RES 90177 - Laserfiche WebLink

CITY COUNCIL OF THE CITY OF PLEASANTON ALAMEDA COUNTY, CALIFORNIA RESOLUTION NO. 90-177 RESOLUTION APPROVING THE CITY'S PARTICIPATION IN A COUNTYWIDE PROGRAM TO CONSTRUCT, REHABILITATE AND ACQUIRE HOUSING FOR LOW- INCOME SENIOR CITIZENS, DISABLED PERSONS, AND HOMELESS FAMILIES WITH CHILDREN, SUBJECT TO LOCAL CITY COUNCIL APPROVAL, AND TO PROVIDE DOWN PAYMENT ASSISTANCE LOANS TO QUALIFIED FIRST-TIMEHOMEBUYERS WHEREAS, the Alameda County Housing Council proposes the implementation of a countywide program to construct, rehabilitate, and acquire up to 4,000 rental housing units reserved for occupancy by very low income senior citizens, disabled persons, or homeless families with children; and the program will also increase opportunities for home ownership in the county by providing down payment assistance loans to qualified first-time homebuyers; and WHEREAS, the Alameda County Board of Supervisors has called for a countywide election to authorize the program and to authorize the issuance of general obligation bonds of the County to finance the program; and WHEREAS, the program may provide financing for the construction, rehabilitation, and acquisition of such rental housing to be located in the City of Pleasanton (the "City"), subject in each case to approval by the City Council of the city of Pleasanton (the "City Council"); and WHEREAS, the city Council desires to approve the participation by the City in this countywide program and to approve the calling by the County of the election on a countywide basis; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES AS FOLLOWS: Section 1: The particiDation by the City in the proposed housing program is hereby approved, subject to the approval hereafter by the City Council of each rental housing development to be located in the City. Section 2: The calling by the County of a countywide election to authorize the implementation of the program is hereby approved.