CC - 1988-08 - The State Earthquake Rehabilitaion Assistance Programs• 0
RESOLUTION NO. 88-8
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ROSEMEAD TO AUTHORIZE THE SUBMITTAL OF AN
APPLICATION, THE EXECUTION OF A STANDARD
AGREEMENT, AND ANY RELATED DOCUMENTS NECESSARY
TO PARTICIPATE IN THE STATE EARTHQUAKE
REHABILITATION ASSISTANCE PROGRAMS AND SECURE A
COMMITMENT OF FUNDS FROM THE CALIFORNIA
DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT
(HCD).
THE CITY COUNCIL OF THE CITY OF ROSEMEAD RESOLVES AS FOLLOWS:
SECTION 1. The City of Rosemead shall submit to HCD an
application for participation in the State Earthquake Rehabilitation
Assistance Program (SERA) and to request a commitment of funds under
the owner-occupant program and the rental housing program.
SECTION 2. The City, upon approval of the application, is hereby
authorized to enter into a Standard Agreement with HCD for the
purposes set forth in the loan application and approved by HCD. It
may also enter into other agreements, documents, or instruments
required by HCD for participation in SERA.
SECTION 3. The City of Rosemead is further authorized to request
amendments, including increases in fund commitments up to the amounts
approved by HCD and to execute any and all documents required by HCD
to evidence and secure these amendments.
SECTION 4. The City of Rosemead authorizes Frank G. Tripepi,
City Manager, to execute the loan application, standard agreement,
and other documents required by HCD for participation in SERA.
SECTION 5. That the City Clerk shall certify to the passage and
adoption of this resolution and enter it into the book of original
resolutions.
PASSED, APPROVED and ADOPTED this 26th day of January , 1988.
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MAYOR
ATTEST:
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CITY CLERK
I hereby certify that the foregoing Resolution
88-8 was duly and regularly adopted by the City
Council of the City of Rosemead at a regular
meeting thereof held on the 26th day of
January, 1988, by the following vote:
Yes: Imperial, McDonald, Taylor, Bruesch,
Cleveland
No: None
C CLERK