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HomeMy WebLinkAboutMINUTES - 05101994 - 1.47 _ Contra z Costa TO: BOARD OF SUPERVISORS County rA c FROM: Harvey E. Bragdon Director of Community Development DATE: May 10, 1994 SUBJECT: Home-Mortgage Finance Program and Mortgage Credit Certificate Program SPECIFIC REQUEST(S) OR RECOMMENDATIONS (S) & BACKGROUND AND ,JUSTIFICATION RECOMMENDATIONS APPROVE and AUTHORIZE the Chair of the Board of Supervisors .-and the Deputy Director -.Redevelopment to execute Cooperative Agreements with the following cities for participation in the County's Home Mortgage Finance Program and Mortgage Credit Certificate Program. Antioch Brentwood Clayton Concord Danville El Cerrito Hercules Lafayette Martinez Moraga Orinda Pinole Pittsburg Pleasant Hill Richmond San Pablo San Ramon Walnut Creek FISCAL IMPACT None. No General Fund monies are involved. CONTINUED ON ATTACHMENT: X YES SIGNATURE: RECOMMENDATION OF COUNTY ADMINISTRATOR RE ENDATION 'QF BOARD CO TTEE APPROVE OTHER I SIGNATURE(S) : ACTION OF BOARD ON May 10 , 1994 APPROVED AS RECOMMENDED x OTHER VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A x UNANIMOUS (ABSENT ) TRUE AND CORRECT COPY OF AN AYES: NOES: ACTION TAKEN AND ENTERED ON THE ABSENT: ABSTAIN: MINUTES OF THE BOARD OF SUPERVISORS ON THE DATE SHOWN. Source: Kelly Cahoun 646-4208 cc: Community Development ATTESTED May 10 , 1994 CAO PHIL BATCHELOR, CLERK OF Redevelopment Agency THE BOARD OF SUPERVISORS 1KC1/jb/mcchome.bos AN COUNTY ADMINISTRATOR BY , DEPUTY BACKGROUNDJREASONS FOR RECOMMENDATIONS On May 3, 1994, the Board of Supervisors authorized the Deputy Director - Redevelopment to submit to the California Debt Limit Allocation Committee the necessary applications to request an allocation of Private Activity Bond Authority for Mortgage Credit Certificates. Contra Costa County has been operating a Countywide Mortgage Credit Certificate (MCC) program since June, 1991. By approval of the Cooperative Agreements, the program will be able to continue operation throughout the unincorporated County and all cities. The approval of this agreement will also provide for the County to be able to operate future Home Mortgage Finance Programs Countywide. RESOLUTION NO. 94-62 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN RAMON AUTHORIZING THE MAYOR TO EXECUTE A COOPERATIVE AGREEMENT WITH THE COUNTY OF CONTRA COSTA REGARDING THE USE OF MORTGAGE CREDIT CERTIFICATES IN THE CITY OF SAN RAMON AND THE ADMINISTRATION OF THE PROGRAM BY THE COUNTY OF CONTRA COSTA I. HOME MORTGAGE FINANCE PROGRAM WHEREAS, there is a shortage in the County of Contra Costa (the "County") and in the City of San Ramon (the "City) of decent, safe and sanitary housing, particularly of housing affordable by persons in the lower end of the purchasing spectrum, and a consequent need to encourage the construction of homes affordable by such persons and otherwise to increase the housing supply in the County and in the City for such persons; and WHEREAS, the Board of Supervisors of the County has adopted an ordinance declaring its intent to engage in a home mortgage finance program pursuant to Chapters 1-5 of Part 5 of Division 31 of the Health and Safety Code of the State of California (the "Act"); and WHEREAS, the County intends to issue bonds pursuant to the Act to provide funds for the County's home mortgage finance program - Mortgage Credit Certificate (MCC) ('Program"), if the County determines that such programs are deemed to be beneficial; and WHEREAS, The Council finds and determines that it is in the best interest of the City to adopt 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; H. MORTGAGE CREDIT CERTIFICATE PROGRAM WHEREAS, there is a continued need for affordable homeownership opportunities within the City and the Country particularly for households at the lower end of the purchasing spectrum; and WHEREAS,the Tax Reform Act of 1984 established the Mortgage Credit Certificate Program (hereinafter' referred to as the "MCC Program") as a means of assisting qualified individuals with the acquisition of new and existing single family housing; and lerxt�Y :e?R& 44 tta 4 q /uf(, txur and"::,,W* ..spy of .! .:Yel.•(urion "JopMJ gy t& City C.•.„:_il .•i tett 04,ty ot, d dA City cfrxk r Resolution No. 94-62 Page 2 of 3 WHEREAS, Division 31, Part 1, Chapter 35, Article 4 of the California Health and Safety Code Sections 50197 et seq (the "Act") authorizes Counties, Cities and Redevelopment Agencies to create and participate in MCC programs; and WHEREAS, the County has heretofore determined to engage in a MCC Program pursuant to the Act in order to assist individual home purchasers in the County to afford both new and existing homes within the statutory limits as provided for in said Act; and WHEREAS,the County intends to request additional MCC Program allocations from the California Debt Limit Allocation Committee (CDLAC) to continue operation of its existing MCC Program; and WHEREAS, the City requests that the MCC allocation be available to eligible first time homebuyers within the corporate limits of the City; and WHEREAS, the County and City wish to cooperate with one another pursuant to the "Act" in the exercise of their powers under the "Act" for the purposes of the MCC Program; and WHEREAS, the County has successfully administered a MCC Program since 1991, in which over 700 individuals and families have been assisted in the purchase of new and existing homes in the County. NOW, THEREFORE, BE IT RESOLVED that the City Council on April 26, 1994 recommended approval of the Home Mortgage Finance Program and the Mortgage Credit Certificate Program for the purpose of increasing the housing supply of affordable housing in the County and in the City, and consents to the operation of said Programs by the County with respect to all property located within the geographical boundaries of the City. BE IT FURTHER RESOLVED, that the Cooperative Agreement, dated as of , between the County and the City ("Agreement"), in the form presented to this meeting, is hereby approved and the Mayor is hereby authorized and directed to execute and deliver the Agreement, for and in the name and on behalf of the City. The Mayor, with the advice and consent of the City attorney, is further authorized to enter into such additional agreements with the County, execute such other documents, or take such other actions as they may deem necessary or appropriate to carry out the purposes and intent of the Agreement or to cooperate in the implementation of the Program. - Signatures on next page - Resolution No. 94-62 Page 3 of 3 PASSED, APPROVED AND ADOPTED on this 26th day of April, 1994 by the following vote: AYES: Councilmembers Boom, Carr, Kinney, Oliver and Mayor Welm NOES: None ABSENT: None ABSTAIN: None 1 Hermann Welm, Mayor ATTEST: 77 dy M farlane, CP Clerk Attachments: 1) .Cooperative Agreement Between the County of Contra Costa and the City of San Ramon I i COOPERATIVE AGREEMENT BETWEEN THE COUNTY OF CONTRA COSTA AND THE CITY.OF SAN RAMON THIS COOPERATIVE AGREEMENT (the "Cooperative Agreement") is made and entered into as of . 1994 , by and between the COUNTY OF CONTRA COSTA ("County"), and the CITY OF SAN RAMON (the "City"). WITNESSETH: MORTGAGE CREDIT CERTIFICATE PROGRAM WHEREAS, the Tax Reform Act of 1984 established the Mortgage Credit Certificate Program (hereinafter referred to as the "MCC Program") as a means of assisting qualified individuals with the acquisition of new and existing single family housing; and WHEREAS, the County has heretofore determined to engage in an MCC Program pursuant to Chapters 1399, Statutes of 1985 Section 50197, et sea of the Health and Safety Code of the State of California(the "Act") in order to assist individual home purchasers in the County to afford both new and existing homes within the statutory limits as provided for in said Act; and WHEREAS, in furtherance of the MCC Program, the County authorized its staff to apply to the California Debt Limit Allocation Committee(CDLAC)to obtain allocations for operation of the Mortgage Credit Certificate Program in Contra Costa County; and WHEREAS, Contra Costa County has operated a successful Mortgage Credit Certificate Program since 1991, in which over 700 qualified individuals and families have been assisted in the purchase of new and existing housing in the County; and WHEREAS, the City and the County wish to cooperate with one another pursuant to the Act in the exercise of their powers under the Act for the purposes of the MCC Program; and WHEREAS, the County has the capacity both to issue bonds and to establish and administer an MCC Program; and WHEREAS, the County intends to administer an MCC Program in the County, and the City desires that the Program be applicable to eligible real property in the City; WITNESSETH: MORTGAGE BOND PROGRAM WHEREAS, the County has determined to engage in a home mortgage finance program pursuant to Chapters 1-5 of Part 5 of Division 31 of the Health and Safety Code of the State of California (the "Act")to make or acquire, directly or indirectly, loans to finance the construction or acquisition of homes in the County of Contra Costa, all as provided for in the Act (the "Home Mortgage Finance Program"); WHEREAS, the County of Contra Costa, pursuant to the Act, has adopted a home finance program by Ordinance No. 82-5; WHEREAS, the County has determined to cooperate with the City pursuant to the Act in the exercise of its powers under the Act for purposes of the Home Mortgage Finance Program; and WHEREAS, the City, pursuant to the Act, has adopted a home mortgage finance program and has determined to cooperate with the County pursuant to the Act in the exercise of its powers under the Act for purposes of the Home Mortgage Finance Program; NOW, THEREFORE, in consideration of the mutual covenants hereinafter provided, the parties hereto agree as follows: SECTION 1. The.words and phrases of this Cooperative Agreement shall, for all purposes hereof unless otherwise defined herein, have the meanings assigned to such words and phrases in the Act. SECTION 2. The County shall staff a program for the effective administration of an MCC Program within the geographical boundaries of the City. The County shall cooperate with local real estate and lending institutions in order to maintain their participation in securing applications from eligible applicants for review and approval by County representatives on behalf of the County and the City. SECTION 3. The County intends to undertake a Home Mortgage Finance Program and to issue revenue bonds pursuant to the Act, as such programs are deemed to be beneficial. SECTION 4. The City hereby agrees to cooperate with the County in the exercise jointly or otherwise of their powers for the purpose of financing home mortgages pursuant to the Act by agreeing that the County shall exercise such powers to make or acquire home mortgages under the Home Mortgage Finance Program, all as more specifically set forth in the Act, with respect to property located within the geographic boundaries of the City. SECTION 5. Nothing in this Cooperative Agreement shall prevent the County from entering into one or more similar agreements with other municipal corporations within the County, if deemed necessary and advisable to do so by the County, so long as such other agreements are not inconsistent with this agreement. SECTION 6. The City agrees to undertake such further proceedings or actions as may be necessary to carry out the terms and intent of this Cooperative Agreement as expressed in the recitals; provided, however, that nothing in this Cooperative Agreement shall require the City to appropriate any funds to the County for services under this Cooperative Agreement. Funds for the administration.of the MCC Program, and the Home Mortgage Finance Program shall be derived by the County from the fees paid by the MCC applicants and from administrative fees paid by the Home Mortgage Finance Program respectively. SECTION 7. Nothing contained herein shall be interpreted to.impose a relationship of partners or joint ventures between the City and the County. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and attested by their proper officers thereunder duly authorized, and their officials seals to be hereunto affixed, all as of the day first above written. CITY OF SAN RAMON COU Y OF NTR COSTA BY: �,f, By: Mayor C air.of the Board of Supervisors County of Contra Costa (SEAL) (SEAL) ATTEST: ATTEST: Phil Batchelor,County Administrator and Clerk of the Board of Supervisors BY: f V 1 Q, By: (IAA-A JAA,1 ity C rk 1 kc 1/jb/SanRamon.coa Revised 3-17-94 Resolution 94-8056 CITY OF PITTSBURG STATE OF CALIFORNIA RESOLUTION AUTHORIZING EXECUTION OF A COOPERATIVE AGREEMENT ADOPTING A HOME MORTGAGE FINANCE PROGRAM IN COOPERATION WITH THE COUNTY OF CONTRA COSTA, AND REGARDING THE USE OF MORTGAGE CREDIT CERTIFICATES IN THE CITY OF PITTSBURG AND THE ADMINISTRATION' OF THE PROGRAM BY THE COUNTY OF CONTRA COSTA STAFF I. HOME MORTGAGE FINANCE PROGRAM WHEREAS, there is a shortage in the County of Contra Costa (the "County") and in the City of Pittsburg (the "City") of decent, safe, and sanitary housing, particularly of housing affordable by persons in the lower end of the purchasing spectrum, and a consequent need to encourage the construction of homes affordable by such persons and otherwise to increase the housing supply in the County and in the City for such persons; and WHEREAS, the Board of Supervisors of the County has adopted an ordinance declaring its intent to engage in a home mortgage finance program pursuant to Chapters 1-5 of Part 5 of Division 31 of the Health and Safety Code of the State of California (the "Act"); and WHEREAS, the County intends to issue bonds pursuant to the Act to provide funds for the County's home Mortgage mortgage finance program - e Credit Certificate (MCC) ("Program"), if the t� t., County determines that such programs are deemed to be beneficial; and WHEREAS, the Council finds and determines that it is in the best interest of the City to adopt 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; 11. MORTGAGE'CREDIT CERTIFICATE PROGRAM WHEREAS, there is a continued need for affordable homeownership opportunities within the City and the County particularly for households at the lower end of the purchasing spectrum; and WHEREAS, the Tax Reform Act of 1984 established the Mortgage Credit Certificate Program (hereinafter referred to as the "MCC Program") as a means of assisting qualified individuals with the acquisition of new and existing single family housing; and WHEREAS, Division 3l, Part 1, Chapter 35, Article 4 of the California Health and Safety Code Sections 50197 et seq (the "Act") authorizes Counties, Cities, and Redevelopment Agencies to create and participate in MCC Programs; and Z� WHEREAS, the County has heretofore determined to engage in an MCC Program pursuant to the Act in order to assist individual home purchasers in the County to afford both new and existing homes within the statutory limits as provided for in said Act; and WHEREAS, the County intends to request additional MCC Program allocations from the California Debt Limit Allocation Committee (CDLAQ to continue operation of its existing MCC Program; and M WHEREAS, the City requests that the MCC allocation be available to eligible first time homebuyers within the corporate limits of the City; and WHEREAS, the County and City wish to cooperate with one another pursuant to the "Act" in the exercise of their powers under the "Act" for the purposes of the MCC Program; and .WHEREAS, the County has successfully administered an MCC Program since 1991, in which over 700 individuals and families have been assisted in the purchase of new and existing homes in the County. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF Section 1: The City hereby adopts the Home Mortgage Finance Program and the Mortgage Credit Certificate Program for the purpose of increasing the housing supply of affordable housing in the County and in the City, and consents to the operation of said Programs by the County with respect to all property located within the geographical boundaries of the City. Section 2: The Cooperative Agreement, dated as of April 4 , 1994 , between the County and the City ("Agreement"), in the form presented to this meeting, is hereby approved and the Mayor is hereby authorized and directed to execute and deliver the Agreement, for and in the name and on behalf of the City. The Mayor, with the advice and consent of the City Attorney, is further authorized to enter into such additional agreements with the County, execute such other documents, or take such other actions as they may deem necessary or appropriate to carry out the purposes and intent of the Agreement or to cooperate in the implementation of the Program. Section 3: This resolution shall take effect from and after its adoption. NOW, THEREFORE, IT IS HEREBY DETERMINED AND ORDERED that the Mayor of the City be hereby authorized and directed to execute said agreement for and on behalf of the City of Pittsburg. I HEREBY CERTIFY that the foregoing resolution was passed and adopted by the City Council of the City of Pittsburg, at its regular meeting held on the 4th day of April 1994, by the following vote: AYES: Members Canciamilla, Davis , Lewis , Quesada & Mayor Erbez NOES: None Md—ry Er e or Att t• ABSENT: None Zb I lian J. ride, City Clerk Page Two of Two Resolution 94-8056 Ike 1/jb/Pitsburg.agr Revised 3-18-94 COOPERATIVE AGREEMENT BETWEEN THE COUNTY OF CONTRA COSTA AND THE CITY OF PITTSBURG THIS COOPERATIVE AGREEMENT (the "Cooperative Agreement") is made and entered into as of April 4 . 