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Resolution 11420g IN THE CITY COUNCIL OF THE CITY OF ALAMEDA RESOLUTION NO. 11420 RESOLUTION TO APPROVE PARTICIPATION BY THE CITY IN A COUNTYWIDE PROGRAM FOR THE DEVELOPMENT, CONSTRUCTION, AND ACQUISITION OF MULTIFAMILY RENTAL HOUSING DEVELOPMENTS FOR VERY LOW INCOME ELDERLY AND DISABLED PERSONS Recitals WHEREAS, the County of Alameda (the "County") proposes to implement a countywide program for the development, construction, and acquisition of multifamily rental housing developments containing in the aggregate not to exceed 2,000 dwelling units reserved for occupancy by low-income elderly and disabled persons; and WHEREAS, the County has called a countywide election to be held on June 7, 1988, to authorize the development, acquisition, and construction of the developments and to authorize the issuance of general oblibation bonds of the County to finance the program; and WHEREAS, one or more of such developments may, subject in each case to the approval of the City Council of the City of Alameda (the "City Council"), be located in the City of Alameda (the "City"); and WHEREAS, the City Council desires to approve the participation by the City in the County's program and to approve the calling by the County of the election on a countywide basis; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Alameda as follows: 1. The participation by the City in the County's housing program for elderly and disabled very-low-income persons and families is hereby approved, subject to the approval hereafter by the City Council of each development to be located in the City. T) u 2 The calling by the County of a countywide election to y n authorize the implementation of the program is hereby approved. o < RESOLUTION NO. page 2 3. This resolution shall not create, or authorize the creation of, any liability of the City or any of its funds or properties for any purpose of the program. 4. This resolution shall take effect immediately upon its passage and approval. (169) I, the undersigned, hereby certify that the foregoing Resolution was duly and regularly adopted and passed by the Council of the City of Alameda in regular meeting assembled on the 1st of March, 1988, by the following vote to wit: AYES: Councilmembers Can'icia, Haugner, Monsef, Thomas and Mayor Corica - 5. NOES: None. ABSENT: None. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of said City this 2nd day of March, 1988. j /7 Ill A ViA144/ City Clerk of the City of Alameda