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RESOLUTION 96-076 <br />Page 2 <br /> <br />247 <br /> <br />application with CDLAC on behalf of the Agency for an allocation of <br />authority to issue mortgage credit certificates in an amount not to <br />exceed $5,000,000, the transfer of such allocation, when and if <br />received, to the County, and the operation of the Program by the <br />Agency. <br /> <br /> Section 3. The City hereby finds and determines that the <br />project areas of the Agency will be benefitted by the operation of <br />the Program both within and outside the project areas, but within <br />the boundaries of the city. <br /> <br /> Section 4. This Resolution shall take effect immediately upon <br />its adoption by the City Council, and the city Clerk shall certify <br />the vote adopting this Resolution. <br /> <br /> ADOPTED, this5t_~h day <br />vote: <br /> <br /> AYES: <br /> NOES: <br /> ABSENT: <br /> ABSTAIN: <br /> <br />ATTEST: <br /> <br />APPROVED AS TO FORM: <br /> <br />of August , 1996 by the following <br /> <br />MEMBERS: <br />MEMBERS: <br /> <br />MEMBERS: <br />MEMBERS: <br /> <br /> Lutz, McGuigan, Mills, Moreno, <br /> Pulido <br /> <br /> Richardson <br /> Espinoza <br /> <br />~/~yor ' ' <br /> <br />city Attorney <br /> <br /> <br />