HomeMy WebLinkAbout85-042REL: adg
2/7/85
RESOLUTION NO. 85-42
A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF SANTA ANA APPROVING A
HOUSING POLICY REPORT UNDER INTERNAL
REVENUE CODE SECTION 103A AND DIRECTING
ITS PUBLICATION
WHEREAS, Section 103A(j)(5) of the Internal Revenue
Code of 1954, as amended, as implemented by proposed and tempor-
ary regulations of the Department of the Treasury, Section 6a.
103A-2(1), requires the applicable elected representative of an
issuer of qualified mortgage subsidy bonds to publish, after
public hearing, a housing policy report;
WHEREAS, this Council is the applicable elected
representative of the City of Santa Ana which City proposes
to issue 1985 qualified mortgage subsidy bonds;
WHEREAS, this Council has received a draft housing
policy report dated October 31, 1984, and has reviewed each and
every part thereof and this Council has conducted a duly noticed
public hearing; and
WHEREAS, it is in the public interest and for the public
benefit that said housing policy report be approved and published;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL
OF THE CITY OF SANTA ANA, AS FOLLOWS:
1. The City Manager of the City is hereby authorized
and directed to prepare a summary of the comments made at the
aforesaid public hearing and to include said sununary as a part of
the Policy Report Under Section 103A.
2. The report of the City of Santa Ana entitled,
"Policy Report Under Section 103A," and dated October 31, 1984,
is hereby approved with the inclusion of said summary of comments.
3. The Mayor of the City, as a member of this Council,
is hereby authorized and directed to execute said report on behalf
of this Council as the duly elected representative of the City.
RESOLUTION NO. 85- 42
PAGE TWO
4. This Council does hereby publish the Report by
authorizing and directing the Clerk of the Council, and the
Clerk of the Council is hereby so authorized and directed, to
make said Report available in the Office of the Clerk of the
Council for distribution to the public.
5. The Clerk of the Council is hereby authorized and
directed to file the Report with the Internal Revenue Service at
the Internal Revenue Service Center, Philadelphia, Pennsylvania
19255.
ADOPTED this 4th day of March , 1985.
ATTEST:
n~ce C. Guy-
C~lerk of the Counc 1~/
Daniel E. Griset
Mayor
COUNCI LMEMBE RS:
Griset Aye
Acosta Aye
Hart Aye
Johnson Aye
Luxembourger Aye
McQuigan Aye
Young Aye
APPROVED AS TO FORM:
%ACd w~a ~ ~ J-<C69per
City Atto~