(a) Revenue bonds, notes, or other evidences of indebtedness (“Bonds”) may be issued for the purpose of acquiring, developing, constructing, and rehabilitating and for the purpose of making loans for the financing or refinancing of such activity, for single family and multi-family residential housing developments, including low and moderate-income housing developments and market rate housing developments, as provided by Charter Sec. 248. The City may cooperate with and receive aid from other agencies of government in accomplishing the purposes of Charter Sec. 248, but shall make no contributions to the payment of interest or principal due on any of the Bonds, from taxes imposed by the City.
SECTION HISTORY
Article and Section Added by Ord. No. 173,302, Eff. 6-30-00, Oper. 7-1-00.