HomeMy WebLinkAbout72-060RESOLUTION 72-60
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF SANTA ANA RECOMMENDING SUPPORT
AND ENDOP~EMENT OF PROPOSITION #1, CAL-
VET FARM AND HOME LOAN MEASURE
WHEREAS, without additional funding provided for in Pro-
position 1 on the June 6, Primary Election Ballot, the Cal-Vet
farm and home loan program will be unable to grant any further
loans; and,
WHEREAS, the California Department of Veterans AFfairs
now has more than 3,000 approved applications now on file and
anticipates another 5,000 during 1972; and,
WHEREAS, California now has 600,000 Vietnam veterans,
increasing at the rate of 8,000 each month, each of whom should
have the opportunity to receive the same low-interest loans
offered previous veterans; and,
WHEREAS, this program has been in existence for more than
50 years, and has provided more than $2 billion to 250,000 Calif-
ornia veterans for low-cost farm and home loans; and,
WHEREAS, the Cal-Vet farm and home loan program is self-
supporting and self-liquidating at no cost to the taxpayers; and,
WHEREAS, this is an exemplary program acclaimed as a model
throughout the nation; and,
WHEREAS, every previous Cal-Vet bond issue submitted to the
voters since inception in 1921 has been approved; and,
WHEREAS, the benefits derived from such loans are not only
incalculable to the veteran, but also to the homehuilder, the
businessman and to the California economy in general,
NOW, THEREFORE BE IT RESOLVED, that the City Council of the
City of Santa Aha hereby recommends the support and endorsement
of Proposition #1, the $250 million Cal-Vet bond issue, on the
June 6, 1972 ballot, and encourages members and friends to vote
for it.
PASSED AND ADOPTED By the City Council of the City of
Santa Ana at its regular meeting held on the l~th day of
May , 1972.
ATTEST:
MAYOR
CLERK OF THE COUNCIL
-1-
STATE OF CALIFORNIA)
COUNTY OF ORANGE )
CITY OF SANTA ANA )
I, FLORENCE I. MALONE, do hereby certify that I am the
Clerk of the Council of the City of Santa Ana; that the
foregoing Resolution was introduced to said Council at its
regular meeting held on the 15th day of MaY , 1972,
and was at said meeting passed and adopted by the following
vote, to wit;
AYESt
NOES,
COUNCILMEN: Herrin, Evans~ Markel, Villa, Yamamoto,
Griset
COUNCILMEN: Patterson
ABSENT,
COUNCILMEN:
None
CLEPJ{ OF THE COUNCIL
APPROVED AS TO FORM:
J~4ES A. WITHERS, CITY ATTORNEY