HomeMy WebLinkAboutORD 044 1985 0429ORDINANCE NO. 44
AN ORDINANCE OF THE CITY OF MOORPARK ADOPTING
A HOME MORTGAGE FINANCE PROGRAM AND AUTHORIZ-
ING AGENCY OFFICERS TO IMPLEMENT THE PROGRAM
WHEREAS, there is in the City of Moorpark (the "City ") a
shortage of affordable housing and a consequent need to
encourage the construction of affordable homes and otherwise to
increase such housing supply in the City of Moorpark; and
WHEREAS, the City Council of the City intend to issue
bonds, pursuant to Part 5 of Division 31 of the Health and
Safey Code of the State of California (the "Act "), to provide
financing for the acquisition and construction of housing in
the City of Moorpark;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK
DOES HEREBY ORDAIN AS FOLLOWS:
Section 1. The City hereby establishes a home mortgage
finance program (the "Program ") pursuant to the Act, approves
the Rules and Regulations Establishing Eligibility Criteria for
Lending Institutions and the Rules and Regulations Establishing
Eligibility Criteria for Mortgagors, copies of which are on
file with the City Clerk and hereby determines to issue revenue
bonds pursuant to said Act to provide funds for the Program.
Section 2. The City hereby finds and declares that the
Program will serve the Public purposes of increasing the
housing supply and of providing financing for decent, safe and
sanitary housing which is affordable by people on the lower -end
of the purchasing spectrum.
Section 3. The proper officers of the City are hereby
authorized and directed to take all actions necessary or
appropriate to implement the Program in accordance with the Act.
Section 4. The provisions of this ordinance, being
necessary for the welfare of the City and the inhabitants of
the City of Moorpark shall be liberally construed to effect its
purpose.
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Section 5. The Citv Clerk shall cause this ordinance to
be published or posted in the manner provided for other
ordinances of the City of Moorpark, within fifteen (15) days
after its passage, in accordance with Section 36933 of the
Government Code; shall certify to the adoption of this
ordinance and shall cause the ordinance and this certification,
together with proof of publication or posting, to be filed in
the office of the City Clerk.
Section 6. This ordinance shall become effective
immediately after passage pursuant to Health & Safety Code
Section 52031.
PASSED AND ADOPTED THIS 29th DAY OF APRIL, 1985.
ATTEST:
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STATE OF CALIFORNIA )
COUNTY OF VENTURA )
CITY OF MOORPARK )
I, DORIS D. BANKUS , City Clerk of the City of
Moorpark, California, do hereby certify that the foregoing
Ordinance No. 44 was adopted by the City Council of the
City of Moorpark, as an urgency ordinance, at an adjourned
regular meeting held on the 29th day of April 19 85 ,
by the following roll call vote:
AYES: Councilmembers Yancy- Sutton, Weak, Ferguson,
Woolard and Mayor Prieto;
NOES: None;
ABSENT: None.
WITNESS my hand and the official seal of said City this
29th day of April , 19 85
i
City C:
STATE OF CALIFORNIA )
COUNTY OF VENTURA ) SS.
CITY OF MOORPARK )
I , DORIS D. BANKUS , City Clerk of
the City of Moorpark, California, do hereby certify that on
may 3, 1965 , 19 , I caused to be posted the
attached Ordinance No. 44 entitled:
AN ORDINANCE OF THE CITY OF MOORPARK ADOPTING A HOME MORTGAGE
FINANCE PROGRAM AND AUTHORIZING AGENCY OFFICERS TO IMPLEMENT
THE PROGRAM.
at the following three public places, as designated by the
Moorpark City Council by Resolution No. 83 -11, adopted July 2, 1983:
(1) Moorpark City Hall, 799 Moorpark Avenue, Moorpark
(2) Moorpark Post Office, 189 High Street, Moorpark
(3) Moorpark College, Administration Building,
7075 Campus Road, Moorpark
DATED:-- May 3, 1985