HomeMy WebLinkAboutReso 82-246 - Authorizing City Manager to sign and deliver development commitment lettersi
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY 'OF REDDING
AUTHORIZING THE CITY MANAGER TO SIGN'AND ACCEPT DEVELOPER
COMMITMENT LETTERS.
WHEREAS,,'_the;City. ,of. Redding is undertaking a Home Mortgage
Finance Program;..and
WHEREAS, i't is'- the intent • -of the City to apply. for an
allocation from 'the ' :State °''of' !Ca•lifornia of mortgage revenue
bonds; and
WHEREAS, it is required that developers interested in
participating in the mortgage revenue bond program to commit
projects and funds prior to that allocation;
NOW, THEREFORE, IT IS HEREBY RESOLVED that the City Manager
of the City of Redding is hereby authorized to sign on behalf of
the City of Redding and accept developer commitment letters.
-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 20th . day of December 1982, and
was duly adopted at said meeting by the following vote:
AYES: COUNCILMEN: Demsher, Fulton, Pugh, and Gard fi
NOES: COUNCILMEN: None /// ' )
ABSENT: COUNCILMEN: Kirkpatrick I r'~/ ( 1
t c ()()r) �>� A i' /
BAR ARA ALLEN GARD,`May r
City of Redding
ATTEST:
ETHEL A. NICHOLS-, City Clerk
FORM APPROVED:
RAIrALL A. HAYS, it ttorney
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