1994 , by and between the COUNTY OF CONTRA COSTA ("County"), and the CITY OF PITTSBURG (the "City"). WITNESSETH: MORTGAGE CREDIT CERTIFICATE PROGRAM WHEREAS, the Tax Reform Act of 1984 established the Mortgage Credit Certificate Program (hereinafter referred to as the "MCC Program") as a means of assisting qualified individuals with the acquisition of new and existing single family housing; and WHEREAS, the County has heretofore determined to engage in an MCC Program pursuant to Chapters 1399, Statutes of 1985 Section 50197, et sea of the Health and Safety Code of the State of California(the "Act") in order to assist individual home purchasers in the County to afford both new and existing homes within the statutory limits as provided for in said Act; and WHEREAS, in furtherance of the MCC Program, the County authorized its staff to apply to the California Debt Limit Allocation Committee(CDLAC)to obtain allocations for operation of the Mortgage Credit Certificate Program in Contra Costa County; and WHEREAS, Contra Costa County has operated a successful Mortgage Credit Certificate Program since 1991, in which over 700 qualified individuals and families have been assisted in the purchase of new and existing housing in the County; and WHEREAS, the City and the County wish to cooperate with one another pursuant to the Act in the exercise of their powers under the Act for the purposes of the MCC Program; and WHEREAS, the County has the capacity both to issue bonds and to establish and administer an MCC Program; and WHEREAS, the County intends to administer an MCC Program in the County, and the City desires that the Program be applicable to eligible real property in the City; WITNESSETH: MORTGAGE BOND PROGRAM WHEREAS, the County has determined to engage in a home mortgage finance program pursuant to Chapters 1-5 of Part 5 of Division 31 of the Health and Safety Code of the State of California (the "Act")to make or acquire, directly or indirectly, loans to finance the construction or acquisition of homes in the County of Contra Costa, all as provided for in the Act (the "Home Mortgage Finance Program"); WHEREAS, the County of Contra Costa, pursuant to the Act, has adopted a home finance program by Ordinance No. 82-5; WHEREAS, the County has determined to cooperate with the City pursuant to the Act in the exercise of its powers under the Act for purposes of the Home Mortgage Finance Program; and WHEREAS, the City, pursuant to the Act, has adopted a home mortgage finance program and has determined to cooperate with the County pursuant to the Act in the exercise of its powers under the Act for purposes of the Home Mortgage Finance Program; NOW, THEREFORE, in consideration of the mutual covenants hereinafter provided, the parties hereto agree as follows: SECTION 1. The words and phrases of this Cooperative Agreement shall, for all purposes hereof unless otherwise defined herein, have the meanings assigned to such words and phrases in the Act. SECTION 2. The County shall staff a program for the effective administration of an MCC Program within the geographical boundaries of the City. The County shall cooperate with local real estate and lending institutions in order to maintain their participation in securing applications from eligible applicants for review and approval by County representatives on behalf of the County and the City. SECTION 3. The County intends to undertake a Home Mortgage Finance Program and to issue revenue bonds pursuant to the Act, as such programs are deemed to be beneficial. SECTION 4. The City hereby agrees to cooperate with the County in the exercise jointly or otherwise of their powers for the purpose of financing home mortgages pursuant to the Act by agreeing that the County shall exercise such powers to make or acquire home mortgages under the Home Mortgage Finance Program, all as more specifically set forth in the Act, with respect to property located within the geographic boundaries of the City. SECTION 5. Nothing in this Cooperative Agreement shall prevent the County from entering into one or more similar agreements with other municipal corporations within the County, if deemed necessary and advisable to do so by the County, so long as such other agreements are not inconsistent with this agreement. SECTION 6. The City agrees to undertake such further proceedings or actions as may be necessary to carry out the terms and intent of this Cooperative Agreement as expressed in the recitals; provided, however, that nothing in this Cooperative Agreement shall require the City to appropriate any funds to the County for services under this Cooperative Agreement. Funds for the administration of the MCC Program, and the Home Mortgage Finance Program shall be derived by the County from the fees paid by the MCC applicants and from administrative fees paid by the Home Mortgage Finance Program respectively. SECTION 7. Nothing contained herein shall be interpreted to impose a relationship of partners or joint ventures between the City and the County. Page Two of Three IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and attested by their proper officers thereunder duly authorized, and their officials seals to be hereunto affixed, all as of the day first above written. CITY OF PITTSBURG C UNTY CONT COSTA BY: By: Mayor hair of the Board of Supervisors County of Contra Costa (SEAL) (SEAL) ATTEST: ATTEST: Phil Batchelor,County Administrator and Clerk of the Board of Supervisors BY• GdticJ By: LmAa ` 4Citylerk Page Three of Three 1 kc 1/jb/Pitsburg.coa Revised 3-17-94 Countywide MCC Program 1992 City #MCCs Issued Average Purchase Price Average Income Antioch__ 36' 128540.941 37206.36 Bay Point 11 93700.001 42252.00 Brentwood 4 141125.001 46589.50 Clayton 01 1 Concord 381 116956.841 36672.18 Crockett 1 140000.001 24600.00 Danville 1 148500.00 46000.00 EI Cerrito 0 El Sobrante 7 135114.29 38772.88 Hercules 8 124281.881 32744.13 Martinez _ 101 132245.00 33931.00 North Richmond 0 125857.14 34212.98 Oakiey 151 139162.331 41257.67 Pacheco 1 161550.001 52400.00 Pinole _ __ 21 116560.001 41774.00 Pittsburg 501 181690.00139700.75 Pleasant Hill_ 1 I 161000.00 36549.00 Richmond 281 124926.791 36904.36 Rodeo 31 148333.331 40262.00 �,S,an Pablo_ 10 124305.001 37436.90 San_Ramon 8 143675.00 38868.00 Walnut Creek 61 114983.331 34302.00 1993 City MCCs Issued Average Purchase Price Average Income Antioch 31' 136362.26 38192.19 B_ay Point 61 130898.00 37563.65 Brentwood 41 182894.75 49100.00 Clayton 11 161550.001 35000.00 Concord 191 131165.531 37349.11 Crockett 01 Danville 11 154500.001 38800.00 El Cerrito 1 41 156037.501 41389.75 ElSobrante 1 11 129000.001 39000.00 Hercules 11 104000.001 23674.00 Martinez 51 154380.001 43777.20 North Richmond 1 01 1 Oakley 211 140164.001 38113.32 Pacheco _ _ 0 Pinole_ 11 142000.001 34104.00 Pittsburg 151 125254.201 37273.82 Pleasant Hill_ 11 159900.001 49404.00 Richmond _ 71 133312.141 39935.81 Rodeo 0 San Pablo - 91 117611.111 39823.91 San Ramon _ 2 118000.001 32124.00 Walnut Creek 61 116241.671 31674.40 3/8/94 BEFORE THE CITY COUNCIL OF THE CITY OF PINOLE COUNTY OF CONTRA COSTA, STATE OF CALIFORNIA - - - - - - - - - - - - - - - In the Matter of Authorizing) Execution of a Cooperative ) Agreement Adopting a Home ) Mortgage Finance Program In ) Cooperation With the County ) of Contra Costa, and Regard-) RESOLUTION NO. 3004 ing the use of Mortgage ) Credit Certificates in the ) City of Pinole and the ) Administration of the Pro- ) gram by the County of Contra) Costa Staff ) I . HOME MORTGAGE FINANCE PROGRAM WHEREAS, there is a shortage in the County of Contra Costa (the "County" ) and in the City of Pinole (the "City" ) of decent, safe and sanitary housing, particularly of housing affordable by persons in the lower end of the purchasing spectrum, and a consequent need to encourage the construction of homes affordable by such persons and otherwise to increase the housing supply in the County and in the City for such persons; and WHEREAS, the Board of Supervisors of the County has adopted an ordinance declaring its intent to engage in a home mortgage finance program pursuant to Chapters 1-5 of Part 5 of Division 31 of the Health and Safety Code of the State of California (the "Act" ) ; and WHEREAS, the County intends to issue bonds pursuant to the Act to provide funds for the County' s home mortgage finance program (the "Program" ) ; if the County finds that such programs are deemed to be beneficial; and WHEREAS, the Council finds and determines that it is in the best interest of the City to adopt 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; II . MORTGAGE CREDIT CERTIFICATE PROGRAM WHEREAS, there is a continued need for affordable home ownership opportunities within the City and the County particularly for households at the lower end of the purchasing spectrum; and WHEREAS, the Tax Reform Act of 1984 established the Mortgage Credit Certificate Program (hereinafter referred to as the "MCC Program" ) as a means of assisting qualified individuals with the acquisition of new and existing single family housing; and WHEREAS, Division 31, Part 1, Chapter 35, Article 4 of the California Health and Safety Code Sections 50197 et seq (the "Act" ) authorizes Counties, Cities, and Redevelopment Agencies to create and participate in MCC Programs; and WHEREAS, the County has heretofore determined to engage in an MCC Program pursuant to the Act in order to assist individual home purchasers in the County to afford both new and existing homes within the statutory limits as provided for in said Act; and WHEREAS, the County intends to request additional MCC Program allocations from the California Debt Limit Allocation Committee (CDLAC) to continue operation of the existing MCC Program; and RESOLUTION NO. 3004 Page 2 WHEREAS, the City requests that the MCC allocation be available to eligible first time home buyers within the corporate limits of the City; and WHEREAS, the County and City wish to cooperate with one another pursuant to the "Act" in the exercise of their powers under the "Act" for the purposes of the MCC Program; and WHEREAS, the County has successfully administered the MCC Program since 1991, in which over 700 individuals and families have been assisted in the purchase of new and existing homes in the County. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PINOLE Section 1 : The City hereby adopts the Home Mortgage Finance Program and the Mortgage Credit Certificate Program for the purpose of increasing the housing supply of affordable housing in the County and in the City, and consents to the operation of said Programs by the County with respect to all property located within the geographical boundaries of the City. Section 2 : The Cooperative Agreement, dated as of , between the County and the City ( "Agreement" ) in the form presented to this meeting, is hereby approved and the Mayor is hereby authorized and directed to execute and deliver the Agreement, for and in the name and on behalf of the City. The Mayor, with the advice and consent of the City Attorney, is authorized to enter into any additional agreements with the County, execute such other documents, or take such actions as they may deem necessary or appropriate to carry out the purposes and intent of the Agreement or to cooperate in the implementation of the program. Section 3 : This resolution shall take effect from and after its adoption. NOW, THEREFORE, IT IS DETERMINED AND ORDERED that the Mayor of the City be authorized and directed to execute said agreement for and on behalf of the City of Pinole. PASSED and ADOPTED this 18th day of April, 1994 , by the following vote: AYES: COUNCILMEMBERS: Alegria, Mariotti, Murray, Purnell t & Horton NOES : COUNCILMEMBERS: None ABSENT: COUNCILMEMBERS: None ABSTAIN: COUNCILMEMBERS: None ELS' ABETH GRIMES, CITY CLERK CITY OF PINOLE e:\ds\mcc2.res I HEREBY CERTIFY THAT THE FOREGOING IS A TP.UE AND CORRECT COPY OF TRE ORIGINAL DOC'--•HENT ON FILE IN MY OFFICE. LELIZA Fi GRIt"I wS, CITY CLERK ITY OF PINOLE,CALIFORNIA DATE ��_ 1 COOPERATIVE AGREEMENT BETWEEN THE COUNTY OF CONTRA COSTA AND THE CITY OF PINOLE THIS COOPERATIVE AGREEMENT (the "Cooperative Agreement") is made and entered into as of . 1994 , by and between the COUNTY OF CONTRA COSTA ("County"), and the CITY OF PINOLE (the "City"). WITNESSETH: MORTGAGE CREDIT CERTIFICATE PROGRAM WHEREAS, the Tax Reform Act of 1984 established the Mortgage Credit Certificate Program (hereinafter referred to as the "MCC Program") as a means of assisting qualified individuals with the acquisition of new and existing single family housing; and WHEREAS, the County has heretofore determined to engage in an MCC Program pursuant to Chapters 1399, Statutes of 1985 Section 50197, et sea of the Health and Safety Code of the State of California (the "Act") in order to assist individual home purchasers in the County to afford both new and existing homes within the statutory limits as provided for in said Act; and WHEREAS, in furtherance of the MCC Program, the County authorized its staff to apply to the California Debt Limit Allocation Committee(CDLAC)to obtain allocations for operation of the Mortgage Credit Certificate Program in Contra Costa County; and WHEREAS, Contra Costa County has operated a successful Mortgage Credit Certificate Program since 1991, in which over 700 qualified individuals and families have been assisted in the purchase of new and existing housing in the County; and WHEREAS, the City and the County wish to cooperate with one another pursuant to the Act in the exercise of their powers under the Act for the purposes of the MCC Program; and WHEREAS, the County has the capacity both to issue bonds and to establish and administer an MCC Program; and WHEREAS, the County intends to administer an MCC Program in the County, and the City desires that the Program be applicable to eligible real property in the City; WITNESSETH: MORTGAGE BOND PROGRAM WHEREAS, the County has determined to engage in a home mortgage finance program pursuant to Chapters 1-5 of Part 5 of Division 31 of the Health and Safety Code of the State of California (the "Act")to make or acquire, directly or indirectly, loans to finance the construction or acquisition of homes in the County of Contra Costa, all as provided for in the Act (the "Home Mortgage Finance Program"); WHEREAS, the County of Contra Costa, pursuant to the Act, has adopted a home finance program by Ordinance No. 82-5; WHEREAS, the County has determined to cooperate with the City pursuant to the Act in the exercise of its powers under the Act for purposes of the Home Mortgage Finance Program; and WHEREAS, the City, pursuant to the Act, has adopted a home mortgage finance program and has determined to cooperate with the County pursuant to the Act in the exercise of its powers under the Act for purposes of the Home Mortgage Finance Program; NOW, THEREFORE, in consideration of the mutual covenants hereinafter provided, the parties hereto agree as follows: SECTION 1. The words and phrases of this Cooperative Agreement shall, for all purposes hereof unless otherwise defined herein, have the meanings assigned to such words and phrases in the Act. SECTION 2. The County shall staff a program for the effective administration of an MCC Program within the geographical boundaries of the City. The County shall cooperate with local real estate and lending institutions in order to maintain their participation in securing applications from eligible applicants for review and approval by County representatives on behalf of the County and the City. SECTION 3. The County intends to undertake a Home Mortgage Finance Program and to issue revenue bonds pursuant to the Act, as such programs are deemed to be beneficial. SECTION 4. The City hereby agrees to cooperate with the County in the exercise jointly or otherwise of their powers for the purpose of financing home mortgages pursuant to the Act by agreeing that the County shall exercise such powers to make or acquire home mortgages under the Home Mortgage Finance Program, all as more specifically set forth in the Act, with respect to property located within the geographic boundaries of the City. SECTION 5. Nothing in this Cooperative Agreement shall prevent the County from entering into one or more similar agreements with other municipal corporations within the County, if deemed necessary and advisable to do so by the County, so long as such other agreements are not inconsistent with this agreement. SECTION 6. The City agrees to undertake such further proceedings or actions as may be necessary to carry out the terms and intent of this Cooperative Agreement as expressed in the recitals; provided, however, that nothing in this Cooperative Agreement shall require the City to appropriate any funds to the County for services under this Cooperative Agreement. Funds for the administration of the MCC Program, and the Home Mortgage Finance Program shall be derived by the County from the fees paid by the MCC applicants and from administrative fees paid by the Home Mortgage Finance Program respectively. SECTION 7. Nothing contained herein shall be interpreted to impose a relationship of partners or joint ventures between the City and the County. