HomeMy WebLinkAboutRES 94-42RESOLUTION NO. 94- 42
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DIAMOND BAR
AUTHORIZING PARTICIPATION IN THE LOS ANGELES COUNTY COMMUNITY
DEVELOPMENT COMIVIISSION'S HOME OWNERSHIP PROGRAM FOR FIRST
TAME BUYERS
WHEREAS, the Los Angeles County Community Development Commission has HOME
funds available to facilitate the purchases of homes for first time buyers for low and moderate
incomes; and
WHEREAS, the City of Diamond Bar may participate in the program with the Community
Development Commission providing staff and other assistance required at no cost to the City; and
WHEREAS, the City of Diamond Bar agrees to participate in the program by signing the
appropriate memorandum of understanding completing the necessary forms, promoting the
availability of the program, assisting in identifying eligible homeowners and providing office space
as may be necessary to interview perspective eligible residents;
NOW, THEREFORE, the City Council of the City of Diamond Bar does resolve as
-- follows:
SECTION 1. That the City of Diamond Bar does hereby express its intent to participate in the
County of Los Angeles HOME Home Ownership Program.
SECTION 2. That the Mayor of the City of Diamond Bar is authorized to sign the Memorandum
of Understanding between the County of Los Angeles Community Development Commission and
the City attached hereto as Exhibit "A".
PASSED, APPROVED, AND ADOPTED this 20th day of September , 1994.
I, LYNDA BURGESS, City Clerk for the City of Diamond Bar do hereby certify that the
foregoing Resolution was passed, approved and adopted at the regular meeting of the City
Council of the City of Diamond Bar held on 20th day of Septembe,r1994 by the following
Roll Call vote:
AYES: COUNCIL MEMBERS: Papen, Ansari; MPT/Harmony
and M/Werner
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: Miller
ABSTAINED: COUNCIL MEMBERS: None
ATTEST
L Burgess, City Cler
City of Diamond Bar
MEMORANDUM OF UNDERSTANDING (MOU)
BETWEEN
COMMUNITY DEVELOPMENT COMMISSION
OF THE COUNTY OF LOS ANGELES
AND THE
CITY OF DIAMOND BAR
Participating City
The Participating City agrees to:
1. Promote the availability of the Home Ownership Program
(H.O.P) for First Time Homebuyers and distribute
informational materials regarding the Program to residents.
2. Provide office space for the CDC or its representatives to
schedule interviews with prospective Home ownership Program
participants.
3. Assist in providing potential program participants.
Responsibilities of the CDC:
'1. The CDC shall perform, or cause to be performed, the duties of
providing loans for First Time Homsbuyers through the
Home ownership Program to residents of -the Participating City.
This will be conducted as outlined in,the Homo Ownership
Program Policy & Procedural Manual.
ma -
Parti at rig ty
Repress -11
t Mayor
September 26. 1994
Date
community Development Commission
County of Los Angeles
Representative
Taufiq "Syed" Rushdy