HomeMy WebLinkAbout1994-02-10; Housing Commission; Resolution 94-0051
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HOUSING COMMISSION RESOLUTION NO. 94-005
A RESOLUTION OF THE HOUSING COMMISSION OF THE
CITY OF CARLSBAD, CALIFORNIA, RECOMMENDING
APPROVAL OF A COOPERATIVE AGREEMENT ADOPTING
THE SAN DIEGO COUNTY REGIONAL MORTGAGE CREDIT
CERTIFICATE PROGRAM IN THE CITY OF CARLSBAD IN
COOPERATION WITH THE COUNTY OF SAN DIEGO
WHEREAS, there is a continued need for affordable home ownership opportunities
within the City of Carlsbad (the "City") and the County of San Diego (the "County") for
qualified first time home buyers; and
WHEREAS, the Tax Reform Act of 1984 established mortgage credit certificates
("MCC") as a means of assisting qualified first time home buyers with the acquisition of new
and existing single family housing; and
WHEREAS, Division 31, Part 1, Chapter 35, Article 4 of the California Health and
Safety Code Sections 50197 et seq (the "Act") authorizes counties, cities, and redevelopment
agencies to create and participate in MCC Programs; and
WHEREAS, the County has heretofore determined to engage in an MCC Program
pursuant to the Act in order to assist individual home purchasers in the City and the County to
afford both new and existing homes within the statutory limits as provided for in said Act; and
WHEREAS, the City requests that mortgage credit certificates be available to eligible
first time home buyers within the corporate limits of the City when City participates with the
County in receiving an MCC allocation; and
WHEREAS, the City and County wish to cooperate with one another pursuant to the Act
in the exercise of their powers under the "Act" for the purposes of an MCC Program.
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NOW, THEREFORE, BE IT HEREBY RESOLVED by the Housing
Commission of the City of Carlsbad, California, as follows:
1. The above recitations are true and correct.
2. The Housing Commission hereby recommends adoption of the San Diego County
Regional Mortgage Credit Certificate Program (the "Program") for the purpose
of increasing home ownership opportunities for first time home buyers, and
consents to the operation of said Program within the geographical boundaries of
the City.
3. That the Cooperative Agreement, dated as of , 1994,
between the County and the City (the "Agreement"), a copy of which is attached
as EXHIBIT "A" and incorporated herein by reference, is hereby recommended
for approval by the Housing Commission to the City Council, and that the
Housing and Redevelopment Director is hereby recommended to be authorized
and directed to execute and deliver the Agreement, for and in the name and on
behalf of the City. It is furthermore recommended that the Housing and
Redevelopment Director, with the advice and consent of the City Attorney, be
authorized to approve any additions to or changes in the form of the Agreement
deemed necessary or advisable, approval of such additions or changes to be
conclusively evidenced by the execution by the Housing and Redevelopment
Director of the Agreement as so added to or changed. It is recommended that the
Housing and Redevelopment Director, with the advice and consent of the City
Attorney, be further authorized to enter in such additional agreements with the
County, execute such other documents, or take such other actions as may be
necessary or appropriate to carry out the purposes and intent of the Agreement
or to cooperate in the implementation of the Program.
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HC RES0 NO. 005 -2-
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PASSED, APPROVED, AND ADOPTED at a regular meeting of
the Housing Commission of the City of Carlsbad, California held on the 10th day of February,
1994, by the following vote, to wit:
AYES: Scarpelli, Avis, Escobedo, Sato, Noble
NOES: None
ABSENT: Calverley, Wellman, Rombotis, Peterson
ABSTAIN:
ATTEST:
EVAN E. BECKER
HOUSING AND REDEVELOPMENT DIRECTOR
HC RES0 NO. 005 -3-