Resolution 1982-30 - Laserfiche WebLink

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. 29-4-805 of the Allocation Act for the period from October 1, 1982 through December 31, 1982 to another governmental unit to finance, mortgage loans to provide more adequate residential housing facili- ties for low- and middle-income families and persons within the City. (b) The City agrees that it will take such further action and adopt such further proceedings as may be required to implement the terms of this Delegation and Allocation Transfer Agreement. 3. Acceptance of Delegation and Transfer by the County. Pursuant to the Allocation'Act: (a) The County hereby accepts the delegation by the City of the authority to act on its behalf in the issuance of qualified mort- gage bonds pursuant to the allocation granted under Section 29-4-805 of the Allocation Act for the period from October 1, 1982 through December 31, 1982 and the transfer to it by the City of the alloca- tion of the City under Section 29-4-805 of the Allocation.Act for the period from October 1, 1982 through December 31, 1982, subject to the . terms and conditions herein contained. (b) The County agrees that it will use its best efforts to issue revenue bonds under the Project Act, in one or more series, to finance Mortgage Loans to provide more adequate residential housing facilities for low- and middle-income families and persons within the County, including the City which is located within the County. (c) The County agrees that it will take such further action and adopt such further proceedings as may be required to implement the terms of this Delegation and Allocation Transfer Agreement. 4. General Provisions. (a) This Delegation and Allocation Transfer Agreement is hereby declared irrevocable during the term of the agreements to be entered into by the County and the financial institutions which will originate and service the Mortgage Loans, and this Delegation and -4-