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and attested by their proper officers thereunder duly authorized, and their officials seals to be hereunto affixed, all as of the day first above written. CITY OF PINOLE UNTY CO TRA COSTA BY• By: �ayor� Mary Horton Chair of the Board of Supervisors County of Contra Costa (SEAL) (SEAL) ATTEST: ATTEST: Phil Batchelor,County Administrator and Clerk of the Board of Supervisors BY: By: ° Clerk Elizabeth Grimes 1kc1/jb/Pino1e.coa Revised 3-17-94 RIESOLUT:EON 94- 34! i CITY OF EL CERRITO STATE OF CALIFORNIA RESOLUTION AUTHORIZING EXECUTION OF A COOPERATIVE AGREEMENT ADOPTING A HOME MORTGAGE FINANCE PROGRAM IN COOPERATION WITH THE COUNTY OF CONTRA COSTA, AND REGARDING THE USE OF MORTGAGE CREDIT CERTIFICATES IN THE CITY OF EL CERRITO AND THE ADMINISTRATION OF THE PROGRAM BY THE COUNTY OF CONTRA COSTA STAFF I. HOME MORTGAGE FINANCE PROGRAM WHEREAS, there is a shortage in the County of Contra Costa (the "County") and in the City of El Cerrito (the "City") of decent, safe, and sanitary housing, particularly of housing affordable by persons in the lower end of the purchasing spectrum, and a consequent need to encourage the construction of homes affordable by such persons and otherwise to increase the housing supply in the County and in the City for such persons; and WHEREAS, the Board of Supervisors of the County has adopted an ordinance declaring its intent to engage in a home mortgage finance program pursuant to Chapters 1-5 of Part 5 of Division 31 of the Health and Safety Code of the State of California (the "Act"); and WHEREAS, the County intends to issue bonds pursuant to the Act to provide funds for the County's home mortgage finance program - Mortgage Credit Certificate (MCC) ("Program"), if the el County determines that such programs are deemed to be beneficial; and WHEREAS, the Council finds and determines that it is in the best interest of the City to adopt 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; 11. MORTGAGE CREDIT CERTIFICATE PROGRAM WHEREAS, there is a continued need for affordable homeownership opportunities within the City and the County particularly for households at the lower end of the purchasing spectrum; and WHEREAS; the Tax Reform Act of 1984 established the Mortgage Credit Certificate Program (hereinafter referred to as the "MCC Program") as a means of assisting qualified individuals with the acquisition of new and existing single family housing; and C� WHEREAS, Division 31, Part 1, Chapter 35, Article 4 of the California Health and Safety Code Sections 50197 et seq (the "Act")authorizes Counties, Cities, and Redevelopment Agencies to create and participate in MCC Programs; and WHEREAS, the County has heretofore determined to engage in an MCC Program pursuant to 0 the Act in order to assist individual home purchasers in the County to afford both new and existing homes within the statutory limits as provided for in said Act; and WHEREAS, the County intends to request additional MCC Program allocations from the California Debt Limit Allocation Committee (CDLAQ to continue operation of its existing MCC Program; and WHEREAS, the City requests that the MCC allocation be available to eligible first time homebuyers within the corporate limits of the City; and WHEREAS, the County and City wish to cooperate with one another pursuant to the "Act" in the exercise of their powers under the "Act" for the purposes of the MCC Program; and WHEREAS, the County has successfully administered an MCC Program since 1991, in which over 700 individuals and families have been assisted in the purchase of new and existing homes in the County. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF Section 1: The City hereby adopts the Home Mortgage Finance Program and the Mortgage Credit Certificate Program for the purpose of increasing the housing supply of affordable housing in the County and in the City, and consents to the operation of said Programs by the County with respect to all property located within the geographical boundaries of the City. Section 2: The Cooperative Agreement, dated as of April 18, 1994 , between the County and the City ("Agreement"), in the form presented to this meeting, is hereby approved and the Mayor is hereby authorized and directed to execute and deliver the Agreement, for and in the name and on behalf of the City. The Mayor, with the advice and consent of the City Attorney, is further authorized to enter into such additional agreements with the County, execute such other documents, or take such other actions as they may deem necessary or appropriate to carry out the purposes and intent of the Agreement or to cooperate in the implementation of the Program. Section 3: This resolution shall take effect from and after its adoption. NOW,THEREFORE, IT IS HEREBY DETERMINED AND ORDERED that the Mayor of the City be hereby authorized and directed to execute said agreement for and on behalf of the City of EI Cerrito. I CERTIFY that at a regular meeting on April 18, 1994 the EI Cerrito City Council passed this Resolution by the following vote: AYES: COUNCILMEMBERS: Jellison, La Force, Ritz, Bartke NOES: COUNCILMEMBERS: None ABSENT: COUNCILMEMBERS: Kosel IN WITNESS of this action, I sign this document and affix the corporate seal of the City of EI Cerrito on April 18, 1994. da M. Giddingv City Clerk AFP n- J ne A. Bartke, Mayor DDIN Jerk » of the City of El Cerrito, CA COOPERATIVE AGREEMENT BETWEEN THE COUNTY OF CONTRA COSTA AND THE CITY OF EL CERRITO THIS COOPERATIVE AGREEMENT (the "Cooperative Agreement") is made and entered into as of . 1994 , by and between the COUNTY OF CONTRA COSTA ("County"), and the CITY OF EL CERRITO (the "City"). WITNESSETH: MORTGAGE CREDIT CERTIFICATE PROGRAM WHEREAS, the Tax Reform Act of 1984 established the Mortgage Credit Certificate Program (hereinafter referred to as the "MCC Program") as a means of assisting qualified individuals with the acquisition of new and existing single family housing; and WHEREAS, the County has heretofore determined to engage in an MCC Program pursuant to Chapters 1399, Statutes of 1985 Section 50197, et sep of the Health and Safety Code of the State of California(the "Act") in order to assist individual home purchasers in the County to afford both new and existing homes within the statutory limits as provided for in said Act; and WHEREAS, in furtherance of the MCC Program, the County authorized its staff to apply to the California Debt Limit Allocation Committee(CDLAC)to obtain allocations for operation of the Mortgage Credit Certificate Program in Contra Costa County; and WHEREAS, Contra Costa County has operated a successful Mortgage Credit Certificate Program since 1991, in which over 700 qualified individuals and families have been assisted in the purchase of new and existing housing in the County; and WHEREAS, the City and the County wish to cooperate with one another pursuant to the Act in the exercise of their powers under the Act for the purposes of the MCC Program; and WHEREAS, the County has the capacity both to issue bonds and to establish and administer an MCC Program; and WHEREAS, the County intends to administer an MCC Program in the County, and the City desires that the Program be applicable to eligible real property in the City; WITNESSETH: MORTGAGE BOND PROGRAM WHEREAS, the County has determined to engage in a home mortgage finance program pursuant to Chapters 1-5 of Part 5 of Division 31 of the Health and Safety Code of the State of California (the "Act")to make or acquire, directly or indirectly, loans to finance the construction or acquisition of homes in the County of Contra Costa, all as provided for in the Act (the "Home Mortgage Finance Program"); WHEREAS, the County of Contra Costa, pursuant to the Act, has adopted a home finance program by Ordinance No. 82-5; WHEREAS, the County has determined to cooperate with the City pursuant to the Act in the exercise of its powers under the Act for purposes of the Home Mortgage Finance Program; and WHEREAS, the City, pursuant to the Act, has adopted a home mortgage finance program and has determined to cooperate with the County pursuant to the Act in the exercise of its powers under the Act for purposes of the Home Mortgage Finance Program; NOW, THEREFORE, in consideration of the mutual covenants hereinafter provided, the parties hereto agree as follows: SECTION 1. The words and phrases of this Cooperative Agreement shall, for all purposes hereof unless otherwise defined herein, have the meanings assigned to such words and phrases in the Act. SECTION 2. The County shall staff a program for the effective administration of an MCC Program within the geographical boundaries of the City. The County shall cooperate with local real estate and lending institutions in order to maintain their participation in securing applications from eligible applicants for review and approval by County representatives on behalf of the County and the City. SECTION 3. The County intends to undertake a Home Mortgage Finance Program and to issue revenue bonds pursuant to the Act, as such programs are deemed to be beneficial. SECTION 4. The City hereby agrees to cooperate with the County in the exercise jointly or otherwise of their powers for the purpose of financing home mortgages pursuant to the Act by agreeing that the County shall exercise such powers to make or acquire home mortgages under the Home Mortgage Finance Program, all as more specifically set forth in the Act, with respect to property located within the geographic boundaries of the City. SECTION 5. Nothing in this Cooperative Agreement shall prevent the County from entering into one or more similar agreements with other municipal corporations within the County, if deemed necessary and advisable to do so by the County, so long as such other agreements are not inconsistent with this agreement. SECTION 6. The City agrees to undertake such further proceedings or actions as may be necessary to carry out the terms and intent of this Cooperative Agreement as expressed in the recitals; provided, however, that nothing in this Cooperative Agreement shall require the City to appropriate any funds to the County for services under this Cooperative Agreement. Funds for the administration of the MCC Program, and the Home Mortgage Finance Program shall be derived by the County from the fees paid by the MCC applicants and from administrative fees paid by the Home Mortgage Finance Program respectively. SECTION 7. Nothing contained herein shall be interpreted to impose a relationship of partners or joint ventures between the City and the County. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and attested by their proper officers thereunder duly authorized, and their officials seals to be hereunto affixed, all as of the day first above written. CITY OF EL CERRITO COU TY OF CONT COSTA BY: By: ayor air of the Board of Supervisors County of Contra Costa (SEAL) (SEAL) ATTEST: ATTEST: Phil Batchelor, County Administrator and Clerk of the Board of Supervisors BBy:By: City Clerk 1kc 1/jb/E1Cerito.coa Revised 3-17-94 RESOLUTION NO. 19-94 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CLAYTON AUTHORIZING EXECUTION OF A COOPERATIVE AGREEMENT ADOPTING A HOME MORTGAGE FINANCE PROGRAM IN COOPERATION WITH THE COUNTY OF CONTRA COSTA, AND REGARDING THE USE OF MORTGAGE CREDIT CERTIFICATES IN THE CITY OF CLAYTON AND THE ADMINISTRATION OF THE PROGRAM BY THE COUNTY OF CONTRA COSTA STAFF I. HOME MORTGAGE FINANCE PROGRAM WHEREAS, there is a shortage in the County of Contra Costa (the "County" ) and in the City of Clayton (the "City" ) of affordable, decent, safe, and sanitary housing, particularly of housing affordable by persons in the lower end of the purchasing spectrum, and a consequent need to encourage the construction of homes affordable by such persons and otherwise to increase the housing supply in the County and in the City for such persons; and WHEREAS, the Board of Supervisors of the County has adopted an ordinance declaring its intent to engage in a home mortgage finance program pursuant to Chapters 1-5 of Part 5 of Division 31 of the Health and Safety Code of the State of California (the "Act" ) ; and WHEREAS, the County intends to issue bonds pursuant to the Act to provide funds for the County' s home mortgage finance program - Mortgage Credit Certificate (MCC) ( "Program" ) , if the County determines that such programs are deemed to be beneficial; and WHEREAS, the Council finds and determines that it is in the best interest of the City to adopt 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; II. MORTGAGE CREDIT CERTIFICATE PROGRAM WHEREAS, there is a continued need for affordable home ownership opportunities within the City and the County particularly for households at the lower end of the purchasing spectrum; and WHEREAS, the Tax Reform Act of 1986 established the Mortgage Credit Certificate Program (hereinafter referred to as the "MCC Program" ) as a means of assisting qualified individuals with the acquisition of new and existing single family housing; and WHEREAS, Division 31, Part 1, Chapter 35, Article 4 of the California Health and Safety Code Sections 50197 et seq (the "Act" ) authorizes Counties, Cities, and Redevelopment Agencies to create and participate in MCC Programs; and WHEREAS, the County has heretofore determined to engage in an MCC Program pursuant to the Act in order to assist individual home purchasers in the County to afford both new and existing homes within the statutory limits as provided for in said Act; and WHEREAS, the County intends to request additional MCC Program allocations from the California Debt Limit Allocation Committee (CDLAC) to continue operation of its existing MCC Program; and WHEREAS, the City requests that the MCC allocation be available to eligible first time home buyers within the corporate limits of the City; and RESOLUTION NO. 19-94 WHEREAS, the County and City wish to cooperate with one another pursuant to the "Act" in the exercise of their powers under the "Act" for the purposes of the MCC Program; and WHEREAS, the County has successfully administered an MCC Program since 1991, in which over 700 individuals and families have been assisted in the purchase of new and existing homes in the County; NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Clayton as follows : Section 1: The City hereby adopts the Home Mortgage Finance Program and the Mortgage Credit Certificate Program for the purpose of increasing the housing supply of affordable housing in the County and in the City, and consents to the operation of said Programs by the County with respect to all property located within the geographical boundaries of the City. Section 2 : The Cooperative Agreement, dated as of April 20, 1994, between the County and the City ( "Agreement" ) , in the form presented to this meeting, is hereby approved and the Mayor is hereby authorized and directed to execute and deliver the Agreement, for and in the name and on behalf of the City. The Mayor, with the advice and consent of the City Attorney, is further authorized to enter into such additional agreements with the County, execute such other documents, or take such other actions as they may deem necessary or appropriate to carry out the purposes and intent of the Agreement or to cooperate in the implementation of the Program. Section 3: This resolution shall take effect from and after its adoption. Adopted by the City Council of the City of Clayton at a regular meeting of said Council held on April 5, 1994, by the following vote: AYES: Council Members Littorno, Manning, Vice Mayor Pierce, Mayor Laurence NOES: None ABSENT: Council Member Kendall CyC-�1 Mayor ATTEST: City Clerk I hereby certify that the foregoing resolution was duly and regularly passed by the City Council of the City of Clayton at a regular meeting held on April 5, 1994 . C' Clerk 2 COOPERATIVE AGREEMENT BETWEEN THE COUNTY OF CONTRA COSTA-AND THE CITY OF CLAYTON THIS COOPERATIVE AGREEMENT (the "Cooperative Agreement") is made and entered into as of Apri 1 20, , 1994 , by and between the COUNTY OF CONTRA COSTA ("County"), and the CITY OF CLAYTON (the "City"). WITNESSETH: MORTGAGE CREDIT CERTIFICATE PROGRAM WHEREAS, the Tax Reform Act of 1984 established the Mortgage Credit Certificate Program (hereinafter referred to as the "MCC Program") as a means of assisting qualified individuals with the acquisition of new and existing single family housing; and WHEREAS, the County has heretofore determined to engage in an MCC Program pursuant to Chapters 1399, Statutes of 1985 Section 50197, et se of the Health and Safety Code of the State of California (the "Act") in order to assist individual home purchasers in the County to afford both new and existing homes within the statutory limits as provided for in said Act; and WHEREAS, in furtherance of the MCC Program, the County authorized its staff to apply to the California Debt Limit Allocation Committee(CDLAC)to obtain allocations for operation of the Mortgage Credit Certificate Program in Contra Costa County; and WHEREAS, Contra Costa County has operated a successful Mortgage Credit Certificate Program since 1991, in which over 700 qualified individuals and families have been assisted in the purchase of new and existing housing in the County; and WHEREAS, the City and the County wish to cooperate with one another pursuant to the Act in the exercise of their powers under the Act for the purposes of the MCC Program; and WHEREAS, the County has the capacity both to issue bonds and to establish and administer an MCC Program; and WHEREAS, the County intends to administer an MCC Program in the County, and the City desires that the Program be applicable to eligible real property in the City; WITNESSETH: MORTGAGE BOND PROGRAM WHEREAS, the County has determined to engage in a home mortgage finance program pursuant to Chapters 1-5 of Part 5 of Division 31 of the Health