HomeMy WebLinkAboutResolution 2322A Resolution
RESOLUTION NO ~ 3 ~?~
A RESOLUTION ASSIGNING TO TARRANT COUNTY TEXAS
THE AUTHORITY OF THE CITY OF FORT WORTH TEXAS TO
ISSUE QUALIFIED MORTGAGE BONDS DURING THE 1997 AND
1998 CALENDAR YEARS
WHEREAS the creation of the Tarrant County Housing Finance Corporation
(the Corporation') pursuant to the Texas Housing Finance Corporations Act
was approved by resolution of the governing body of Tarrant County Texas (the
County") adopted on April 14 1980 to provide a means of financing the cost of
residential ownership and development that will provide decent, safe and
sanitary housing for residents of the County at prices they can afford and
WHEREAS the governing body of the City of Fort Worth Texas (the City") is
agreeable to assigning to the County the authority of the City and Fort Worth
Housing Finance Corporation ("FWHFC') to issue bonds to provide financing for
home mortgages during the 1997 and 1998 calendar years in accordance with
the provisions of Article 5190 9a, Vernoo s Texas Civil Statutes as amended
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF FORT WORTH TEXAS THAT
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SECTION 1
The City hereby assigns to the County and the Corporation the authority of the
City and FWHFC to issue qualified mortgage bonds during the 1997 and 1998
calendar years to provide financing for home mortgages in the City in
accordance with the provisions of Article 5190 9a, Vernon s Texas Civil Statutes
as amended
ADOPTED AND APPROVED on this day of l/ , 1997 at a
regular meeting of the Fort Worth City Council
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Mayor Ci~TY ~i®UNCf~..
ATTEST ~'~~ 12 1997
City Secretary GityorFost~f-ox~th,se~cas
CITY OF FORT WORTH