of a
12 major funding source (Low Income Housing Tax Credit program) for the development of
13 Corona Ranch Apartments; and
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15 WHEREAS the developer of Corona Ranch Apartments, Eden Housing Inc., has since re-
16 financed the project and that original requirement is no longer applicable; and
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18 WHEREAS the repealing of Resolution No. 92-296 fulfills the original intent of the
19 Petaluma City Council by providing affordable housing on land donated to the City by
20 certain developers of the Corona/Ely subdivisions;
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22 NOW, THEREFORE BE IT RESOLVED that Resolution No. 92-296 is hereby rescinded
23 and the City Manager is authorized to sign all necessary documents.
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43 resoeden/T~aer 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 to
Council of the City of Petaluma at a (Regular) ~~~~iggtgal) meeting fO~
on the .1.51 day of ..........1~i1,~~aS.~.........._................_.._., 1~.4...., by the
following vote:
't Att ey
AYES:Read, Hamilton, Shea, Vice Mayor Sobel, Mayor Hilligoss
NOES:None j
ABSENT: Parkerson, Bar
ATTEST : ......................1
y Clerk Mayor
(3oimcil Fila.._
CA IO-85 Res. No......9.4.-~L..1.2....... N.C.S.