and Safety Code of the State of California (the "Act")to make or acquire, directly or indirectly, loans to finance the construction or acquisition of homes in the County of Contra Costa, all as provided for in the Act (the "Home Mortgage Finance Program"); WHEREAS, the County of Contra Costa, pursuant to the Act, has adopted a home finance program by Ordinance No. 82-5; WHEREAS, the County has determined to cooperate with the City pursuant to the Act in the exercise of its powers under the Act for purposes of the Home Mortgage Finance Program; and WHEREAS, the City, pursuant to the Act, has adopted a home mortgage finance program and has determined to cooperate with the County pursuant to the Act in the exercise of its powers under the Act for purposes of the Home Mortgage Finance Program; NOW, THEREFORE, in consideration of the mutual covenants hereinafter provided, the parties hereto agree as follows: SECTION 1. The words and phrases of this Cooperative Agreement shall, for all purposes hereof unless otherwise defined herein, have the meanings assigned to such words and phrases in the Act. SECTION 2. The County shall staff a program for the effective administration of an MCC Program within the geographical boundaries of the City. The County shall cooperate with local real estate and lending institutions in order to maintain their participation in securing applications from eligible applicants for review and approval by County representatives on behalf of the County and the City. SECTION 3. The County intends to undertake a Home Mortgage Finance Program and to issue revenue bonds pursuant to the Act, as such programs are deemed to be beneficial. SECTION 4. The City hereby agrees to cooperate with the County in the exercise jointly or otherwise of their powers for the purpose of financing home mortgages pursuant to the Act by agreeing that the County shall exercise such powers to make or acquire home mortgages under the Home Mortgage Finance Program, all as more specifically set forth in the Act, with respect to property located within the geographic boundaries of the City. SECTION 5. Nothing in this Cooperative Agreement shall prevent the County from entering into one or more similar agreements with other municipal corporations within the County, if deemed necessary and advisable to do so by the County, so long as such other agreements are not inconsistent with this agreement. SECTION 6. The City agrees to undertake such further proceedings or actions as may be necessary to carry out the terms and intent of this Cooperative Agreement as expressed in the recitals; provided, however, that nothing in this Cooperative Agreement shall require the City to appropriate any funds to the County for services under this Cooperative Agreement. Funds for the administration of the MCC Program, and the Home Mortgage Finance Program shall be derived by the County from the fees paid by the MCC applicants and from administrative fees paid by the Home Mortgage Finance Program respectively. SECTION 7. Nothing contained herein shall be interpreted to impose a relationship of partners or joint ventures between the City and the County. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and attested by their proper officers thereunder duly authorized, and their officials seals to be hereunto axed, all as of the day first above written. CITY OF CLAYTON COUT OF NTRA C A L By: Mayor Chair of the Board of Supervisors County of Contra Costa (SEAL) (SEAL) ATTEST: ATTEST: Phil Batchelor, County Administrator and Clerk of the Board of Supervisors BY: By: AAL16 a City Clerk krc1/jb/C1ayton.coa Revised 3-17-94 RESOLUTION NO. 94/62 CITY OF ANTIOCH STATE OF CALIFORNIA RESOLUTION AUTHORIZING EXECUTION OF A COOPERATIVE AGREEMENT ADOPTING A HOME MORTGAGE FINANCE PROGRAM IN COOPERATION WITH THE COUNTY OF CONTRA COSTA, AND REGARDING THE USE OF MORTGAGE CREDIT CERTIFICATES IN THE CITY OF ANTIOCH AND THE ADMINISTRATION OF THE PROGRAM BY THE COUNTY OF CONTRA COSTA STAFF I. HOME MORTGAGE FINANCE PROGRAM WHEREAS, there is a shortage in the County of Contra Costa (the "County") and in the City of Antioch (the "City") of decent, safe, and sanitary housing, particularly of housing affordable by persons in the lower end of the purchasing spectrum, and a consequent need to encourage the construction of homes affordable by such persons and otherwise to increase the housing supply in the County and in the City for such persons; and WHEREAS, the Board of Supervisors of the County has adopted an ordinance declaring its intent to engage in a home mortgage finance program pursuant to Chapters 1-5 of Part 5 of Division 31 of the Health and Safety Code of the State of California (the "Act"); and WHEREAS, the County intends to issue bonds pursuant to the Act to provide funds for the County's home mortgage finance program - Mortgage Credit Certificate (MCC) ("Program"), if the County determines that such programs are deemed to be beneficial; and WHEREAS, the Council finds and determines that it is in the best interest of the City to adopt 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; II. MORTGAGE CREDIT CERTIFICATE PROGRAM WHEREAS, there is a continued need for affordable homeownership opportunities within the City and the County particularly for households at the lower end of the purchasing spectrum; and WHEREAS, the Tax Reform Act of 1984 established the Mortgage Credit Certificate Program (hereinafter referred to as the "MCC Program") as a means of assisting qualified individuals with the acquisition of new and existing single family housing; and WHEREAS, Division 31, Part 1, Chapter 35, Article 4 of the California Health and Safety Code Sections 50197 et seq (the "Act") authorizes Counties, Cities, and Redevelopment Agencies to create and participate in MCC Programs; and WHEREAS, the County has heretofore determined to engage in an MCC Program pursuant to the Act in order to assist individual home purchasers in the County to afford both new and existing homes within the statutory limits as provided for in said Act; and WHEREAS, the County intends to request additional MCC Program allocations from the California Debt Limit Allocation Committee (CDLAC) to continue operation of its existing MCC Program; and WHEREAS, the City requests that the MCC allocation be available to eligible first time 42 homebuyers within the corporate limits of the City; and WHEREAS, the County and City wish to cooperate with one another pursuant to the "Act" in the exercise of their powers under the "Act" for the purposes of the MCC Program; and WHEREAS, the County has successfully administered an MCC Program since 1991, in which over 700 individuals and families have been assisted in the purchase of new and existing homes in the County. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF Section 1: The City hereby adopts the Home Mortgage Finance Program and the Mortgage Credit Certificate Program for the purpose of increasing the housing supply of affordable housing in the County and in the City, and consents to the operation of said Programs by the County with respect to all property located within the geographical boundaries of the City. Section 2: The Cooperative Agreement, dated as of April 26. 1994 , between the County and the City ("Agreement"), in the form presented to this meeting, is hereby approved and the Mayor is hereby authorized and directed to execute and deliver the Agreement, for and in the name and on behalf of the City. The Mayor, with the advice and consent of the City Attorney, is further authorized to enter into such additional agreements with the County, execute such other documents, or take such other actions as they may deem necessary or appropriate to carry out the purposes and intent of the Agreement or to cooperate in the implementation of the Program. Section 3: This resolution shall take effect from and after its adoption. NOW, THEREFORE, IT IS HEREBY DETERMINED AND ORDERED that the Mayor of the City be hereby authorized and directed to execute said agreement for and on behalf of the City of Antioch. I HEREBY CERTIFY that the foregoing resolution was passed and adopted by the City Council of the City of Antioch, at its regular meeting held on the 26th day of April 1994, by the following vote: AYES: Council Member Freitas, Rimbault, Rocha, Hernandez and Mayor Keller NOES: None ABSENT: None FLORENCE V. RUNDALL, 1ty Clerk 1 kc 1/jb/Antioch.agr Revised 3-18-94 COOPERATIVE AGREEMENT BETWEEN THE COUNTY OF CONTRA COSTA AND THE CITY OF ANTIOCH THIS COOPERATIVE AGREEMENT (the "Cooperative Agreement") is made and entered into as of May 2 , 1994 , by and between the COUNTY OF CONTRA COSTA ("County"), and the CITY OF ANTIOCH (the "City"). WITNESSETH: MORTGAGE CREDIT CERTIFICATE PROGRAM WHEREAS, the Tax Reform Act of 1984 established the Mortgage Credit Certificate Program (hereinafter referred to as the "MCC Program") as a means of assisting qualified individuals with the acquisition of new and existing single family housing; and WHEREAS, the County has heretofore determined to engage in an MCC Program pursuant to Chapters 1399, Statutes of 1985 Section 50197, ase of the Health and Safety Code of the State of California(the "Act") in order to assist individual home purchasers in the County to afford both new and existing homes within the statutory limits as provided for in said Act; and WHEREAS, in furtherance of the MCC Program, the County authorized its staff to apply to the California Debt Limit Allocation Committee(CDLAC)to obtain allocations for operation of the Mortgage Credit Certificate Program in Contra Costa County; and WHEREAS, Contra Costa County has operated a successful Mortgage Credit Certificate Program since 1991, in which over 700 qualified individuals and families have been assisted in the purchase of new and existing housing in the County; and WHEREAS, the City and the County wish to cooperate with one another pursuant to the Act in the exercise of their powers under the Act for the purposes of the MCC Program; and WHEREAS, the County has the capacity both to issue bonds and to establish and administer an MCC Program; and WHEREAS, the County intends to administer an MCC Program in the County, and the City. desires that the Program be applicable to eligible real property in the City; WITNESSETH: MORTGAGE BOND PROGRAM WHEREAS, the County has determined to engage in a home mortgage finance program pursuant to Chapters 1-5 of Part 5 of Division 31 of the Health and Safety Code of the State of California (the "Act")to make or acquire, directly or indirectly, loans to finance the construction or acquisition of homes in the County of Contra Costa, all as provided for in the Act (the "Home Mortgage Finance Program"); WHEREAS, the County of Contra Costa, pursuant to the Act, has adopted a home finance program by Ordinance No. 82-5; WHEREAS, the County has determined to cooperate with the City pursuant to the Act in the exercise of its powers under the Act for purposes of the Home Mortgage Finance Program; and WHEREAS, the City, pursuant to the Act, has adopted a home mortgage finance program and has determined to cooperate with the County pursuant to the Act in the exercise of its powers under the Act for purposes of the Home Mortgage Finance Program; NOW, THEREFORE, in consideration of the mutual covenants hereinafter provided, the parties hereto agree as follows: SECTION 1. The words and phrases of this Cooperative Agreement shall, for all purposes hereof unless otherwise defined herein, have the meanings assigned to such words and phrases in the Act. SECTION 2. The County shall staff a program for the effective administration of an MCC Program within the geographical boundaries of the City. The County shall cooperate with local real estate and lending institutions in order to maintain their participation in securing applications from eligible applicants for review and approval by County representatives on behalf of the County and the City. SECTION 3. The County intends to undertake a Home Mortgage Finance Program and to issue revenue bonds pursuant to the Act, as such programs are deemed to be beneficial. SECTION 4. The City hereby agrees to cooperate with the County in the exercise jointly or otherwise of their powers for.the purpose of financing home mortgages pursuant to the Act by agreeing that the County shall exercise such powers to make or.acquire home mortgages under the Home Mortgage Finance:Program, all as more specifically set forth in the Act, with respect to property located within the geographic boundaries of the City. Tie 4'ity may irmtnate theeratte Agreement t<pn 6p-tiny .:.:::..a':::.�:. }::...i::._::t.i':..ii'ni:'•i+'•i?i}: ............: ...... ztte �once..': e> un::.:: . ..................................................... :. .: :. .SECTION 5. Nothing in this Cooperative Agreement shall prevent the County from entering into one or more similar agreements with other municipal corporations within the County, if deemed necessary and advisable to do so by the County, so long as such other agreements are not inconsistent with this agreement. SECTION 6. The City agrees to undertake such further proceedings or actions as may be necessary to carry out the terms and intent of this Cooperative Agreement as expressed in the recitals; provided, however, that nothing in this Cooperative Agreement shall require the City to appropriate any funds to the County for services under this Cooperative Agreement. Funds for the administration of the MCC Program, and the Home Mortgage Finance Program shall be derived by the County from the fees paid by the MCC applicants and from administrative fees paid by the Home Mortgage Finance Program respectively. SECTION 7. Nothing contained herein shall be interpreted to impose a relationship of partners or joint ventures between the City and the County. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and attested by their proper officers thereunder duly authorized, and their officials seals to be hereunto axed, all as of the day first above written. CITY OF ANTIOCH ACShair CONTRA COSTA BY: � --'� By: Mayo oard ofSupervisors County of Contra Costa (SEAL) (SEAL) ATTEST: ATTEST: Phil Batchelor,County Administrator and Clerk of the Board of Supervisors BY: By: a City Clerk krc1/jb/Antioch.coa Revised 3-17-94 b COOPERATIVE AGREEMENT BETWEEN THE COUNTY OF CONTRA COSTA AND THE CITY OF WALNUT CREEK THIS COOPERATIVE AGREEMENT (the "Cooperative Agreement") is made and entered into as of May 3 . 1994 , by and between the COUNTY OF CONTRA COSTA ("County"), and the CITY OF WALNUT CREEK (the "City"). WITNESSETH: MORTGAGE CREDIT CERTIFICATE PROGRAM WHEREAS, the Tax Reform Act of 1984 established the Mortgage Credit Certificate Program (hereinafter referred to as the "MCC Program") as a means of assisting qualified individuals with the acquisition of new and existing single family housing; and WHEREAS, the County has heretofore determined to engage in an MCC Program pursuant to Chapters 1399, Statutes of 1985 Section 50197, et sea of the Health and Safety Code of the State of California(the "Act") in order to assist individual home purchasers in the County to afford both new and existing homes within the statutory limits as provided for in said Act; and WHEREAS, in furtherance of the MCC Program, the County authorized its staff to apply to the California Debt Limit Allocation Committee(CDLAC)to obtain allocations for operation of the Mortgage Credit Certificate Program in Contra Costa County; and WHEREAS,Contra Costa County has operated a successful Mortgage Credit Certificate Program since 1991, in which over 700 qualified individuals and families have been assisted in the purchase of new and existing housing in the County; and WHEREAS, the City and the County wish to cooperate with one another pursuant to the Act in the exercise of their powers under the Act for the purposes of the MCC Program; and WHEREAS, the County has the capacity both to issue bonds and to establish and administer an MCC Program; and y :. WHEREAS, the County intends to administer an MCC Program in the County, and the City desires that the Program be applicable to eligible real property in the City; WITNESSETH: MORTGAGE BOND PROGRAM WHEREAS, the County has determined to engage in a home mortgage finance program pursuant to Chapters 1-5 of Part 5 of Division 31 of the Health and Safety Code of the State of California (the "Act")to make or acquire,directly or indirectly,loans to finance the construction or acquisition of homes in the County of Contra Costa, all as provided for in the Act (the "Home Mortgage Finance Program"); WHEREAS, the County of Contra Costa, pursuant to the Act, has adopted a home finance program by Ordinance No. 82-5; WHEREAS, the County has determined to cooperate with the City pursuant to the Act in the exercise of its powers under the Act for purposes of the Home Mortgage Finance Program; and WHEREAS, the City, pursuant to the Act, has adopted a home mortgage finance program and has determined to cooperate with the County pursuant to the Act in the exercise of its powers under the Act for purposes of the Home Mortgage Finance Program; NOW, THEREFORE, in consideration of the mutual covenants hereinafter provided, the parties hereto agree as follows: SECTION 1. The words and phrases of this Cooperative Agreement shall, for all purposes hereof unless otherwise defined herein, have the meanings assigned to such words and phrases in the Act. SECTION 2. The County shall staff a program for the effective administration of an MCC Program within the geographical boundaries of the City. The County shall cooperate with local real estate and lending institutions in order to maintain their participation in securing applications from eligible applicants for review and approval by County representatives on behalf of the County and the City. SECTION 3. The County intends to undertake a Home Mortgage Finance Program and to issue revenue bonds pursuant to the Act, as such programs are deemed to be beneficial. SECTION 4. The City hereby agrees to cooperate with the County in the exercise jointly or otherwise of their powers for the purpose of financing home mortgages pursuant to the Act by agreeing that the County shall exercise such powers to make or acquire home mortgages under the Home Mortgage Finance Program, all as more specifically set forth in the Act, with respect to property located within the geographic boundaries of the City. SECTION 5. Nothing in this Cooperative Agreement shall prevent the County from entering into one or more similar agreements with other municipal corporations within the County, if deemed necessary and advisable to do so by the County, so long as such other agreements are not inconsistent with this agreement. SECTION 6. The City agrees to undertake such further proceedings or actions as may be necessary to carry out the terms and intent of this Cooperative Agreement as expressed in the recitals; provided, however, that nothing in this Cooperative Agreement shall require the City to appropriate any funds to the County for services under this Cooperative Agreement. Funds for the administration of the MCC Program, and the Home Mortgage Finance Program shall be derived by the County from the fees paid by the MCC applicants and from administrative fees paid by the Home Mortgage Finance Program respectively. SECTION 7. Nothing contained herein shall be interpreted to impose a relationship of partners or joint ventures between the City and the County. