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<br />State of California, a public cOfPoration which is authorized to <br />I <br />alleviate the shortage by providtng financing assistance to housing <br />developments which offer the hou1ing mix required. <br />6. There is a need for ~n authority, which is the <br />i <br />corporation established by the L~gislature in the City, to <br />i <br /> <br />function. <br />7. The name of the auth~rity shall be THE REDWOOD CITY <br /> <br />, <br /> <br />HOUSING DEVELOPMENT FINANCING AU!THORITY, a publ ic body corporate <br />and politic, known as provided 9Y the Legislature. <br />8. The authority is aU~horized to transact business and <br />exercise the powers conferred b~ the Legislature. <br />i <br />9. This resolution sha~l be effective immediately upon <br />adoption. <br /> <br />* <br /> <br />* <br /> <br />* <br /> <br />* <br /> <br />* <br /> <br />/ <br /> <br />-2- <br /> <br />MFH0032.RWC/4 <br /> <br />06/07/85 <br /> <br />9906 <br />