RES 87501 - Laserfiche WebLink

CITY COUNCIL OF THE CITY OF PLEASANTON ALAMEDA COUNTY, CALIFORNIA RESOLUTION NO. 87-501 RESOLUTION APPROVING PARTICIPATION BY THE CITY OF PLEASANTON IN A COUNTYWIDE PROGRAM FOR TME DEVELOPMENT, CONSTRUCTION AND ACQUISITION OF MULTIFAMILY RENTAL HOUSING DEVELOPMENTS FOR VERY LOW INCOME ELDERLY AND DISABLED PERSONS WHEREAS, the County of Alameda (the "County") proposes to implement a countywide program for the development, construction and acquisition of multifamily rental housing developments containing in the aggregate not to exceed 2,000 dwelling units reserve fro occupancy by low income elderly and disabled persons; and WHEREAS, the County proposes to call a countywide election to authorize the development, acquisition and construction of the developments and to authorize the issuance of general obligation bonds of the County to finance the program; and WHEREAS, one or more of such developments may, subject in each case to the approval of the City Council of the City of Pleasanton (the "City Council"), be located in the City of Pleasanton (the "City"); and WHEREAS, the City Council desires to approve the participation by the City in the County's 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 participation by the City in the Conty's housing program for elderly and disabled very low income persons and families is hereby approved, subject to the approval hereafter by the City Council of each 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. Section 3: This resolution shall not create, or authorize the creation of, any liability of the City or any of its funds or properties for any purpose of the program. Section 4: This resolution shall become effective immediately upon its passage and adoption.