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CITY COUNCIL OF THE CITY OF PLEASANTON <br /> <br /> ALAMEDA COUNTY, CALIFORNIA <br /> <br /> RESOLUTION NO. 87-226 <br /> <br /> AUTHORIZATION FOR A HODAG APPLICATION AND APPROVING EDEN <br /> HOUSING, INC. AS DEVELOPER/OWNER OF THE SENIOR HOUSING <br /> PROJECT <br /> <br />WHEREAS, in conjunction with the development of a Senior Housing <br /> Project, application for a Housing Development Action <br /> Grant or HODAG is appropriate to reduce rents; and <br /> <br />WHEREAS, the City cannot spend HODAG proceeds directly, but must <br /> lend the money to a third party developer; and <br /> <br />WHEREAS, the City has been working with Eden Housing, Inc. on <br /> this project and it would be an appropriate third party <br /> developer for this project; <br /> <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON <br />RESOLVES AS FOLLOWS: <br /> <br />Section 1: The City Council authorizes submittal of a HODAG <br /> application and approves Eden Housing, Inc. as <br /> developer/owner of the project. <br /> <br />Section 2: Authorizes the City staff to take any and all actions <br /> necessary to apply for the HODAG. <br /> <br />Section 3: This resolution shall become effective immediately <br /> upon its passage and adoption. <br /> <br />THIS RESOLUTION ADOPTED MAY 19, 1987 BY THE FOLLOWING VOTE: <br /> <br />AYES: Councilmembers - Brandes, Butler, Mohr, Wilson and Mayor <br /> Mercer <br />NOES: None <br />ABSENT: None <br />ABSTAIN: None E/THR/.M~ <br />ATTEST: <br /> KE R <br /> <br />By Doris George, Deput~ City Clerk <br /> <br /> AS TO FORM: <br /> <br /> D <br /> <br /> <br />