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Resolution No. 6138 377 RESOLUTION NO. 6138 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS APPROVING THE CITY'S PARTICIPATION IN THE MORTGAGE CREDIT CERTIFICATE (MCC) PROGRAM IN COOPERATION WITH THE COUNTY OF ORANGE. WHEREAS, there is a need to encourage the availability of homes affordable to first time homebuyers; WHEREAS, the Board of Supervisors of the County of Orange (the "County") has declared its intent to engage in a Mortgage Credit Certificate Program (the "Program") pursuant to part 5 of Division 31 of the Health and Safety Code of the State of California (the "Act"); WHEREAS, the City finds and determines that it is in the best interest of the City to participate in the Program and to consent to the operation of the Program by the County within the geographic boundaries of the City pursuant to the Act; and WHEREAS, the City desires to enter into a Cooperative Agreement with the County to permit the operation of the Program within the boundaries of the City; NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Cypress as follows: 1. The City hereby adopts the Program and consents to the operation of the Program by the County with respect to all properties located within the geographic boundaries of the City. 2. The City agrees to participate in the County's MCC Program in accordance with the Cooperative Agreement between the County and the City (the "Agreement"), a copy of which will be executed concurrently with this Resolution by the Mayor or his designee. 3. This Resolution shall take effect immediately upon its adoption by the City Council. PASSED AND ADOPTED by the City Council of the City of Cypress at a regular meeting held on the 27th day of April, 2009. /�� // ��'•F T• e'oF CYPRESS ATTEST: tbD,L e [a-eY) CITY CLERK OF THE CITY OF CYPRESS STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS I, DENISE BASHAM, City Clerk of the City of Cypress, DO HEREBY CERTIFY that the foregoing Resolution was duly adopted at a regular meeting of the said City Council held on the 27th day of April, 2009, by the following roll call vote: AYES: 5 COUNCIL MEMBERS: Luebben, Mills, Seymore, Narain, and Bailey NOES: 0 COUNCIL MEMBERS: None ABSENT: 0 COUNCIL MEMBERS: None k.bok ,67-.as‘curv) CITY CLERK OF THE CITY OF CYPRESS