A.
It is the considered opinion of the Mayor and Council that senior citizens of low income in the community are entitled to safe and sanitary accommodations at rentals such persons can afford.
B.
The borough is desirous of participating in the Housing Authority of Bergen County for the sole purpose of receiving rent subsidies on a lease basis for the senior citizens of Maywood.
C.
The Mayor and Council are not desirous of participating in any other respect with the Housing Authority of Bergen County other than the leasing program to subsidize senior citizens.