CC Resolution No. 8757
e e
~af N:). 8757
A Rm>I.Ul'Iaf OF '!HE CI'l'Y CXUlCIL OF '!HE CI'l'Y OF ~
AI.1'DDU:ZnG EXEX:UrIaf :JF A <:xx:JPmATIVE ~ BEIWEEN '!HE
, :-:.. .':; " : ,/,O:ntr'iI OF 'Si\Nl'1lctARAJ-)N):-nm<::r1Y'QPlUW.l:1<.l..uwO~')
PARI'ICIPNJ.'.D:tJ' IRA' 1DRlGI'GE::~rr ~.u'l.CATE PR:lGIW{
AND .At1IH:RIZnG APPLICATIaf ftR AUJ:JCATIaf OF M:RIGAGE
CREDrr (.2K1'u!CATE ISSUANCE ,~
". , :.,:;,...; :, ~ ;.......;:1 ,_; . ::. j .". "
" .'-."~:~/- :..>1.)/" ~;'-':.:.');:~(i{/'\1.')'/!}1i
.; ,,' i<; ;.: .;..~~-.l,1-~;-tbere.J). a.Pa" J. ~'" r&d< . fer ..affordable tx:IQSOWnerShip
..~r.:~tIm1~ !;i..within, -the city .of ~"': partic,-~l"1""ly for ...first-time
hc:IDBb1yerS; am ' ' ..'.
, ~. .-, " , :J 1 " :? , f .' .... ~;, .' , ,i. t !
ltimEAS, ~ of Mar~ cr:e:Ut certificates to irdividual heme
plI'Chasers .. would emance the ~fardability of both. i. ;2Ib1'EOdMtirg l'xxnes
~.,;>'withiri~!ftb8:"-:~ um.tta,and t!>>Js enabletbl;city"tD',helpilMet its assisted
", ~ii1g I~, goal..II';1, fc.c:1! .....-sa.. , ~ ,~aalSi):as ;~~, in':~i ~l Plan
HcUl1n;J Element; am ' ,.", .', ., ~ " , '
, .'. ., ," }, ;r~'.. ~(d..'.!/:: ~." ;, ','~ :.-- "'; 7;U'.;UP:)'('
. . ,.; . __~/,, t;here has, been presented to the city c:ounc:il a oo~ative
. ayt~J ~ :the City of a~rtincHlt'd'aiJnt:y of Saitta Clara r~
'. p8rt.1Cipat:1orr:1b:a udtgaga credit certificata,pr.~CWI;, am ~ )!';,' .'1::',
. .., ,} l~UiJ ,-, -.'~ r.~ I;.' . ~r.~ ~< .' :- '.:.1. r ~:~ '.J . . . _I" I, " .~..~, ;.,{......')::::..."', 4l"1;;'~;
WHmDSi'r.; the I :teJ:1I8.and ,cxn1itialB of said agreement; ~. ~ reviewed am
~ by the Di.rectar of ~1r1ity DeYe]'i".AJ.t anrrtbe eit1 AttOfney;
~,.~;. mf'lT ~VED that the ~ii]nat8:f:~tive of the
santa ' 'Clari r- - criuntY. Bean! of :.SUpIIt'Vi8ars is, hereby :authad.zecl-, to make imnedi.ate
_ aR'licFiM':::to' tbe,:.staaI IUt:gl!Ig8.BcnS Al~tia1 c:mnittee.in :the.:name of the
City,. rof,t;..Q..JpBJ:tino;',fara w:rtgage.lx:n1 ~J'~tia11J:t:.the~et':'$600,000 to
be oc:nverted far authcrity to' ~issue M.& ~ 'Ciedit 'certitica'b:iS lfi1' the aDD.D'lt
of $150,000 (tesed upon the 4: 1 0CI'M!t'Sia1 factor) ; ; . ..: :::><:r.
. -. -.~ ;!;;.' ~ -j :i:.,~ .~, ,I. .' _ . ~':1;'
PASSm AND Awt'l'd) at a regular meet.i11g .of"tha,city eci.incU ofn~ City ot
0Jpart:.irx> this .1..lu. day of Seot:emhPT " 1992' by the fo~ vOte:
, ,
~:
~ OF '!HE CT1."{' CIUfCIL "
AYES:
Dean, Goldman, Koppel, Szabo, Sorensen
None
None,
None
:<<:;ES::' . - .
ABSENl':
ABS"..AIN :
.APPRJ\1ED:
~ -
,;~u;~1:! ~~"
ATrESr:
'{J~~ 7AjJ~
CITY CLERK, Deputy
p:%efI08/TJD:,
~~I1~"'"~1~~~~7i~.~\~~~~~~
e
...
~I..,:<- ~ .
