Resolution - 6788RESOLUTION NO. 6788
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF WEST COVINA APPROVING RULES AND
REGULATIONS RELATING TO ITS HOME MORTGAGE
FINANCING PROGRAM
WHEREAS, Chapter 1-5 of Part 5 of Division 31 of the Health and Safety
Code of the State of California (herein called the "Act") authorizes cities
and counties to issue revenue bonds for the purpose of financing home
mortgages authorized by the Act; and
WHEREAS, the City has undertaken a Home Mortgage Financing Program.
under the Act; and
WHEREAS, the provisions of applicable law require the City to adopt
Rules and Regulations in implementation of the City's Home Mortgage
Financing Program.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
West Covina as follows:
Section 1. The Rules and Regulations attached hereto as Exhibit "A"
are hereby adopted and approved as the Rules and Regulations of the .City
of West Covina relating to its Home Mortgage Financing Program.
Section 2. The City Clerk shall certify to the adoption of this
resolution.
APPROVED and ADOPTED this
following vote:
ATTEST:
City Clerk
28th day of November , 1983 by the
J�• C•
Mayo r
I HEREBY CERTIFY that the foregoing Resolution No. 6788 was duly
adopted by the City Council of the City of West Covina at a regular meeting
thereof held on the 28th day of November, 1983,by the following vote
of the Council:
AYES: Councilmen:
NOES: Councilmen:
ABSENT: Councilmen:
APPROVED AS TO FORM:
Tice, Tennant, Shearer, Bacon
none
Chappell
City Clerk
City Attorney