HomeMy WebLinkAbout1985 Resolution No. 062RESOLUTION NO. & OIL
SERIES OF 1985
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ENGLEWOOD APPROVING
THE POLICY REPORT FOR SINGLE FAMILY MORTGAGE REVENUE BONDS UNDER
SECTION 103A OF THE INTERNAL REVENUE CODE.
WHEREAS, the City of Englewood, Colorado (the "City"), a
political subdivision of the State of Colorado, desires to
participate in the issuance of single family mortgage revenue bonds
for the calendar year 1986, to assist in the purchase or rehabili-
tation of residences for low and moderate income persons and
families; and
WHEREAS, to comply with Section 103A (j) (5) of the Internal
Revnue Code of 1954, as amended, the highest elected governmental
representative of each governmental unit participating in the
issuance of these bonds is required to publish a statement of
policies that the governmental entity will follow: and
WHEREAS, the policy report has been prepared and a public
hearing held on the policy report;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF ENGLEWOOD, COLORADO:
Section 1. That the attached Policy Report governing the
issuance and sale of single family mortgage revenue bonds for the
calendar year 1986 and the use of proceeds therefrom is hereby
approved.
Section 2. That the Mayor and ex officio City Clerk -
Treasurer are hereby authorized to sign, attest, and publish the
Policy Report for and on behalf of the City Council and the City of
Englewood.
ADOPTED AND APPROVED this 16th day of December, 1985.
Eu ne L. tis, Mayor
Attest: n
( x officio C' Clerk -Tr asurer
I, Gary R. Higbee, ex officio City Clerk -Treasurer of the
City of Englewood, Colorado, hereby certify that the above and
foregoing is a true, accurate and complete copy of Resolution
No. , Series of 1985.