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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />RESOLUTION NO. R-91-99 <br />A RESOLUTION OF THE CITY COUNCIL OF <br />THE CITY OF COLTON APPROVING THE <br />AGREEMENT BY AND BETWEEN THE CITY <br />AND THE RIVERSIDE -SAN BERNARDINO <br />HOUSING AND FINANCE AGENCY, A JOINT <br />POWERS AUTHORITY <br />WHEREAS, the City of Colton seeks to promote home ownership to <br />improve the City's housing stock and to further economic development for the <br />welfare of its residents; and <br />WHEREAS, the City of Colton has adopted the promotion of home <br />ownership as one of its priority goals in both the Housing Element of the General <br />Plan and the Consolidate Plan; and <br />WHEREAS, there is a growing need for the cities to find new and <br />cooperative ways to develop programs that will increase home ownership and <br />improve community life; and <br />WHEREAS, the Riverside -San Bernardino Housing and Finance Agency <br />is a cooperative approach among cities that will increase home ownership and <br />thereby improve the quality of community life for those cities participating in the <br />Authority; and <br />WHEREAS, the City of Colton will further its adopted goal of promoting <br />home ownership within the community through membership in the Riverside -San <br />Bernardino Housing and Finance Agency; and <br />WHEREAS, the Riverside -San Bernardino Housing and Finance Agency <br />provides for home ownership programs individually tailored for each member <br />city; <br />1 <br />