HomeMy WebLinkAbout01-05 RDA ResolutionRESOLUTION NO. 01-05
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
REDEVELOPMENT AGENCY OF THE CITY OF TEMECULA
APPROVING PARTICIPATION BY THE CITY OF TEMECULA
WITH THE RIVERSIDE-SAN BERNARDINO HOUSING AND
FINANCE AGENCY (RSBHFA), A JOINT POWERS AUTHORITY
(JPA), LEASE-TO-OWN HOME PURCHASE PROGRAM
THE CITY OF TEMECULA REDEVELOPMENT AGENCY DOES RESOLVE, DETERMINE
AND ORDER AS FOLLOWS:
SECTION 1. The Agency is responsible for the creation, preservation, and
rehabilitation of affordable housing within the community.
SECTION 2. The Agency recognizes the RSBHFA's Lease-to-Own Program as a
valuable tool to increase the opportunity for home ownership within the City of Temecula.
SECTION 3. The Agency acknowledges that by participating in the Lease-to-Own
Program it is not a member of the JPA, nor are we obligated to any bonds or any debt the
RSBHFA may issues in relation to this program.
SECTION 4. The Agency further acknowledges that by participating in the Lease-to-
Own Program it is does not have any operating or financial obligations for this program.
SECTION 5. The City Clerk shall certify to the passage and adoption of this
Resolution.
PASSED, APPROVED, AND ADOPTED, by the Board of Directors of the
Redevelopment Agency of the City of Temecula at a regular meeting held on the 14th day of
August 2001.
Ron Roberts, Chairperson
[SEAL]
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STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Susan W. Jones, CMC, City Clerk of the City of Temecula, California, do hereby certify
that Resolution No. RDA 01-05 was duly and regularly adopted by the Board of Directors of the
Redevelopment Agency of the City of Temecula at a regular meeting thereof held on the 14th
day of August, 2001, by the f~)llowing vote:
AYES: 5 COUNCILMEMBERS:
NOES: 0 COUNCILMEMBERS: None
ABSENT: 0 COUNCILMEMBERS: None
ABSTAIN: 0 COUNCILMEMBERS: None
Comerchero, Naggar, Pratt, Stone, Roberts
[, / ~usan W. Joules, CMC
~ ~......j~ity Clerk
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