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COOPERATIVE AGREEMENT BETWEEN THE COUNTY <br />OF ALAMEDA AND THE CITY OF PLEASANTON <br /> <br /> THIS COOPERATIVE AGREEMENT (the "Agreement"), made and <br />entered into as of March 1 ,1983 by and between the County <br />of Alameda, a legal subdivision and body corporate and politic <br />of the State of California (the "County"), and the City of <br />Pleasanton, a municipal corporation of the State of California <br />(the "City"), <br /> <br />WITNESSETH: <br /> <br /> WHEREAS, the County has determined to engage in a home <br />mortgage finance program pursuant to Chapters 1-5 of Part 5 <br />of Division 31 of the Health and Safety Code of the State <br />of California (the "Act") to make or acquire, directly or <br />indirectly, loans to finance the construction or acquisition <br />of homes in the County, all as provided for in the Act (the <br />"Program"); and <br /> <br /> WHEREAS, the County, pursuant to the Act, has determined <br />to cooperate with the City pursuant to the Act in the exercise <br />of its 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 terms used in this Agreement shall, <br />for all purposes of this Agreement, unless otherwise defined <br />herein, have the meanings assigned to such terms in the Act. <br /> <br /> SECTION 2: The County agrees to undertake the Program <br />and to issue revenue bonds therefor pursuant to the Act as- <br />soon as practicable. <br /> <br /> SECTION 3: The City hereby agrees to cooperate with <br />the County in the exercise of the County's powers for the <br />purpose of financing home mortgages pursuant to the Act by <br />agreeing that the County may exercise such powers to make <br />or acquire home mortgages under the Program, all as more <br />specifically set forth in the Act, with respect to property <br />located within the geographic boundaries of the City. <br /> <br /> SECTION 4: The City agrees to undertake such further <br />proceedings or actions as may be necessary in order to <br />carry out the terms and the intent of this Agreement. Nothing <br />in this Agreement shall prevent the County from entering <br />into one or more agreements with other cities within the <br />County, if deemed necessary and advisable to do so by the <br />County. <br /> <br /> <br />