HomeMy WebLinkAboutReso 10-1994RESOLUTION NO. 10-94
CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION AUTHORIZING EXECUTION OF
AN AGREEMENT WITH SAN MATEO COUNTY FOR
FIRST TIME HOMEBUYERS PROGRAM AND
MORTGAGE CREDIT CERTIFICATE PROGRAM
WHEREAS, the County of San Mateo has executed an Agreement
with the United States Department of Housing and Urban Development
to expand the County's efforts to assist low and moderate income
households to purchase a first home in San Mateo County; and
WHEREAS, The Mortgage Credit Certificate Program will also
provide for additional tax credits creating home ownership
affordability; and
WHEREAS, the City of South San Francisco has been invited and
also wishes to participate in both programs.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City
of South San Francisco, that:
1. The Council hereby authorizes the City Manager to
negotiate and execute an Agreement between the City of South San
Francisco and the County of San Mateo, the First Time Homebuyers
Program and the Mortgage Credit Certificate Program.
2. A copy of the Agreement is attached hereto and marked as
Exhibit "A".
I hereby certify that the foregoing Resolution was regularly
introduced and adopted by the City Council of the City of South San
Francisco at a re§u]ar meeting held on the 26th day of
January , 1994 by the following vote:
AYES:
Councilmembers Jack Drago, Robert Yee, and Maynr ,lns~ph A.
Fernekes
NOES: None
ABSTAIN:
ABSENT:
Homcowncr~hip .^~
Councilmembers John R. Penna, and Roberta Cerri T~.glia
None
ATTEST:
EXHIBIT A TO RESOLUTION NO. 10-94
COOPERATION AGREEMENT
FOR SAN MATEO COUNTY HOMEOWNERSHIP PROGRAM AND
THE MORTGAGE CREDIT CERTIFICATE PROGRAM
THIS AGREEMENT, made and entered into this day of
1994, between the COUNTY OF SAN MATEO, a political subdivision of the State of
California, 3ereinafter referred to as "County", and the CITY OF SOUTH SAN
FRANCISCO, a duly incorporated city within the County of San Mateo, hereinafter
referred to as "City".
WITNESSETH
WHEREAS, the Tax Reform Act of 1984 established the Mortgage. Credit
Certificate Program (hereinafter "MCC Program") as a means of assisting qualified
individuals with the acquisition of new and existing single family housing; and
WHEZ~EAS, the County has established a housing trust fund for the purpose of
providing homeownership opportunities and has also executed an agreement with the
United States Department of Housing and Urban Development for a Special Purpose
Grant to further expand the County's efforts to assist First Time Homebuyers in the
purchase of a primary residence in San Mateo County; and
WHEREAS, the County and the City have heretofore determined to engage in an
MCC Program pursuant to Chapters 1399, Statutes of 1985 Section 50197, et seq of the
Health and Safety Code of the State of California (the "Act") in order to assist individual
home purckasers in the County to afford both new and existing homes within the
statutory limits as provided for in said Act; and
WHE?.EAS, in furtherance of the MCC Program, the City authorizes the County
from time to time to apply to the State of California Debt Limit Allocation Committee
(CDLAC) in the name of the City for mortgage bond allocations, the amount of which
can be traded for authority to issue Mortgage Credit Certificates in a face amount equal
to one fourth of the value of the cities bond allocation; and
WHEREAS, the City also desires to be included in the Countywide
Homeownership Program; and
SECTION 5. DEFINITIONS. The words and phrases of this Cooperative
Agreement shall, for all purposes hereof unless otherwise defined herein, have the
meanings assigned to such words and phrases in the Act.
SECTION 6. OTHER COOPERATION AGREEMENTS. Nothing in this
Cooperative Agreement shall prevent the County from entering into one or more
agreements with other municipal corporations within the County, if deemed necessary
and advisable to do so by the County.
SECZ_ION 7. AMENDMENTS. This Cooperative Agreement may be amended by
one or more supplemental agreements executed by the County and the City at any time.
No alterat;on or variation shall be valid unless made in writing and signed by the parties
hereto, and no oral understanding or agreement shall be binding on the parties hereto.
SECT_ION 8. RELATIONSHIP. Nothing contained herein shall be interpreted to
impose a relationship of partners or joint ventures between the City and the County.
SECT_ION 9. VALIDITY OF AGREEMENT. The validity of this Agreement and
its terms or provisions, as well as the rights and duties of the parties hereunder, and
interpretat:!on and performance of this Agreement shall be governed by the laws of the
State of California.
SECTION 10. AFFIRMATIVE ACTION. Under County's ultimate supervision
and responsibility, City covenants and agrees that it will abide by and enforce all
applicable affirmative action requirements including, but not limited to Executive Order
11246, the Equal Employment Opportunities Act, the San Mateo County Affirmative
Action Plar~ and local affirmative action plans.
SECT_ION 11. NOTICES. Any notice, request, demand or other communication
required or permitted hereunder shall be deemed to be properly given when deposited in
the United States mail, postage prepaid, or when deposited with a public telegraph
company for transmittal, charges prepaid, addressed:
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IN WITNESS WHEREOF, the parties hereto have executed this agreement on the
day and year first above written.
COUNTY OF SAN MATEO
ATTEST:
by
President, Board of Supervisors
Clerk of Said Board
CITY OF SOUTH SAN FRANCISCO
ATTEST:
by
Mayor
City Clerk
MCCDI,SK:MCC61 - I/'M94
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