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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. 3 <br />A RESOLUTION OF THE HOUSING AUTHORITY OF THE CITY OF <br />RIVERSIDE, CALIFORNIA, AUTHORIZING THE HOUSING <br />AUTHORITY EXECUTIVE DIRECTOR OR DESIGNEE TO BID AT A <br />PUBLIC AUCTION SCHEDULED FOR MARCH 16, 2010 ON PROPERTY <br />IDENTIFIED AS ASSESSOR'S PARCEL NO. 221-110-016 AND <br />LOCATED AT 2347 GEORGIA STREET IN THE CITY OF RIVERSIDE. <br />WHEREAS, the County of Riverside sent notice of sale of tax-defaulted property located at <br />2347 Georgia Street in the City of Riverside ("Property") by a public auction on March 16, 2010 <br />("Auction") to the City Clerk; and <br />WHEREAS, the Housing Authority desires to purchase the Property for a future single- <br />family affordable housing project; and <br />WHEREAS, the Housing Authority must designate an individual as authorized to purchase <br />the Property at the Auction and also set forth the maximum bid amount that said individual may bid <br />at the Auction. <br />NOW, THEREFORE, BE IT RESOLVED by the Housing Authority of the City of <br />Riverside, California, as follows: <br />Section 1: That the above recitals are true and correct. <br />Section 2: The Housing Authority hereby authorizes the Housing Authority Executive <br />Director or designee to represent the Housing Authority and to bid on the Property at the Auction on <br />March 16, 2010, with the bid amount not to exceed Forty-Five Thousand Dollars ($45,000.00). <br />ADOPTED by the Housing Authority this 9th day of March, 2010. <br />MIC14AEL C. GARDNER <br />Chair of the Housing Authority <br />of the City of Riverside <br />Attest: <br />~✓l <br />COLLE#N J. NiICOL <br />Secreta of the Housing Authority <br />of the Cu o iverside <br />