Resolution - 6983RESOLUTION NO. 6983
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
WEST COVINA APPROVING HOUSING POLICY REPORT
UNDER INTERNAL REVENUE CODE SECTION 103A AND
• DIRECTING ITS PUBLICATION AND RESCINDING RESOLUTION 6954
WHEREAS, Section 103A(j)(5) of the Internal Revenue Code of 1954, as
amended, as implemented by proposed -.arid .temporary regulations of .the Department
of the Treasury, Section 6a.103A-2(1),'requires the applicable elected representative
of an issuer of qualified mortgage subsidy bonds to p.ub.lish,.after public hearing,
a housing policy report;
WHEREAS, this Council is the applicable elected representative of the City
of West Covina which City proposes to issue in 1985 qualfied mortgage subsidy
• bonds;
WHEREAS, this Council has received a draft housing.policy report dated
October. 31, 1984 and has reviewed each and every part thereof and this Council
has conducted a duly noticed public hearing; and
WHEREAS, it is in the public interest and for the public benefit that
said housing,policy report be approved and published;
NOW,. THEREFORE, it is hereby RESOLVED, ORDERED AND DETERMINED by the City
Council of the City of West Covina, California as follows:
1. The City Manager of the City is hereby authorized and directed to prepare
a summary of the comments made at the aforesaid public hearing and to include said
summary as. a part of the Policy Report under Section 103A.
2. The report of the City of West Covina -entitled, "Policy Report Under
Section 103A," and dated October` 31, 1984 is hereby approved with the inclusion
of said summary of comments.
3. The Mayor of the City, as a member of this Council, is hereby authorized
and directed to execute said report on behalf of this Council as the duly
elected representative to the City.
•4. This Council does hereby publish the Report by authorizing and
directing the City Clerk, and the City Clerk is hereby so authorized and
directed, to make said Report available in the Office of the City Clerk for
distribution to the public.
5. The City Clerk of the City is hereby authorized and directed to file
the Report with the Internal Revenue Service at the Internal Revenue Service
Center, Philadelphia, Pennsylvania 19255.
APPROVED AND ADOPTED THIS 25th day of February , 1985.
ATTEST:
City C1 k
I HEREBY CERTIFY that the foregoing is a full, true and correct copy of
Resolution No. 6983 duly adopted by the.City Council of the City of
West Covina, at a meeting regularly held on the 25th day of February
1985, by the following vote of the members thereof:
AYES: Councilmembers: Manners, Chappell, Shearer, Tennant, Bacon
NOES: Councilmembers: None
• ABSENT: Councilmembers: None
City Clerk
APPROVED S TO FORM:
City Attorney