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and attested by their proper officers thereunder duly authorized, and their officials seals to be hereunto affixed, all as of the day first above written. CITY OF WALNUT REEK COUNTY OF CONTRA COSTA BY: By: ZA�- 4�� Mayor Chair of the Board of Supervisors County of Contra Costa (SEAL) (SEAL) ATTEST: ATTEST: Phil Batchelor,County Administrator and Clerk of the Board of Supervisors BY: 1 By: AAM 01 AA4-4 *itylerk 1kc 1/jb/walntcrk.coa Revised 3-17-94 COOPERATIVE AGREEMENT BETWEEN THE COUNTY OF CONTRA COSTA AND THE CITY OF SAN PABLO THIS COOPERATIVE AGREEMENT (the "Cooperative Agreement") is made and entered into as of . 1994 , by and between the COUNTY OF CONTRA COSTA ("County"), and the CITY OF SAN PABLO (the "City"). WITNESSETH: MORTGAGE CREDIT CERTIFICATE PROGRAM WHEREAS, the Tax Reform Act of 1984 established the Mortgage Credit Certificate Program (hereinafter referred to as the "MCC Program") as a means of assisting qualified individuals with the acquisition of new and existing single family housing; and WHEREAS, the County has heretofore determined to engage in an MCC Program pursuant to Chapters 1399, Statutes of 1985 Section 50197, et sea of the Health and Safety Code of the State of California (the "Act") in order to assist individual home purchasers in the County to afford both new and existing homes within the statutory limits as provided for in said Act; and WHEREAS, in furtherance of the MCC Program, the County authorized its staff to apply to the California Debt Limit Allocation Committee(CDLAC)to obtain allocations for operation of the Mortgage Credit Certificate Program in Contra Costa County; and WHEREAS, Contra Costa County has operated a successful Mortgage Credit Certificate Program since 1991, in which over 700 qualified individuals and families have been assisted in the purchase of new and existing housing in the County; and WHEREAS, the City and the County wish to cooperate with one another pursuant to the Act in the exercise of their powers under the Act for the purposes of the MCC Program; and WHEREAS, the County has the capacity both to issue bonds and to establish and administer an MCC Program; and WHEREAS, the County intends to administer an MCC Program in the County, and the City desires that the Program be applicable to eligible real property in the City; WITNESSETH: MORTGAGE BOND PROGRAM WHEREAS, the County has determined to engage in a home mortgage finance program pursuant to Chapters 1-5 of Part 5 of Division 31 of the Health and Safety Code of the State of California (the "Act")to make or acquire, directly or indirectly, loans to finance the construction or acquisition of homes in the County of Contra Costa, all as provided for in the Act (the "Home Mortgage Finance Program"); WHEREAS, the County of Contra Costa, pursuant to the Act, has adopted a home finance program by Ordinance No. 82-5; WHEREAS, the County has determined to cooperate with the City pursuant to the Act in the exercise of its powers under the Act for purposes of the Home Mortgage Finance Program; and WHEREAS, the City, pursuant to the Act, has adopted a home mortgage finance program and has determined to cooperate with the County pursuant to the Act in the exercise of its powers under the Act for purposes of the Home Mortgage Finance Program; NOW, THEREFORE, in consideration of the mutual covenants hereinafter provided, the parties hereto agree as follows: SECTION 1. The words and phrases of this Cooperative Agreement shall, for all purposes hereof unless otherwise defined herein, have the meanings assigned to such words and phrases in the Act. SECTION 2. The County shall staff a program for the effective administration of an MCC Program within the geographical boundaries of the City. The County shall cooperate with local real estate and lending institutions in order to maintain their participation in securing applications from eligible applicants for review and approval by County representatives on behalf of the County and the City. SECTION 3. The County intends to undertake a Home Mortgage Finance Program and to issue revenue bonds pursuant to the Act, as such programs are deemed to be beneficial. SECTION 4. The City hereby agrees to cooperate with the County in the exercise jointly or otherwise of their powers for the purpose of financing home mortgages pursuant to the Act by agreeing that the County shall exercise such powers to make or acquire home mortgages under the Home Mortgage Finance Program, all as more specifically set forth in the Act, with respect to property located within the geographic boundaries of the City. SECTION 5. Nothing in this Cooperative Agreement shall prevent the County from entering into one or more similar agreements with other municipal corporations within the County, if deemed necessary and advisable to do so by the County, so long as such other agreements are not inconsistent with this agreement. SECTION 6. The City agrees to undertake such further proceedings or actions as may be necessary to carry out the terms and intent of this Cooperative Agreement as expressed in the recitals; provided, however, that nothing in this Cooperative Agreement shall require the City to appropriate any funds to the County for services under this Cooperative Agreement. Funds for the administration of the MCC Program, and the Home Mortgage Finance Program shall be derived by the County from the fees paid by the MCC applicants and from administrative fees paid by the Home Mortgage Finance Program respectively. SECTION 7. Nothing contained herein shall be interpreted to impose a relationship of partners or joint ventures between the City and the County. ... ... ...__._ .....__... ....... ..-_.._..__.._._..__. ._.. _-...._...............�._.._..... .._._._ ...._�.._.._...__�.__... __ IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and attested by their proper officers thereunder duly authorized, and their officials seals to be hereunto affixed, all as of the day first above written. CITY OF SAN PABLO COUNTY OF CONTRA COSTA B4Nfayor By: Ch it of the Boad of Supervisors County of Contra Costa (SEAL) (SEAL) ATTEST: ATTEST: Phil Batchelor,County Administrator and Clerk of the Board of Supervisors BY: By: City Clerk Ikc1/jb/SanPab1o.coa Revised 3-17-94 c COOPERATIVE AGREEMENT BETWEEN THE COUNTY OF CONTRA COSTA AND THE CITY OF PLEASANT HILL THIS COOPERATIVE AGREEMENT (the "Cooperative Agreement") is made and entered into as of May 16 31994 by and between the COUNTY OF CONTRA COSTA ("County"), and the CITY OF PLEASANT HILL (the "City"). WITNESSETH: MORTGAGE CREDIT CERTIFICATE PROGRAM WHEREAS, the Tax Reform Act of 1984 established the Mortgage Credit Certificate Program (hereinafter referred to as the "MCC Program") as a means of assisting qualified individuals with the acquisition of new and existing single family housing; and WHEREAS, the County has heretofore determined to engage in an MCC Program pursuant to Chapters 1399, Statutes of 1985 Section 50197, et seg of the Health and Safety Code of the State of California (the "Act") in order to assist individual home purchasers in the County to afford both new and existing homes within the statutory limits as provided for in said Act; and WHEREAS, in furtherance of the MCC Program, the County authorized its staff to apply to the California Debt Limit Allocation Committee (CDLAC) to convert its carry forward mortgage bond allocation in the amount of$25,500,000 to be traded for authority to issue Mortgage Credit Certificates in the face amount of$ 6,375,000 (based upon 4:1 trade-in value of bond allocation); and WHEREAS, that the application for the MCC Program was approved by CDLAC at its June 19, 1991 meeting; and WHEREAS, the City and the County wish to cooperate with one another pursuant to the Act in the exercise of their powers under the ACT for the purposes of the MCC Program; and WHEREAS, the County has the capacity both to issue bonds and to establish and administer an MCC Program; and WHEREAS, the County intends to administer an MCC Program in the County, and the City desires that the Program be applicable to eligible real property in the City; page 2 of 3 WITNESSETH: MORTGAGE BOND PROGRAM WHEREAS, the County has determined to engage in a home mortgage finance program pursuant to Chapters 1=5 of Part 5 of Division 31 of the Health and Safety Code of the State of California (the "Act") to make or acquire, directly or indirectly, loans to finance the construction or acquisition of homes in the County of Contra Costa, all as provided for in the Act (the "Home Mortgage Finance Program"); WHEREAS, the County of Contra Costa, pursuant to the Act, has adopted a home finance program by Ordinance No. 82-5; WHEREAS, the County has determined to cooperate with the City pursuant to the Act in the exercise of its powers under the Act for purposes of the Home Mortgage Finance Program; and WHEREAS, the City, pursuant to the Act, has adopted a home mortgage finance program and has determined to cooperate with the County pursuant to the Act in the exercise of its powers under the Act for purposes of the Home Mortgage Finance Program; and NOW, THEREFORE, in consideration of the mutual covenants hereinafter provided, the parties hereto agree as follows: SECTION 1. The words and phrases of this Cooperative Agreement shall, for all purposes hereof unless otherwise defined herein, have the meanings assigned to such words and phrases in the Act. SECTION 2. The County shall staff a program for the effective administration of an MCC Program within the geographical boundaries of the County. The County shall cooperate with local real estate and lending institutions in order to maintain their participation in securing applications from eligible applicants for review and approval by County representatives on behalf of the County and the City. SECTION 3. The County agrees to undertake a Home Mortgage Finance Program and to issue revenue bonds therefore pursuant to the Act as soon as possible. SECTION 4. The City hereby agrees to cooperate with the County in the exercise jointly or otherwise of their powers for the purpose of financing home mortgages pursuant to the Act by agreeing that the County shall exercise such powers to make or acquire home mortgages under the Home Mortgage Finance Program, all as more specifically set forth in the Act, with respect to property located within the geographic boundaries of the City. page 3 of 3 SECTION 5. Nothing in this Cooperative Agreement shall prevent the County from entering into one or more similar agreements with other municipal corporations within the County, if deemed necessary and advisable to do so by the County, so long as such other agreements are not inconsistent with this agreement. SECTION 6. The City agrees to undertake such further proceedings or actions as may be necessary to carry out the terms and intent of this Cooperative Agreement as expressed in the recitals; provided, however, that nothing in this Cooperative Agreement shall require the City to appropriate any fiends to the County for services under this Cooperative Agreement. Funds for the administration of the MCC Program, and the Home Mortgage Finance Program shall be derived by the County from the fees paid by the MCC applicants and from administrative fees paid by the Home Mortgage Finance Program respectively. SECTION 7. Nothing contained herein shall be interpreted to impose a relationship of partners or joint ventures between the City and the County. SECTION 8. This Agreement supercedes any and all prior Cooperative Agreements entered into by the City with regard to these programs. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and attested by their proper officers thereunder duly authorized, and their official seals to be hereunto affixed, all as of the day first above written. CITY OF PLEASANT HILL COUNTY OF CONTRA COSTA BY \ j: W B Y/ TERRI L. WILLIAMSON, Mayor ` Chair of the Board of Supervisors, County of Contra Costa (SEAL) (SEAL) ATTEST: ATTEST: Phil Batchelor, County Administrator and Clerk of the Board of Supervisors By: M 0JAJL0 ORIS P. NILSEN, City Clerk APPROVED AS TO FORM: MICHELLE KENYON, Y ATTORNEY i COOPERATIVE AGREEMENT BETWEEN THE COUNTY OF CONTRA COSTA AND THE TOWN OF MORAGA THIS COOPERATIVE AGREEMENT (the "Cooperative Agreement") is made and entered into as of MAY I I , 1994 , by and between the COUNTY OF CONTRA COSTA ("County"), and the TOWN OF MORAGA (the "City"). WITNESSETH: MORTGAGE CREDIT CERTIFICATE PROGRAM WHEREAS, the Tax Reform Act of 1984 established the Mortgage Credit Certificate Program (hereinafter referred to as the "MCC Program") as a means of assisting qualified individuals with the acquisition of new and existing single family housing; and WHEREAS, the County has heretofore determined to engage in an MCC Program pursuant to Chapters 1399, Statutes of 1985 Section 50197, et seg of the Health and Safety Code of the State of California (the "Act") in order to assist individual home purchasers in the County to afford both new and existing homes within the statutory limits as provided for in said Act; and WHEREAS, in furtherance of the MCC Program, the County authorized its staff to apply to the California Debt Limit Allocation Committee(CDLAC)to obtain allocations for operation of the Mortgage Credit Certificate Program in Contra Costa County; and WHEREAS, Contra Costa County has operated a successful Mortgage Credit Certificate Program since 1991, in which over 700 qualified individuals and families have been assisted in the purchase of new and existing housing in the County; and WHEREAS, the City and the County wish to cooperate with one another pursuant to the Act in the exercise of their powers under the Act for the purposes of the MCC Program; and WHEREAS, the County has the capacity both to issue bonds and to establish and administer an MCC Program; and WHEREAS, the County intends to administer an MCC Program in the County, and the City desires that the Program be applicable to eligible real property in the City; WITNESSETH: MORTGAGE BOND PROGRAM WHEREAS, the County has determined to engage in a home mortgage finance program pursuant to Chapters 1-5 of Part 5 of Division 31 of the Health and Safety Code of the State of California (the "Act")to make or acquire, directly or indirectly, loans to finance the construction or acquisition of homes in the County of Contra Costa, all as provided for in the Act (the "Home Mortgage Finance Program"); WHEREAS, the County of Contra Costa, pursuant to the Act, has adopted a home finance program by Ordinance No. 82-5; WHEREAS, the County has determined to cooperate with the City pursuant to the Act in the exercise of its powers under the Act for purposes of the Home Mortgage Finance Program; and WHEREAS, the City, pursuant to the Act, has adopted a home mortgage finance program and has determined to cooperate with the County pursuant to the Act in the exercise of its powers under the Act for purposes of the Home Mortgage Finance Program; NOW, THEREFORE, in consideration of the mutual covenants hereinafter provided, the parties hereto agree as follows: SECTION 1. The words and phrases of this Cooperative Agreement shall, for all purposes hereof unless otherwise defined herein, have the meanings assigned to such words and phrases in the Act. SECTION 2. The County shall staff a program for the effective administration of an MCC Program within the geographical boundaries of the City. The County shall cooperate with local real estate and lending institutions in order to maintain their participation in securing applications from eligible applicants for review and approval by County representatives on behalf of the County and the City. SECTION 3. The County intends to undertake a Home Mortgage Finance Program and to issue revenue bonds pursuant to the Act, as such programs are deemed to be beneficial. SECTION 4. The City hereby agrees to cooperate with the County in the exercise jointly or otherwise of their powers for the purpose of financing home mortgages pursuant to the Act by agreeing that the County shall exercise such powers to make or acquire home mortgages under the Home Mortgage Finance Program, all as more specifically set forth in the Act, with respect to property located within the geographic boundaries of the City. SECTION 5. Nothing in this Cooperative Agreement shall prevent the County from entering into one or more similar agreements with other municipal corporations within the County, if deemed necessary and advisable to do so by the County, so long as such other agreements are not inconsistent with this agreement. SECTION 6. The City agrees to undertake such further proceedings or actions as may be necessary to carry out the terms and intent of this Cooperative Agreement as expressed in the recitals; provided, however, that nothing in this Cooperative Agreement shall require the City to appropriate any funds to the County for services under this Cooperative Agreement. Funds for the administration of the MCC Program, and the Home Mortgage Finance Program shall be derived by the County from the fees paid by the MCC applicants and from administrative fees paid by the Home Mortgage Finance Program respectively. SECTION 7. Nothing contained herein shall be interpreted to impose a relationship of partners or joint ventures between the City and the County. