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HomeMy WebLinkAboutResolution-1981-0753 PESOLGTI01'T NO. 753 Series of 1981 TITLE: RESOLUTION URGING 'ERE BOAED OP COUNTY COJV'~ftISSIONEP.S TO PA.SS A RESOLUTION OF INTENT .riND SUBSEQUENT BOND ISSUB FOR SINGLE FAMILY ~ORTGAGE REVENUE BONDS HHEREAS, the City of v7heat Ridge adopted Resolution No. 746, Series of 1981, settins forth their intent to authorize the lssuance of single family ~ortgaae revenue bonds, the City of Fda,ewater adopted a similar resolution; and WHEREAS, after consultation with Boettcher and Company, the amount of Donds allowed to be sold by our two comEunities is too s~all to be feasible under the Mortgage Subsidy Bond Tax Act enacted by Congress in 1980; and villEREAS, the City of Wheat Ridge and the City of Edaewater feel that it is extremely important to provide assistance to those who cannot otherwise afford to purchase single family homes; and \,'JHEREAS, to obtain a more economically feasible bond issue a County-wide issue should be accomplished. NOH, THEREFORE, BE IT RESOLVED by the City Council of the City of Fheat Ridge that the Board of County COr.1Inissioners be urged to favorably review and pass a resolution of intent and subsequent bond issue for single family mortgage revenue bonds ln an amount that is economically feasible. DONE AND RESOLVED this 23rd day of Noverrber, 1981. \. ,rr /' 'r ,:-:/ f, i., 4. i-.L.:<-.f'......., FRANK STITE"" I1AYOR A.TTEST: ~, / (~Cc:'<,t., " if ('0-;':; CAROL F. IIA-"iPF, C..l'1'Y CLERK v(.