HomeMy WebLinkAbout19418 - RESOLUTIONS - 12/2/1998 RESOLUTION NO. 19418
A RESOLUTION OF THE CITY
COUNCIL OF THE CITY OF PALM
SPRINGS APPROVING AN
AGREEMENT BETWEEN THE CITY OF
PALM SPRINGS AND THE PACIFIC
HOUSING&FINANCE AGENCY,
AN EXERCISE OF JOINT POWERS
AGENCY
WHEREAS, the City of Palm Springs seeks to promote home ownership to improve the
condition of the City's housing stock and to further economic development for the welfare
of its residents; and
WHEREAS, the City of Palm Springs has adopted the promotion of home ownership as
one of its priority goals in both the Housing Element of the General Plan and the
Consolidated Plan; and
WHEREAS, there is growing need for the cities to find new and cooperative ways to
develop programs that will increase home ownership levels and improve community life;
and
WHEREAS, the Pacific Housing &Finance Agency is a cooperative approach between
cities that will increase home ownership and thereby improve the quality of community life
for those cities participating in the Agency; and
WHEREAS, the City of Palm Springs will further its adopted goal of promoting home
ownership within the community through membership in the Pacific Housing& Finance
Agency and the development of a"lease to own" program for residential purchases; and
WHEREAS, the Pacific Housing & Finance Agency provides for home ownership
programs individually tailored for each member city;
NOW THEREFORE, the City Council of the City of Palm Springs, California, does hereby
resolve as follows:
Section 1. The City Council hereby approves Agreement 4049 entitled "Joint
Exercise of Powers Agreement Creating the Pacific Housing &Finance
Agency" (the "Agreement"), on file in the office of the City Clerk.
Section 2. The Mayor or his designee is hereby authorized to affix his signature to this
resolution signifying its adoption by the City Council of the City of Palm
Springs, and the City Clerk, or her duly appointed deputy, is directed to
attest thereto.
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Section 3. Staff is directed to develop guidelines for the implementation of a "lease to
own" residential purchase program in Palm Springs and to bring those
guidelines back to the City Council for approval in a timely manner. ,
ADOPTED this 2nd da:y of December , 1998.
AYES: Members Barnes, Hodges, Qden, Reller-Spurgin and Mayor IKleindienst
NOES: None
ABSENT: None
ATTEST: CITY OF PALM SPRINGS, CALIFORNIA
By: �C—L�� ( , —
tCify Clerk City Ma alter
REVIEWED & APPROVED AS TO FORM:
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