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and attested by their proper officers thereunder duly authorized, and their officials seals to be hereunto affixed, all as of the day first above written. TOWN OF MORAGA COUNTY OF CONTRA COSTA BY: By: Mayor A. G. DESSAYER Chair of the Board of upervisors County of Contra Costa (SEAL) (SEAL) ATTEST: ATTEST: Phil Batchelor,County Administrator and Clerk of the Board of Supervisors BY: � � B 0 Y• City Clerk ROSS G. HUBBARD 1kc 1/jb/Momga.coa Revised 3-17-94 1 COOPERATIVE AGREEMENT BETWEEN THE COUNTY OF CONTRA COSTA AND THE CITY OF ORINDA THIS COOPERATIVE AGREEMENT (the "Cooperative Agreement") is made and entered into as of April 26 . 1994 , by and between the COUNTY OF CONTRA COSTA ("County"), and the CITY OF ORINDA (the "City"). WITNESSETH: MORTGAGE CREDIT CERTIFICATE PROGRAM WHEREAS, the Tax Reform Act of 1984 established the Mortgage Credit Certificate Program (hereinafter referred to as the "MCC Program") as a means of assisting qualified individuals with the acquisition of new and existing single family housing; and WHEREAS, the County has heretofore determined to engage in an MCC Program pursuant to Chapters 1399, Statutes of 1985 Section 50197, et sep of the Health and Safety Code of the State of California(the "Act") in order to assist individual home purchasers in the County to afford both new and existing homes within the statutory limits as provided for in said Act; and WHEREAS, in furtherance of the MCC Program, the County authorized its staff to apply to the California Debt Limit Allocation Committee(CDLAC)to obtain allocations for operation of the Mortgage Credit Certificate Program in Contra Costa County; and WHEREAS, Contra Costa County has operated a successful Mortgage Credit Certificate Program since 1991, in which over 700 qualified individuals and families have been assisted in the purchase of new and existing housing in the County; and WHEREAS, the City and the County wish to cooperate with one another pursuant to the Act in the exercise of their powers under the Act for the purposes of the MCC Program; and WHEREAS, the County has the capacity both to issue bonds and to establish and administer an MCC Program; and WHEREAS, the County intends to administer an MCC Program in the County, and the City desires that the Program be applicable to eligible real property in the City; WITNESSETH: MORTGAGE BOND PROGRAM WHEREAS, the County has determined to engage in a home mortgage finance program pursuant to Chapters 1-5 of Part 5 of Division 31 of the Health and Safety Code of the State of California (the "Act")to make or acquire, directly or indirectly, loans to finance the construction or acquisition of homes in the County of Contra Costa, all as provided for in the Act (the "Home Mortgage Finance Program"); WHEREAS, the County of Contra Costa, pursuant to the Act, has adopted a home finance program by Ordinance No. 82-5; WHEREAS, the County has determined to cooperate with the City pursuant to the Act in the exercise of its powers under the Act for purposes of the Home Mortgage Finance Program; and WHEREAS, the City, pursuant to the Act, has adopted a home mortgage finance program and has determined to cooperate with the County pursuant to the Act in the exercise of its powers under the Act for purposes of the Home Mortgage Finance Program; NOW, THEREFORE, in consideration of the mutual covenants hereinafter provided, the parties hereto agree as follows: SECTION 1. The words and phrases of this Cooperative Agreement shall, for all purposes hereof unless otherwise defined herein, have the meanings assigned to such words and phrases in the Act. SECTION 2. The County shall staff a program for the effective administration of an MCC Program within the geographical boundaries of the City. The County shall cooperate with local real estate and lending institutions in order to maintain their participation in securing applications from eligible applicants for review and approval by County representatives on behalf of the County and the City. SECTION 3. The County intends to undertake a Home Mortgage Finance Program and to issue revenue bonds pursuant to the Act, as such programs are deemed to be beneficial. SECTION 4. The City hereby agrees to cooperate with the County in the exercise jointly or otherwise of their powers for the purpose of financing home mortgages pursuant to the Act by agreeing that the County shall exercise such powers to make or acquire home mortgages under the Home Mortgage Finance Program, all as more specifically set forth in the Act, with respect to property located within the geographic boundaries of the City. SECTION 5. Nothing in this Cooperative Agreement shall prevent the County from entering into one or more similar agreements with other municipal corporations within the County, if deemed necessary and advisable to do so by the County, so long as such other agreements are not inconsistent with this agreement. SECTION 6. The City agrees to undertake such further proceedings or actions as may be necessary to carry out the terms and intent of this Cooperative Agreement as expressed in the recitals; provided, however, that nothing in this Cooperative Agreement shall require the City to appropriate any funds to the County for services under this Cooperative Agreement. .Funds for the administration of the MCC Program, and the Home Mortgage Finance Program shall be derived by the County from the fees paid by the MCC applicants and from administrative fees paid by the Home Mortgage Finance Program respectively. SECTION 7. Nothing contained herein shall be interpreted to impose a relationship of partners or joint ventures between the City and the County. 1 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and attested by their proper officers thereunder duly authorized, and their officials seals to be hereunto affixed, all as of the day first above written. CITY OF ORIND COUNTY OF CONTRA COSTA i BY: By: Mayor Chair of the Board of Supervisors County of Contra Costa (SEAL) (SEAL) ATTEST: ATTEST: Phil Batchelor,County Administrator and Clerk of the Board of Supervisors BY: By: ity Clerk 1 kc 1/jb/Orinda.coa Revised 3-17-94 1 COOPERATIVE AGREEMENT BETWEEN THE COUNTY OF CONTRA COSTA AND THE CITY OF MARTINEZ THIS COOPERATIVE AGREEMENT(the "Cooperative Agreement") is made and entered into as of April 18 . 1994 , by and between the COUNTY OF CONTRA COSTA ("County"), and the CITY OF MARTINEZ (the "City"). WITNESSETH: MORTGAGE CREDIT CERTIFICATE PROGRAM WHEREAS, the Tax Reform Act of 1984 established the Mortgage Credit Certificate Program (hereinafter referred to as the "MCC Program") as a means of assisting qualified individuals with the acquisition of new and existing single family housing; and WHEREAS, the County has heretofore determined to engage in an MCC Program pursuant to Chapters 1399, Statutes of 1985 Section 50197, et sea of the Health and Safety Code of the State of California(the "Act") in order to assist individual home purchasers in the County to afford both new and existing homes within the statutory limits as provided for in said Act; and WHEREAS, in furtherance of the MCC Program, the County authorized its staff to apply to the California Debt Limit Allocation Committee(CDLAC)to obtain allocations for operation of the Mortgage Credit Certificate Program in Contra Costa County; and WHEREAS, Contra Costa County has operated a successful Mortgage Credit Certificate Program since 1991, in which over 700 qualified individuals and families have been assisted in the purchase of new and existing housing in the County; and WHEREAS, the City and the County wish to cooperate with one another pursuant to the Act in the exercise of their powers under the Act for the.purposes of the MCC Program; and WHEREAS, the County has the capacity both to issue bonds and to establish and administer an MCC Program; and WHEREAS, the County intends to administer an MCC Program in the County, and the City desires that the Program be applicable to eligible real property in the City; WITNESSETH: MORTGAGE BOND PROGRAM WHEREAS, the County has determined to engage in a home mortgage finance program pursuant to Chapters 1-5 of Part 5 of Division 31 of the Health and Safety Code of the State of California (the "Act")to make or acquire, directly or indirectly, loans to finance the construction or acquisition of homes in the County of Contra Costa, all as provided for in the Act (the "Home Mortgage Finance Program"); WHEREAS, the County of Contra Costa, pursuant to the Act, has adopted a home finance program by Ordinance No. 82-5; WHEREAS, the County has determined to cooperate with the City pursuant to the Act in the exercise of its powers under the Act for purposes of the Home Mortgage Finance Program; and WHEREAS, the City, pursuant to the Act, has adopted a home mortgage finance program and has determined to cooperate with the County pursuant to the Act in the exercise of its powers under the Act for purposes of the Home Mortgage Finance Program; NOW, THEREFORE, in consideration of the mutual covenants hereinafter provided, the parties hereto agree as follows: SECTION 1. The words and phrases of this Cooperative Agreement shall, for all purposes hereof unless otherwise defined herein, have the meanings assigned to such words and phrases in the Act. SECTION 2. The County shall staff a program for the effective administration of an MCC Program within the geographical boundaries of the City. The County shall cooperate with local real estate and lending institutions in order to maintain their participation in securing applications from eligible applicants for review and approval by County representatives on behalf of the County and the City. SECTION 3. The County intends to undertake a Home Mortgage Finance Program and to issue revenue bonds pursuant to the Act, as such programs are deemed to be beneficial. SECTION 4. The City hereby agrees to cooperate with the County in the exercise jointly or otherwise of their powers for the purpose of financing home mortgages pursuant to the Act by agreeing that the County shall exercise such powers to make or acquire home mortgages under the Home Mortgage Finance Program, all as more specifically set forth in the Act, with respect to property located within the geographic boundaries of the City. SECTION 5. Nothing in this Cooperative Agreement shall prevent the County from entering into one or more similar agreements with other municipal corporations within the County, if deemed necessary and advisable to do so by the County, so long as such other agreements are not inconsistent with this agreement. SECTION 6. The City agrees to undertake such further proceedings or actions as may be necessary to carry out the terms and intent of this Cooperative Agreement as expressed in the recitals; provided, however, that nothing in this Cooperative Agreement shall require the City to appropriate any funds to the County for services under this Cooperative Agreement. Funds for the administration of the MCC Program, and the Home Mortgage Finance Program shall be derived by the County from the fees paid by the MCC applicants and from administrative fees paid by the Home Mortgage Finance Program respectively. SECTION 7. Nothing contained herein shall be interpreted to impose a relationship of partners or joint ventures between the City and the County. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and attested by their proper officers thereunder duly authorized, and their officials seals to be hereunto affixed, all as of the day first above written. CITY OF/MA/RTINEZ COUNTY OF CONTRA COSTA / k / A BY:irk 'Z y By. Mayor Chair of the Board of Supervisors County of Contra Costa (SEAL) (SEAL) ATTEST: ATTEST: Phil Batchelor,County Administrator f_..... and Clerk of the Board of Supervisors BY: By: 4, 01 1 AA.1 L 6�City CIerk 1kc I/jb/Martinez.cos Revised 3-17-94 .. w FOUID ED COOPERATIVE AGREEMENT BETWEEN THE COUNTY OF CONTRA COSTA ANDon THE CITY OF HERCULESCONTRA COSUPERVWRS THIS COOPERATIVE AGREEMENT (the "Cooperative Agreement") is made and entered into as of . 1994 , by and between the COUNTY OF CONTRA COSTA ("County"), and the CITY OF HERCULES (the "City"). WITNESSETH: MORTGAGE CREDIT CERTIFICATE PROGRAM WHEREAS, the Tax Reform Act of 1984 established the Mortgage Credit Certificate Program (hereinafter referred to as the "MCC Program") as a means of assisting qualified individuals with the acquisition of new and existing single family housing; and WHEREAS, the County has heretofore determined to engage in an MCC Program pursuant to Chapters 1399, Statutes of 1985 Section 50197, et seg of the Health and Safety Code of the State of California(the "Act") in order to assist individual home purchasers in the County to afford both new and existing homes within the statutory limits as provided for in said Act; and WHEREAS, in furtherance of the MCC Program, the County authorized its staff to apply to the California Debt Limit Allocation Committee(CDLAC)to obtain allocations for operation of the Mortgage Credit Certificate Program in Contra Costa County; and WHEREAS, Contra Costa County has operated a successful Mortgage Credit Certificate Program since 1991, in which over 700 qualified individuals and families have been assisted in the purchase of new and existing housing in the County; and WHEREAS, the City and the County wish to cooperate with one another pursuant to the Act in the exercise of their powers under the Act for the purposes of the MCC Program; and WHEREAS, the County has the capacity both to issue bonds and to establish and administer an MCC Program; and WHEREAS, the County intends to administer an MCC Program in the County, and the City desires that the Program be applicable to eligible real property in the City; WITNESSETH: MORTGAGE BOND PROGRAM WHEREAS, the County has determined to engage in a home mortgage finance program pursuant to Chapters 1-5 of Part 5 of Division 31 of the Health and Safety Code of the State of California (the "Act")to make or acquire, directly or indirectly, loans to finance the construction or acquisition of homes in the County of Contra Costa, all as provided for in the Act (the "Home Mortgage Finance Program"); WHEREAS, the County of Contra Costa, pursuant to the Act, has adopted a home finance program by Ordinance No. 82-5; WHEREAS, the County has determined to cooperate with the City pursuant to the Act in the exercise of its powers under the Act for purposes of the Home Mortgage Finance Program; and WHEREAS, the City, pursuant to the Act, has adopted a home mortgage finance program and has determined to cooperate with the County pursuant to the Act in the exercise of its powers under the Act for purposes of the Home Mortgage Finance Program; NOW, THEREFORE, in consideration of the mutual covenants hereinafter provided, the parties hereto agree as follows: SECTION 1. The words and phrases of this Cooperative Agreement shall, for all purposes hereof unless otherwise defined herein, have the meanings assigned to such words and phrases in the Act. SECTION ?. The County shall staff a program for the effective administration of an MCC Program within the geographical boundaries of the City. The County shall cooperate with local real estate and lending institutions in order to maintain their participation in securing applications from eligible applicants for review and approval by County representatives on behalf of the County and the City. SECTION 3. The County intends to undertake a Home Mortgage Finance Program and to issue revenue bonds pursuant to the Act, as such programs are deemed to be beneficial. SECTION 4. The City hereby agrees to cooperate with the County in the exercise jointly or otherwise of their powers for the purpose of financing home mortgages pursuant to the Act by agreeing that the County shall exercise such powers to make or acquire home mortgages under the Home Mortgage Finance Program, all as more specifically set forth in the Act, with respect to property located within the geographic boundaries of the City. SECTION 5. Nothing in this Cooperative Agreement shall prevent the County from entering into one or more similar agreements with other municipal corporations within the County, if deemed necessary and advisable to do so by the County, so long as such other agreements are not inconsistent with this agreement. SECTION 6. The City agrees to undertake such further proceedings or actions as may be necessary to carry out the terms and intent of this Cooperative Agreement as expressed in the recitals; provided, however, that nothing in this Cooperative Agreement shall require the City to appropriate any funds to the County for services under this Cooperative Agreement. Funds for the administration of the MCC Program, and the Home Mortgage Finance Program shall be derived by the County from the fees paid by the MCC applicants and from administrative fees paid by the Home Mortgage Finance Program respectively. SECTION 7. Nothing contained herein shall be interpreted to impose a relationship of partners or joint ventures between the City and the County. