HomeMy WebLinkAboutCity Council Resolutions (R-80-225)-05/05/1980
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RESOLUTION NO. R-8o-225
the Tarrant County Commissioner's Court has created the
Tarrant County Housing Finance Corporation to provide
for low cost home financing for one through four family
dwellings; and,
the Tarrant County Commissioner's Court has requested
that the City indicate by resolution whether or not
the City has any interest in seeing these low cost
funds used within the City of Colleyville; and,
the bonds which would supply these funds will be finan-
ced solely through home mortgage payments and secured
by the mortgages on the property financed; and,
the City Council is of the opinion that the utilization
of these funds within the City of Colleyville would
promote the interest of its citizens; NOW, THEREFORE,
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BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEYVILLE,
TEXAS:
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THAT the City is interested in the Tarrant County
Housing Finance Corporation issuing low cost home mort-
gage loans for one-family, two-family, three-family and
four-family dwellings within the city limits of the
City of Colleyville.
TH~ the City Council estimates that the amount of
/ f;/Jl/It lOft in these bonds could be utilized
within the city limits of the City of Colleyville.
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AND IT SO RESOLVED.
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AND ADOPTE~)9f the City of Colleyville, Texas, this the
day of ~ ' 1980, by a vote of :2-- to
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CITY OF COLLEYVILLE
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Buck Hubbard, ayor