Resolution - 68070
0
RESOLUTION NO. 6807
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
WEST COVINA APPROVING AND AUTHORIZING THE CITY MANAGER
TO SUBMIT AN APPLICATION FOR AN ALLOCATION UNDER THE
MORTGAGE BOND TAX SUBSIDY ACT OF 1980 TO THE STATE OF
CALIFORNIA MORTGAGE BOND ALLOCATION COMMITTEE.
WHEREAS, the State of California has adopted legislation to implement
the Mortgage Bond Tax Subsidy Act of 1980, which legislation requires the
City to submit an application to the Mortgage Bond Allocation Committee
requesting a mortgage revenue bond allocation.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
West Covina as follows:
Section 1. The application to the Mortgage Bond Allocation Committee,
attached hereto as Exhibit "A" and by this reference incorporated herein,
is hereby approved, and the City Manager is authorized to transmit a copy
of said application to the Mortgage Bond Allocation Committee.
APPROVED AND ADOPTED this 9th
by the following vote:
ATTEST:
'U., '�' , ?el. -
TV I -City C erk
I HEREBY CERTIFY that
adopted by the City Council
thereof held on the 9th
vote of the Council:
AYES: Councilmen:
NOES: Councilmen:
ABSENT: Councilmen:
APPROVED AS TO FORM:
day of Januar
, 1984,
the foregoing Resolution No. 6807 was duly
of the City of West Covina at a regular meeting
day of January , 1984, by the following
City Atorney)
Tice, Tennant, Shearer, Chappell
None
Bacon
ity Cler