HomeMy WebLinkAboutReso. 1987 - 106 - Authorizing the execution of an amendment to standard agreement no. 79-026 • I
RESOLUTION NO. 139V06
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
AUTHORIZING THE EXECUTION OF AN AMENDMENT TO STANDARD
AGREEMENT NO. 79-026 , HRL-18 OF THE DEFERRED PAYMENT REHABI-
LITATION LOAN PROGRAM OF THE STATE OF CALIFORNIA.
WHEREAS, the City of Redding has participated in the State
of California' s Deferred Payment Rehabilitation Loan Program
during the past five (5) years; and
WHEREAS, pursuant to Sections 50660 through 50670 of the
California Health and Safety Code, the State of California
Department of Housing and Community Development has provided
funds for the rehabilitation of housing in designated areas; and
WHEREAS, the City of Redding, as a local public agency
organized under the laws of the State of California, has pre-
viously received $175 ,000 . 00 of said funds; and
WHEREAS, it is deemed advisable by the City of Redding and
the State of California to amend Standard Agreement No. 79-026 ,
HRL-18 to allow the State of California to loan funds to the City
of Redding to be used to protect the State of California ' s
interest in loans previously made under the Deferred Payment Loan
Program;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Redding that Amendment No. 3 of Standard Agreement No.
79-026 , HRL-18 is hereby approved and accepted and the City
Manager is hereby authorized to execute said amendment on behalf
of the City of Redding.
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I HEREBY CERTIFY that the foregoing resolution was intro-
duced and read at a regular meeting of the City Council of the
City of Redding on the 4th day of June , 1984 , and
was duly adopted at said meeting by the following vote:
AYES: COUNCILMEN: Demsher, Fulton, Gard, Pugh, & Kirkpatrick
NOES: COUNCILMEN: None
ABSENT: COUNCILMEN: None
ABSTAIN: COUNCILMEN: None
7.17460u0 //f
HOWARD D. KIRKPA RICK, Mayor
City of Redding
ATTEST:S �}
C��.�g,Z I t.
ETHEL A. NICHOLS , City Clerk
FORM APPROVED:
RANiALL A. HAYS, Cy Attorney
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