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RESOLUTION NO. 123-87
A RESOLUTION APPROVING AND AUTHORIZING EXECUTION OF A
MEMORANDUM OF UNDERSTANDING CONCERNING THE JOINT
EXERCISE OF POWERS AGREEMENT BETWEEN THE TOWN OF LOS
ALTOS HILLS AND THE COUNTY OF SANTA CLARA RELATING TO THE
COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM
RESOLVED, by the City Council of the Town of Los Altos Hills, County of
Santa Clara, State of California, that
WHEREAS, the. City Council of the Town of Los Altos Hills (herein called
the "TOWN") has approved entering into of a joint Exercize of Powers
Agreement with the County of Santa Clara wherein TOWN agrees to
participate in the Community Development Block Grant (CBDG) Program
operated by the County of Santa Clara in order to develop a housing
rehabilitation low interest loan program for the TOWN; and
WHEREAS, the City Council has read and considered that certain
Memorandum Of Understanding concerning the Joint Exercize of Powers
Agreement between the TOWN and the County of Santa Clara setting forth the
formula for allocation and distribution of a share of CBDG Program funds to
TOWN, . requiring, the expenditure .thereof for low interest housing
rehabilitation loans to TOWN residents, and specifying the support services to
be provided by the County of Santa Clara, and payment therefor,
NOW, THEREFORE, IT IS FOUND, ORDERED AND DETERMINED as follows:
1. Public interest and convenience require the entering into of the
above-described Memorandum of Understanding, and the TOWN hereby
approves this Memorandum of Understanding.
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2. The TOWN shall enter into, and the Mayor and City Clerk of the
TOWN be, and they and each of them hereby is authorized and directed on
behalf of the TOWN, respectively, to execute and attest the Memorandum of
Understanding between the TOWN and the County of Santa Clara.
REGULARLY passed and adopted this 18th day of November, 1987.
BY
MAYOR
ATTEST:
CITY CLERK
111987 -2=