COOPERA~ACREDmNT aJo;'(w":":N THE COUNTY or &ANTA ClARA AND
"', . .THE CITY OF CUPl:RT~Q .
nm; COOPERATIVE AGlU!1!MeNT (lh.: "Cuoperativc Aarcement") is made and en18rtd into
., of '," . 1M. bynd het.wP.en~IbeCOUNTY 01' SANTA C~.~:1epl,subcfivi..ion
and 'body oorportte 'aM politic of the SUu: or California (r~ .Cnnnry.), ;nd UJc Cbot c~. it
wwlidpal c:orpocation oCthe Stale otCalitomioa (&be "City.). ' '..: " ,,' H.." ,;:
;'.-.:. t':._
': ~ ~ ~-"'. : .'
" , -I . , ~,
. ,
,'. ..' :. WHPB.&\Sim {ul1beranc:c of cbcMCCJ'r~gnun. tllaCity Council baa autborUep,the County to
1flI'I1 10 tbe'!!ateotCll1tomla Debt LimitA.!ocation Commitsee (CI>LM:)in'&hc name ;C?! lbc City of
C~M fOr I morTg:ter. hnnd tlIocadon fn the amount' at S6OO.000 to lie laded foe aathorily to i.uu.:
Morrpp CteditCcrtif'~.bll face am(1llnl nr sl~nnn (buecJ upon lhc4:1 trJdOofn vll1l1e uf 1.i\..ld
~~J.i~ . '. ~.'" J,', ' ',': :..: .... ,: ,":, .".:. "
WHEREAS. iI is expcc1ed dull lhe Cily'5 3pplkation ror the MCC Program win be $Ubsequ~nlJ~
, "pPm~iS: 6j.1hr. r.f)[.AC ~ N~M '1992; and ' . . ,
, . ~ ...;,It .. ~ _' .'
WHEREAS. cbe County Hoasinp Bnnd CuunJin:ttnr is a\;::1ini.~'~ring a County-wide ~fCC
~ram; fWd
WH~K~A~. the City and the Count)' wish to ';uopcrale wilh one another pursuant to the: Act In
the exercise or their powers under the Act !'or I hr. (lnrp(l~s o! the MCC Proeram: .
WHEREAS. the County will be operating no Met: ~ernm in ~ COUDt)'. and the City .Ie .I~'\
that the ProJr.Ull be :.pplicabr. to otherwise cligihk rc.:tl pro~r1y In the CIty:
NOW. mEREFORE. in col1Sideralivn or the coven:lnlJO hereinafter prnv1rtt'.t1. the rames here:"
asrce u follow,;
1
: ,^~~ .~.
.0
-
:~-::(~'~_.";~:'l. ~:>J.:,' i' , . . .. .~. _ .
~ . ,,'-, :::..,. ,.:.- ';/;:'// ;,-;;
.~,.... ; .,:Ir.~>~ ,i; ;....~;"1, I ::." ~- ~,., ,: .,',:' . ~":;,'~' ..": t. ',' ._,-. .....~U."'7....
SECTION 1. The words and phr;J~ of Ihis Coopc~llrjVC'A.e-.-ell'~ :~"~.~ -',JaJJ~
hereof nl .... . deli d h . . . ...-. -...' or. ,purposes
Act u ess Owet"W1Se me ereJn, h:1V~ Ihe mc:tmngs ilSsigncd to such words and phrases in the
SECllON 2. Th-.: City reprcsenu and warrant~ to the County that: CO the City has heretorore
ad~~~.~ ~~~~,Cily in conrurmance with the provisions or the Planninl and Zoninl Law
~ rhc State oCCaIiforma (~vemment Code Sections 6~ et seq.). (ii) said leneral,~udes a
d use eIeme?t ~ a ~. el~nt AS required hy Government Code Section 65302. and (ill) me
~~.~.aidJ.md DIP. ~l"f1undhousi'U!~1ement
.. SEC:t1t>>(1.i.iIeCOunty shall conlinue to St:1rr :1 program for the effective ~nisUalion of the
MCC:;'pl'C)pm..'wi~,; the ,eographical hound:uies of the County. The County shall continue itJ
coo~~lh;J~ real estate and lending institutions in order to mlintain their participation in
securing applications from eligible applicants for review :1nd approval by County ~presentatives on
behalf of the County and the City.; ( ~,. " .'-
. .. 'S~tl6N4.-'If:,iUrinj me term of Ihis as.rc~m~nl. the City determines that it cannot utilize all of
the MCC allocation, provided by the CDI..AC. the City will have the option to assi&" a panion of the
allocation to thcCounty for redistribution amon!; lhe County and other participating cities.
SECTION S. This agreemem may he terminated, byciL'ler party,t1pori,90 ~;-w,riuen n?tice
delivered to the other party. The term of Ihi~' :tgrccm~nt shall extend until such termination by written
notice.
