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NOW, THEREFORE, BE IS RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br /> EVERETT AS FOLLOWS: <br /> 1. There exists in the City of Everett a need for such low rent <br /> housing at rents within the means of low income families. <br /> 2. The City Council of the City of Everett does hereby approve the <br /> purchase and ownership by the Local Authority of the project as <br /> defined in Paragraph 1(a) of the Cooperation Agreement, a copy <br /> of which is attached hereto and marked Exhibit "A." <br /> 3. The City Council of the City of Everett, after having held a <br /> public hearing and giving all interested persons an opportunity <br /> to be heard, hereby determines, pursuant to the provisions of <br /> the Housing Corporation Law [Section 35.83.030(10) of the <br /> Revised Code of Washington' , to enter into a Cooperation <br /> Agreement in the name and on behalf of the City of Everett and <br /> the Mayor is hereby authorized and directed to affix or impress <br /> the official seal of the City of Everett thereon and to attest <br /> the same. <br /> 4• This Resolution shall become effective immediately, and need <br /> not be laid over or published or posted as provided in Section <br /> 35.83.060 of the Revised Code of Washington. <br /> PASSED AND ADOPTED this 4 day of , 19 e <br /> OFf�' cilm. n ntro-uc ng Res• 'ution <br /> )1/, 71/(6+-1-M-c-tr <br /> Council President <br /> (SEAL) <br /> ATTEST: <br /> • <br /> Myr A <br /> City Clerk <br /> PASSED: <br /> VALID: <br /> PUBLISHED: <br /> 2526G <br /> -2- <br />