Resolution 1982-30 - Laserfiche WebLink

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WHEREAS, economies of time and expense will result from one governmental unit financing Mortgage Loans to provide more adequate residential housing facilities for low- and middle-income families and persons within both the City and the County; and WHEREAS, it is necessary to evidence such delegation and transfer and the acceptance of such delegation and transfer by the Delegation and Allocation Transfer Agreement attached hereto as Exhibit A (the nDelegation and Allocation Transfer Agreementn) which ~ will be executed and delivered by the City and the County. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO: Section 1. In order to insure the financing of Mortgage Loans to provide more adequate residential housing facilities for low- and middle-income families and persons within the City at the earliest possible date, which will promote the public health, wel- fare, safety, convenience and prosperity of the inhabitants of the City, it is deemed necessary and advisable that the Delegation and Allocation Transfer Agreement be approved, executed, and delivered by and on behalf of the City. Section 2. The form, terms, and provisions of the Delegation and Allocation Transfer Agreement be and they hereby are approved and the Mayor of the City and the City Clerk be and they hereby are authorized and directed to execute and deliver the Delegation and Allocation Transfer Agreement. Section 3. The Mayor and the City Clerk be and they hereby are authorized and directed to take such other steps or actions as may be required to carry out the terms and intent of this resolution and of the Delegation and Allocation Transfer Agreement. Section 4. Nothing contained in this resolution or in the Delegation and Allocation Transfer Agreement shall obligate the City, except to the extent described in the Delegation and Allocation -4-