SECTION 6. The City ~ to undertake ~uch rurl~er_ p~~~i~I!.~r ac~~ may be
necessary to carry out the terms and intent of Ihi~ ag.n:cment :1.' e:c.pressed in the ~~s-~"])I'Ovided.
however. that DOthinl~ shall require Ihc City to :1pproprfutc any funds to the County for services
under this aarcement. Fu~s (Of the tadminiMrillion of the pro&ram shall be derived by the County from
the applic&tic.n fee paid by MCC app1ication~ administcred hy the County. These fees shall~co11ected
a~d reta'inees-by1he ,CoUntY in aU cases adm ini!tcred hy the County includin~ those where the City's
MCC allocation is debited.
: : SECTION.'.' NothinS in this Coopcr<ive Agreement shall prevent the Coum.y:tmm entering
into one Of more qreements with other municipal corporarions within th~ County. if deelned necessary
and advisable Ea., ~o ~bythe County.
SECTION I. This Cooperative A:!n.:cml~nl may bt: amended by one or morc .supplemental
apeements execur.ed by the County and lhe Cily :Jl ~my ~im~.
SECTION 9. Nothina contained h~r~in sh;t11 he interpreted (0 impose a relation.~hjp or partners
or joiJu ventures between the City and the County.
SECTION 10. The Counry asrcc~ 10 indemnify. defend and hold the City. iu officers.
aacrneys. a.mployees and agents hs.rm1es.4i ...gain~t :lny :1nd iln r.laims. damagES or causes of action arising
from eny act or omission on the pm of the Cllunly. il~ ()(fic~r~. anolllcys. employees and agents.
2
e
e
IN WITNESS WHEREOF. the partie,; hereto have ci1u~d this Cooperative ApeemenC to be
executed and attested by their proper ofliccrs thereunto duly authorized. and their o!ficial seals to he
; ~; '. -:.~':; bIRro:aflb't-d. all a or tIJe day firstafkwe written. . ' , l' ;;,' ., - . , ,,'
.. rl ,"'l .. ~~ >:-." t" ..!' ,.;.
.. "~ I .
"
:'...;:~:'.:'"
, .... ~.) ';... ,j~
~<"" !-J,.
!.AI ,
r.;,,;~~.::'..);::1:.:"i ?:..< ~~
'\ '"
- ...,. ~
.: ...'":.~ ':- J ~i 'JJr') ~ ~....
". /';-'I'~-""-- ~:"""
, ,',,,, , . j .(,
;.:'.' ~ :<~:~i~~;~-c !~"",. ' :'J! ,e"i-:r.:?j ~
i'COoNTYOP!ANT'A'~
, ," ":'~~1' \, ,
, ,..~:_.....\~,'
:.~-:~./,;~! 1'li'~'i ::.r;:.~2.~;':;j'j
.. ...".
.j'
~. ~ !', : r,' : :,", ;.."
,.~"':"'I ~~f.;.U'-.. . .. L"~/" --:. ;~~~.',.; ~."lU L~~i'~~
A11'EST:
'. ~.: BY [ }', '-,". <~ r;? J.-::' ~~ !J'i ~':. :rt~,'l 'gO'N
. "" '" ...... ~,
ZoJcCfcreft.::i .-:
ChiitpetSOri"t)ftJM? ~) ~ I.
, BOIftfofSupe~;:
. , .) [-.' l.!...~. ~: r .- u:.:. ~
. -,'" ,"', ". ) '.
:. ~ ~ I,:"
ATJ'EST:
.) J
,.t". ',"';.-~."!'.J "<t,: ;Ci '!:r..:-:~."-:
"" .~, ; j' ~ "'J ~.:
: - Al~' Clerk o'f the BoW.
, '~:;.n' ~' " ",-"/ ~.,
, nl.1ut$ ClOI~M' ., .'
. . f' .. ': ~
,f . ,.. ;.~ . .'.
, ,.J~" .; ,,~.o. .
.;'....,
.,
: .
'~ ~ 'APPRovED AS TO fORM AND LEGALITY:
,J"l"
-., -t. ~ r :1'-;
! ':.~
:~ -J i...: ,
:. ,-: " i... i ~: . > .
.,','r: .;'
,0 ~:' ~~ J -;3:~
-,
.' ; 'I r . -:r IrMIN1v ,.;;.w.i.o:a-.l " .' '
- ,.4 J.'...,.,.......J ~ ~' .'
" . Ju', ~',"~, . 1." ':~~;''''~;./)~
",. :'-'- ~ :-,:' " " ". ."
: ,;, , CityorCUpertino '.:" ':~:J;~
. ,,~ . ' ~'< ...f "' j :,!.~ ?: ~ ,~ -: ~;:, r j v
. ~ ":;.... ~,' ~~ ..,'
- :::;., -(SEAL)
" ':,'
~,.., I .~.... ,...... ", \,;
, '<I.." By' .
. 'j : : ,.~. ,
";,': I' ~~~": ~~j
.,
,.) ..
.. MaYor' ':-"~'; C-:-:j.
: " ~:,)~/
..
: - -"ll~":"
APPROVED ASlO FORM
- Ci1y Oak
City Attorncy
~3