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and attested by their proper officers thereunder duly authorized, and their officials seals to be hereunto affixed, all as of the day first above written. CITY OF HERCULES COUNTY OF CONTRA COSTA 1-4 BY: n• '�'11 By: Mayor 6hair of the Board of Supervisors County of Contra Costa (SEAL) (SEAL) ATTEST: ATTEST: Phil Batchelor,County Administrator ----,. and Clerk of the Board of Supervisors ERC � �o I?B y F — By: CLAA City Cler E L n � ON ,r4 sTA COU%0- 1kc 1/jb/Hercules.coa Revised 3-17-94 COOPERATIVE AGREEMENT BETWEEN THE COUNTY OF CONTRA COSTA AND THE TOWN OF DANVILLE THIS COOPERATIVE AGREEMENT (the "Cooperative Agreement") is made and entered into as of , 1994 , by and between the COUNTY OF CONTRA COSTA ("County"), and the TOWN OF DANVILLE (the "City"). WITNESSETH: MORTGAGE CREDIT CERTIFICATE PROGRAM WHEREAS, the Tax Reform Act of 1984 established the Mortgage Credit Certificate Program (hereinafter referred to as the "MCC Program") as a means of assisting qualified individuals with the acquisition of new and existing single family housing; and WHEREAS, the County has heretofore determined to engage in an MCC Program pursuant to Chapters 1399, Statutes of 1985 Section 50197, et sea of the Health and Safety Code of the State of California(the "Act") in order to assist individual home purchasers in the County to afford both new and existing homes within the statutory limits as provided for in said Act; and WHEREAS, in furtherance of the MCC Program, the County authorized its staff to apply to the California Debt Limit Allocation Committee(CDLAC)to obtain allocations for operation of the Mortgage Credit Certificate Program in Contra Costa County; and WHEREAS, Contra Costa County has operated a successful Mortgage Credit Certificate Program since 1991, in which over 700 qualified individuals and families have been assisted in the purchase of new and existing housing in the County; and WHEREAS, the City and the County wish to cooperate with one another pursuant to the Act in the exercise of their powers under the Act for the purposes of the MCC Program; and WHEREAS, the County has the capacity both to issue bonds and to establish and administer an MCC Program; and WHEREAS, the County intends to administer an MCC Program in the County, and the City desires that the Program be applicable to eligible real property in the City; WITNESSETH: MORTGAGE BOND PROGRAM WHEREAS, the County has determined to engage in a home mortgage finance program pursuant to Chapters 1-5 of Part 5 of Division 31 of the Health and Safety Code of the State of California (the "Act")to make or acquire, directly or indirectly, loans to finance the construction or acquisition of homes in the County of Contra Costa, all as provided for in the Act (the "Home Mortgage Finance Program"); WHEREAS, the County of Contra Costa, pursuant to the Act, has adopted a home finance program by Ordinance No. 82-5; WHEREAS, the County has determined to cooperate with the City pursuant to the Act in the exercise of its powers under the Act for purposes of the Home Mortgage Finance Program; and WHEREAS, the City, pursuant to the Act, has adopted a home mortgage finance program and has determined to cooperate with the County pursuant to the Act in the exercise of its powers under the Act for purposes of the Home Mortgage Finance Program; NOW, THEREFORE, in consideration of the mutual covenants hereinafter provided, the parties hereto agree as follows: SECTION 1. The words and phrases of this Cooperative Agreement shall, for all purposes hereof unless otherwise defined herein, have the meanings assigned to such words and phrases in the Act. SECTION 2. The County shall staff a program for the effective administration of an MCC Program within the geographical boundaries of the City. The County shall cooperate with local real estate and lending institutions in order to maintain their participation in securing applications from eligible applicants for review and approval by County representatives on behalf of the County and the City. SECTION 3. The County intends to undertake a Home.Mortgage Finance Program and to issue revenue bonds pursuant to the Act, as such programs are deemed to be beneficial. SECTION 4. The City hereby agrees to cooperate with the County in the exercise jointly or otherwise of their powers for the purpose of financing home mortgages pursuant to the Act by agreeing that the County shall exercise such powers to make or acquire home mortgages under the Home Mortgage Finance Program, all as more specifically set forth in the Act, with respect to property located within the geographic boundaries of the City. SECTION 5. Nothing in this Cooperative Agreement shall prevent the County from entering into one or more similar agreements with other municipal corporations within the County, if deemed necessary and advisable to do so by the County, so long as such other agreements are not inconsistent with this agreement. SECTION 6. The City agrees to undertake such further proceedings or actions as may be necessary to carry out the terms and intent of this Cooperative Agreement as expressed in the recitals; provided, however, that nothing in this Cooperative Agreement shall require the City to appropriate any funds to the County for services under this Cooperative Agreement. Funds for the administration of the MCC Program, and the Home Mortgage Finance Program shall be derived by the County from the fees paid by the MCC applicants and from administrative fees paid by the Home Mortgage Finance Program respectively. SECTION 7. Nothing contained herein shall be interpreted to impose a relationship of partners or joint ventures between the City and the County. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and attested by their proper officers thereunder duly authorized, and their officials seals to be hereunto affixed, all as of the day first above written. TOWN OF DANVILLE COUNTY OF CONTRA COSTA BY: By: Mayo Chair of the Board o Supervisors County of Contra Costa (SEAL) (SEAL) ATTEST: ATTEST: Phil Batchelor,County Administrator and Clerk of the Board of Supervisors BY: �� cf�t-C-Cera By: 0 � City Clerk 1 kc 1/jb/Danvi11e.coa Revised 3-17-94 s = r COOPERATIVE AGREEMENT BETWEEN THE COUNTY OF CONTRA COSTA AND THE CITY OF CONCORD THIS COOPERATIVE AGREEMENT (the "Cooperative Agreement") is made and entered into as of April 26 , 1994, by and between the COUNTY OF CONTRA COSTA ("County"),and the CITY OF CONCORD (the "City"). WITNESSETH: MORTGAGE CREDIT CERTIFICATE PROGRAM WHEREAS, the Tax Reform Act of 1984 established the Mortgage Credit Certificate Program (hereinafter referred to as the "MCC Program") as a means of assisting qualified individuals with the acquisition of new and existing-single family housing; and WHEREAS, the County has heretofore determined to engage in an MCC Program pursuant to Chapters 1399, Statues of 1985 Section 50197, et sea of the Health and Safety Code of the State of California (the "Act")in order to assist individual home purchasers in the County to afford both new and existing homes within the statutory limits as provided for in said Act; and WHEREAS, in furtherance of the MCC Program, the County authorized its staff to apply to the California Debt Limit Allocation Committee (CDLAC) to obtain allocations for operation of the Mortgage Credit Certificate program in Contra Costa County; and WHEREAS, Contra Costa County has operated a successful Mortgage Credit Certificate Program since 1991, in which over 700 qualified individuals and families have been assisted in the purchase of new and existing housing in the County; and WHEREAS, the City and the County wish to cooperate with one another pursuant to the Act in the exercise of their powers under the Act for the purposes of the MCC Program; and WHEREAS, the County has the capacity both to issue bonds and to establish and administer an MCC Program; and WHEREAS, the County intends to administer an MCC Program in the County, and the City desires that the Program be applicable to eligible real property in the City; WITNESSETH: MORTGAGE BOND PROGRAM WHEREAS, the County has determined to engage in a home mortgage finance program pursuant to Chapters 1-5 of Part 5 of Division 31 of the Health and Safety Code of the State of California (the "Act") to make or acquire, directly or indirectly, loans to finance the construction or acquisition of homes in the County of Contra Costa, all as provided for in the Act (the "Home Mortgage Finance Program"); 2765 WHEREAS, the County of Contra Costa, pursuant to the Act, has adopted a Home Mortgage Finance Program by Ordinance No. 82-5; WHEREAS, the County has determined to cooperate with the City pursuant to the Act in the exercise of its powers under the Act for purposes of the Home Mortgage Finance Program; and WHEREAS, the City, pursuant to the. Act, has adopted a Home Mortgage Finance Program and has determined to cooperate with the County pursuant to the Act in the exercise of its powers under the Act for purposes of the-Home Mortgage Finance Program; NOW, THEREFORE, in consideration of the mutual covenants hereinafter provided, the parties hereto agree as follows: SECTION 1. The words and phrases of this Cooperative Agreement shall, for all purposes hereof unless otherwise defined herein, have the meanings assigned to such words and phrases in the Act. SECTION 2. The County shall staff a program for the effective administration of an MCC Program within the geographical boundaries of the City. The County shall cooperate with local real estate and lending institutions in order to maintain their participation in securing applications from eligible applicants for review and approval by County representatives on behalf of the County and the City. SECTION 3. The County intends to undertake a Home Mortgage Finance Program and to issue revenue bonds pursuant to the Act, as such a program is deemed to be beneficial. SECTION 4. The City hereby agrees to cooperate with the County in the exercise jointly or otherwise of their powers for the purpose of financing home mortgages pursuant to the Act by agreeing that the County shall exercise such powers to make or acquire home mortgages under the Home Mortgage Finance Program, all as more specifically set forth in the Act, with respect to property located within the geographic boundaries of the City. SECTION 5. Nothing in this Cooperative Agreement shall prevent the County from entering into one or more similar agreements with other municipal corporations within the County, if deemed necessary and advisable to do so by the County, so long as such other agreements are not inconsistent with this agreement. SECTION 6. The City agrees to undertake such further proceedings or actions as may be necessary to carry out the terms and intent of this Cooperative Agreement as expressed in the recitals; provided, however, that nothing in the Cooperative Agreement shall require the City to appropriate any fiends to the County for services under this Cooperative Agreement. Funds for the administration of the MCC Program, and the Home Mortgage Finance Program shall be derived by the County from the fees paid by the MCC applicants and from administrative fees paid by the Home Mortgage Finance Program respectively. SECTION 7. The City may terminate the Cooperative Agreement upon a 60 day written notice to the County. SECTION 8. Nothing contained herein shall be interpreted to impose a relationship of partners or joint ventures between the City and the County. IN WITNESS WHEREOF, the parties hereto have caused this agreement to be executed and attested by their proper offices thereunder duly authorized, and their officials seals to be hereunto affixed, all as of the day first above written. CITY OF CONCORD COUNTY OF CONTRA COSTA By: By: Michael Pastrick, Mayor Char of the Board of upervisors County of Contra Costa (SEAL) (SEAL) ATTEST: ATTEST: Phil Batchelor, County Administrator and Clerk of the Board of Supervisors By: By: APPROVED AS TO FORM: Assistant City A y \coopagr2.vm COOPERATIVE AGREEMENT BETWEEN THE COUNTY OF CONTRA COSTA AND THE CITY OF BRENTWOOD THIS COOPERATIVE AGREEMENT (the "Cooperative Agreement") is made and entered into as of /0 1994 , by and between the COUNTY OF CONTRA COSTA ("County"), and the ITY OF BRENTWOOD (the "City"). WITNESSETH: MORTGAGE CREDIT CERTIFICATE PROGRAM WHEREAS, the Tax Reform Act of 1984 established the Mortgage Credit Certificate Program. (hereinafter referred to as the "MCC Program") as a means of assisting qualified individuals with the acquisition of new and existing single family housing; and WHEREAS, the County has heretofore determined to engage in an MCC Program pursuant to Chapters 1399, Statutes of 1985 Section 50197, et sea of the Health and Safety Code of the State of California(the "Act") in order to assist individual home purchasers in the County to afford both new and existing homes within the statutory limits as provided for in said Act; and WHEREAS, in furtherance of the MCC Program, the County authorized its staff to apply to the California Debt Limit Allocation Committee(CDLAC)to obtain allocations for operation of the Mortgage Credit Certificate Program in Contra Costa County; and WHEREAS, Contra Costa County has operated a successful Mortgage Credit Certificate Program since 1991, in which over 700 qualified individuals and families have been assisted in the purchase of new and.existing housing in the County; and WHEREAS, the City and the County wish to cooperate with one another pursuant to the Act in the exercise of their powers under the Act for the purposes of the MCC Program; and WHEREAS, the County has the capacity both to issue bonds and to establish--and administer an MCC Program; and WHEREAS, the County intends to administer an MCC Program in the County, and the City desires that the Program be applicable to eligible real property in the City; WITNESSETH: MORTGAGE BOND PROGRAM WHEREAS, the County has determined to engage in a home mortgage finance program pursuant to Chapters 1-5 of Part 5 of Division 31 of the Health and Safety Code of the State of California (the "Act")to make or acquire, directly or indirectly, loans to finance the construction or acquisition of homes in the County of Contra Costa, all as provided for in the Act (the "Home Mortgage Finance Program"); WHEREAS, the County of Contra Costa, pursuant to the Act, has adopted a home finance program by Ordinance No. 82-5; WHEREAS, the County has determined to cooperate with the City pursuant to the Act in the exercise of its powers under the Act for purposes of the Home Mortgage Finance Program; and WHEREAS, the. City, pursuant to the Act, has adopted a home mortgage finance program and has determined to cooperate with the County pursuant to the Act in the exercise of its powers under the Act for purposes of the Home Mortgage Finance Program; NOW, THEREFORE, in consideration of the mutual covenants hereinafter provided, the parties hereto agree as follows: SECTION 1. The words and phrases of this Cooperative Agreement shall, for all purposes hereof unless otherwise defined herein, have the meanings assigned to such words and phrases in the Act. SECTION 2. The County shall staff a program for the effective administration of an MCC Program within the geographical boundaries of the City. The County shall cooperate with local real estate and lending institutions in order to maintain their participation in securing applications from eligible applicants for review and approval by County representatives on behalf of the County and the City. SECTION 3. The County intends to undertake a Home Mortgage Finance Program and to issue revenue bonds pursuant to the Act, as such programs are deemed to be beneficial. SECTION 4. The City hereby agrees to cooperate with the County in the exercise jointly or otherwise of their powers for the purpose of financing home mortgages pursuant to the Act by agreeing that the County shall exercise such powers to make or acquire home mortgages under the Home Mortgage Finance Program, all as more specifically set forth in the Act, with respect to property located within the geographic boundaries of the City. SECTION 5. Nothing in this Cooperative Agreement shall prevent the County from entering into one or more similar agreements with other municipal corporations within the County, if deemed necessary and advisable to do so by the County, so long as such other agreements are not inconsistent with this agreement. SECTION 6. The City agrees to undertake such further proceedings or actions as may be necessary to carry out the terms and intent of this Cooperative Agreement as expressed in the recitals; provided, however, that nothing in this Cooperative Agreement shall require the City to appropriate any funds to the County for services under this Cooperative Agreement. Funds for the administration of the MCC Program, and the Home Mortgage Finance Program shall be derived by the County from the fees paid by the MCC applicants and from administrative fees paid by the Home Mortgage Finance Program respectively. SECTION 7. Nothing contained herein shall be interpreted to impose a relationship of partners or joint ventures between the City and the County. