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DRAFT <br /> <br /> EXHIBIT A <br /> <br /> COOPERATIVE AGREEMENT BETWEENTHE COUNTY <br /> OF ALAMEDA AND THE CITY OF <br /> <br /> THIS COOPERATIVE AGREEMENT (this "Agreement"), made and entered <br /> into as of ,1989, by and between the County of Alameda, a <br />political subdivision of the State of California (the "County"), and the City <br />of , a political subdivision of the State of California <br />( the "C i ty" ). <br /> <br /> WITNESSETH: <br /> <br /> WHEREAS, the County has determined to engage in a mortgage <br />credit certificate program pursuant to Chapter 3.5 of Part 1 of Division 31 of <br />the Health and Safety Code of the State of California (the "Act") to issue <br />mortgage credit certificates to provide assistance in the financing of homes <br />for persons in the lower end of the home purchasing spectrum in the County and <br />the City, pursuant to the Act (the "Program"); and <br /> <br /> WHERFAS, the County has established the Program pursuant to the <br />Act and has determined to cooperate with the City in the exercise of its <br />powers under the Act for purposes of the Program; <br /> <br /> NOW, THEREFORE, in consideration of the mutual covenants <br />hereinafter provided, the parties hereto agree as follows: <br /> <br /> SECTION 1. The County agrees to undertake the Program and to <br />issue mortgage credit certificates thereunder pursuant to the Act. <br /> <br /> SECTION 2. The City hereby agrees to cooperate with the County <br />in the exercise jointly or otherwise of their powers for the purpose of <br />assisting in the financing of homes pursuant to the Act by agreeing that the <br />County shall exercise its powers under the Program, all as more specifically <br />set forth in the Act, with respect to property located within the geographic <br />boundaries of the City. In particular, and without limiting the foregoing, <br />the City agrees, on the request of the County, either to apply or to authorize <br />the County to appropriate on behalf of the City, in accordance with Section <br />8869.85 of the Government Code, for an allocation of the state ceiling to <br />issue mortgage credit certificates and to transfer any such allocation <br />received to the County under the terms of Section 8869.85(d) of the Government <br />Code. <br /> <br /> SECTION 3. The City agrees to undertake such further <br />proceedings or actions as may be necessary in order to carry out the terms and <br /> <br /> -4- <br /> <br /> <br />