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and attested by their proper officers thereunder duly authorized, and their officials seals to be hereunto affixed, all as of the day first above written. CITY OF BRENTWOOD f COUNTY OF CONTRA COSTA BY: By: Mayor Chair the Board of S pervisors County of Contra Costa (SEAL) (SEAL) ATTEST: ATTEST: Phil Batchelor,County Administrator and Clerk of the Board of Supervisors BY: - By; City Clerk km1/jb1Bmtwd.coa Revised 3-17-94 CITY OF BRENTWOOD STATE OF CALIFORNIA RESOLUTION AUTHORIZING EXECUTION OF A •COOPERATIVE AGREEMENT ADOPTING A HOME MORTGAGE FINANCE PROGRAM IN COOPERATION WITH THE COUNTY OF CONTRA COSTA, AND REGARDING THE USE OF MORTGAGE CREDIT CERTIFICATES IN THE CITY OF BRENTWOOD AND THE ADMINISTRATION OF THE PROGRAM BY THE COUNTY OF CONTRA COSTA STAFF I. HOME MORTGAGE FINANCE PROGRAM WHEREAS, there is a shortage in the County of Contra Costa (the "County") and in the City of Brentwood (the "City") of decent, safe, and sanitary housing, particularly of housing affordable by persons in the lower end of the purchasing spectrum, and a consequent need to encourage the construction of homes affordable by such persons and otherwise to increase the housing supply in the County and in the City for such persons; and WHEREAS,the Board of Supervisors of the County has adopted an ordinance declaring its intent to engage in a home mortgage finance program pursuant to Chapters 1-5 of Part 5 of Division 31 of the Health and Safety Code of the State of California (the "Act"); and WHEREAS, the County intends to issue bonds pursuant to the Act to provide funds for the County's home mortgage finance program - Mortgage Credit Certificate (MCC) ("Program"), if the County determines that such programs are deemed to be beneficial; and WHEREAS, the Council finds and determines that it is in the best interest of the City to adopt 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; II. MORTGAGE CREDIT CERTIFICATE PROGRAM WHEREAS,there is a continued need for affordable homeownership opportunities within the City and the County particularly for households at the lower end of the purchasing spectrum; and WHEREAS, the Tax Reform Act of 1984 established the Mortgage Credit Certificate Program (hereinafter referred to as the "MCC Program") as a means of assisting qualified individuals with the acquisition of new and existing single family housing; and WHEREAS, Division 31, Part 1, Chapter 35, Article 4 of the California Health and Safety Code Sections 50197 et seq (the "Act") authorizes Counties, Cities, and Redevelopment Agencies to create and participate in MCC Programs; and WHEREAS, the County has heretofore determined to engage in an MCC Program pursuant to the Act in order to assist individual home purchasers in the County to afford both new and existing homes within the statutory limits as provided for in said Act; and WHEREAS, the County intends to request additional MCC Program allocations from the California Debt Limit Allocation Committee (CDLAC) to continue operation of its existing MCC Program; and WHEREAS, the City requests that the MCC allocation be available to eligible first time homebuyers within the corporate limits of the City; and WHEREAS, the County and City wish to cooperate with one another pursuant to the "Act" in the exercise of their powers under the "Act" for the purposes of the MCC Program; and WHEREAS, the County has successfully administered an MCC Program since 1991, in which over 700 individuals and families have been assisted in the purchase of new and existing homes in the County. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF Section 1: The City hereby adopts the Home Mortgage Finance Program and the Mortgage Credit Certificate Program for the purpose of increasing the housing supply of affordable housing in the County and in the City, and consents to the operation of said Programs by the County with respect to all property located within the geographical boundaries of the City. Section 2: The Cooperative Agreement, dated as of 297 O /4 /� between the County and the City ("Agreement"), in the form presented to thiltmeeting, is hereby approved and the Mayor is hereby authorized and directed to execute and deliver the Agreement, for and in the name and on behalf of the City. The Mayor, with the advice and consent of the City Attorney, is further authorized to enter into such additional agreements with the County, execute such other documents, or take such other actions as they may deem necessary or appropriate to carry out the purposes and intent of the Agreement or to cooperate in the implementation of.the Program. Section 3: This resolution shall take effect from and after its adoption. NOW, THEREFORE, IT IS HEREBY DETERMINED AND ORDERED that the Mayor of the City be hereby authorized and directed to execute said agreement for and on behalf of the City of Brentwood. ************************ I HEREBY CERTIFY that the foregoing resolution was passed and adopted by the City Council of the City of Brentwood, at its regular meeting held on the le& day of 1994, by the following vote: AYES: Councilmembers Guise, Doheney, Gottfred, Sherman an May Hill NOES: None ABSENT: None Ikc1/jb/Brntwd.agr Revised 3-18-94 COOPERATIVE AGREEMENT BETWEEN THE COUNTY OF CONTRA COSTA AND THE CITY OF ANTIOCH THIS COOPERATIVE AGREEMENT (the "Cooperative Agreement") is made and entered into as of May 2 , 1994 , by and between the COUNTY OF CONTRA COSTA ("County"), and the CITY OF ANTIOCH (the "City"). WITNESSETH: MORTGAGE CREDIT CERTIFICATE PROGRAM WHEREAS, the Tax Reform Act of 1984 established the Mortgage Credit Certificate Program (hereinafter referred to as the "MCC Program") as a means of assisting qualified individuals with the acquisition of new and existing single family housing; and WHEREAS, the County has heretofore determined to engage in an MCC Program pursuant to Chapters 1399, Statutes of 1985 Section 50197, et seg of the Health and Safety Code of the State of California(the "Act") in order to assist individual home purchasers in the County to afford both new and existing homes within the statutory limits as provided for in said Act; and WHEREAS, in furtherance of the MCC Program, the County authorized its staff to apply to the California Debt Limit Allocation Committee(CDLAC)to obtain allocations for operation of the Mortgage Credit Certificate Program in Contra Costa County; and WHEREAS, Contra Costa County has operated a successful Mortgage Credit Certificate Program since 1991, in which over 700 qualified individuals and families have been assisted in the purchase of new and existing housing in the County; and WHEREAS, the City and the County wish to cooperate with one another pursuant to the Act in the exercise of their powers under the Act for the purposes of the MCC Program; and WHEREAS, the County has the capacity both to issue bonds and to establish and administer an MCC Program; and WHEREAS, the County intends to administer an MCC Program in the County, and the City desires that the Program be applicable to eligible real property in the City; WITNESSETH: MORTGAGE BOND PROGRAM WHEREAS,the County has determined to engage in a home mortgage finance program pursuant to Chapters 1-5 of Part 5 of Division 31 of the Health and Safety Code of the State of California (the "Act")to make or acquire, directly or indirectly, loans to finance the construction or acquisition of homes in the County of Contra Costa, all as provided for in the Act (the "Home Mortgage Finance Program"); WHEREAS, the County of Contra Costa, pursuant to the Act, has adopted a home finance program by Ordinance No. 82-5; WHEREAS, the County has determined to cooperate with the City pursuant to the Act in the exercise of its powers under the Act for purposes of the Home Mortgage Finance Program; and WHEREAS, the City, pursuant to the Act, has adopted a home mortgage finance program and has determined to cooperate with the County pursuant to the Act in the exercise of its powers under the Act for purposes of the Home Mortgage Finance Program; NOW, THEREFORE, in consideration of the mutual covenants hereinafter provided, the parties hereto agree as follows: SECTION 1. The words and phrases of this Cooperative Agreement shall, for all purposes hereof unless otherwise defined herein, have the meanings assigned to such words and phrases in the Act. SECTION 2. The County shall staff a program for the effective administration of an MCC Program within the geographical boundaries of the City. The County shall cooperate with local real estate and lending institutions in order to maintain their participation in securing applications from eligible applicants for review and approval by County representatives on behalf of the County and the City. SECTION 3. The County intends to undertake a Home Mortgage Finance Program and to issue revenue bonds pursuant to the Act, as such programs are deemed to be beneficial. SECTION 4. The City hereby agrees to cooperate with the County in the exercise jointly or otherwise of their powers for the purpose of financing.home mortgages pursuant to the Act by agreeing that the County shall exercise such.powers to make or acquire home mortgages under the Home Mortgage -Finance lProgram, all as.more specifically set forth.in the Act, with•respect to property located within the boundaries f i bou da es o the City.geographic Y ...,,,..;Y... ay trmfnat theopertly Agreement upon a 61J-dad ..................................... SECTION 5. Nothing in this Cooperative Agreement shall prevent the County from entering into one or more similar agreements with other municipal corporations within the County, if deemed necessary and advisable to do so by the County, so long as such other agreements are not inconsistent with this agreement. SECTION 6. The City agrees to undertake such further proceedings or actions as may be necessary to carry out the terms and intent of this Cooperative Agreement as expressed in the recitals; provided, however, that nothing in this Cooperative,Agreement shall require the City to appropriate any funds to the County for services under this Cooperative Agreement. Funds for the administration of the MCC Program, and the Home Mortgage Finance Program shall be derived by the County from the fees paid by the MCC applicants and from administrative fees paid by the Home Mortgage Finance Program respectively. SECTION 7. Nothing contained herein shall be interpreted to impose a relationship of partners or joint ventures between the City and the County. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and attested by their proper officers thereunder duly authorized, and their officials seals to be hereunto affixed, all as of the day first above written. CITY OF ANTIOCH COUNTY OF CONTRA COSTA BY: fir° -- By: za("� MJy4 Chair of the Board of SL6ervisors County of Contra Costa (SEAL) (SEAL) ATTEST: ATTEST: Phil Batchelor,County Administrator and Clerk of the Board of Supervisors CLBY: By: a City Clerk krc 1/jb/Antioch.coa Revised 3-17-94 COOPERATIVE AGREEMENT BETWEEN THE COUNTY OF CONTRA COSTA AND THE CITY OF RICHMOND THIS COOPERATIVE AGREEMENT (the "Cooperative Agreement") is made and entered into as of December 19 .. 1994 , by and between the COUNTY OF CONTRA COSTA ("County"), and the CITY OF RICHMOND (the "City"). WITNESSETH: MORTGAGE CREDIT CERTIFICATE PROGRAM WHEREAS, the Tax Reform Act of 1984 established the Mortgage Credit Certificate Program (hereinafter referred to as the "MCC Program") as a means of assisting qualified individuals with the acquisition of new and existing single family housing; and WHEREAS, the County has heretofore determined to engage in an MCC Program pursuant to Chapters 1399, Statutes of 1985 Section 50197, et seg of the Health and Safety Code of the State of California(the "Act") in order to assist individual home purchasers in the County to afford both new and existing homes within the statutory limits as provided for in said Act; and WHEREAS, in furtherance of the MCC Program, the County authorized its staff to apply to the California Debt Limit Allocation Committee(CDLAC)to obtain allocations for operation of the Mortgage Credit Certificate Program in Contra Costa County;and WHEREAS, Contra Costa County has operated a successful Mortgage Credit Certificate Program since 1991, in which over 700 qualified individuals and families have been assisted in the purchase of new and existing housing in the County; and WHEREAS, the City and the County wish to cooperate with one another pursuant to the Act in the exercise of their powers under the Act for the purposes of the MCC Program; and WHEREAS, the County has the capacity both to issue bonds and to establish and administer an MCC Program; and WHEREAS, the County intends to administer an MCC Program in the County, and the City desires that the Program be applicable to eligible real property in the City; WITNESSETH: MORTGAGE BOND PROGRAM WHEREAS, the County has determined to engage in a home mortgage finance program pursuant to Chapters 1-5 of Part 5 of Division 31 of the Health and Safety Code of the State of California (the "Act")to make or acquire, directly or indirectly, loans to finance the construction or acquisition of homes in the County of Contra Costa, all as provided for in the Act (the "Home Mortgage Finance Program"); WHEREAS, the County of Contra Costa, pursuant to the Act, has adopted a home finance program by Ordinance No. 82-5; WHEREAS, the County has determined to cooperate with the City pursuant to the Act in the exercise of its powers under the Act for purposes of the Home Mortgage Finance Program; and WHEREAS, the City, pursuant to the Act, has adopted a home mortgage finance program and has determined to cooperate with the County pursuant to the Act in the exercise of its powers under the Act for purposes of the Home Mortgage Finance Program; NOW, THEREFORE, in consideration of the mutual covenants hereinafter provided, the parties hereto agree as follows: SECTION 1. The words and phrases of this Cooperative Agreement shall, for all purposes hereof unless otherwise defined herein,have the meanings assigned to such words and phrases in the Act. SECTION 2. The County shall staff a program for the effective administration of an MCC Program within the geographical boundaries of the City. The County shall cooperate with local real estate and lending institutions in order to maintain their participation in securing applications from eligible applicants for review and approval by County representatives on behalf of the County and the City. SECTION 3. The County intends to undertake a Home Mortgage Finance Program and to issue revenue bonds pursuant to the Act, as such programs are deemed to be beneficial. SECTION 4. The City hereby agrees to cooperate with the County in the exercise jointly or otherwise of their powers for the purpose of financing home mortgages pursuant to the Act by agreeing that the County shall exercise such powers to make or acquire home mortgages under the Home Mortgage Finance Program, all as more specifically set forth in the Act, with respect to property located within the geographic boundaries of the City. SECTION 5. Nothing in this Cooperative Agreement shall prevent the County from entering into one or more similar agreements with other municipal corporations within the County, if deemed necessary and advisable to do so by the County, so long as such other agreements are not inconsistent with this agreement. SECTION 6. The City agrees to undertake such further proceedings or actions as may be necessary to carry out the terms and intent of this Cooperative Agreement as expressed in the recitals; provided, however, that nothing in this Cooperative Agreement shall require the City to appropriate any funds to the County for services under this Cooperative Agreement. Funds for the administration of the MCC Program, and the Home Mortgage Finance Program shall be derived by the County from the fees paid by the MCC applicants and from administrative fees paid by the Home Mortgage Finance Program respectively. SECTION 7. Nothing contained herein shall be interpreted to impose a relationship of partners or joint ventures between the City and the County. .J IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and attested by their proper officers thereunder duly authorized, and their officials seals to be hereunto affixed, all as of the day first above written. CITY OF RICHMOND COUNTY OF CONTRA COSTA BY: By Mayor ChAr of the Board of Supervisors County of Contra Costa (SEAL) (SEAL) ATTEST: ATTEST: Phil Batchelor,County Administrator and Clerk of the Board of Supervisors BY• B AVM A" - y. City.Clerk 1 kc 1/j b/Richmond.coa Revised 3-17-94