HomeMy WebLinkAboutCity Council - 5854 RESOLUTION NO. 5854
RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF HUNTINGTON BEACH AUTHORIZING FORMATION
OF THE HUNTINGTON BEACH PUBLIC FINANCING AUTHORITY
WITH THE REDEVELOPMENT AGENCY
WHEREAS, the Redevelopment Agency of the City of Huntington
Beach (the "Agency" ) is undertaking proceedings to finance
various redevelopment activities of the Agency, and in
connection with such proceedings the Agency and the City of
Huntington Beach (the "City" ) have proposed to form a joint
powers authority under Chapter 5 of Division 7 of Title 1 of the
California Government Code, in order to reduce local borrowing
costs through the mechanism of bond pooling.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Huntington Beach as follows :
SECTION 1: Formation of Joint Powers Authority.
The City Council hereby authorizes the officers and staff
members of the City to assist in the organization of a joint
powers authority between the City and the Agency, to be known as
the Huntington Beach Public Financing Authority. The City
Council hereby approves and authorizes the Mayor to execute and
the City Clerk to attest the Joint Exercise of Powers Agreement
forming said joint powers authority, in substantially the form
on file with the `City Clerk together with any changes therein
deemed advisable by the City Attorney.
SECTION 2 : Official Actions.
The Mayor, City Administrator, Finance Director and City
Clerk of the City, and any other officers of the City, are
hereby authorized and directed to take all actions and do all
things necessary or desirable hereunder with respect to the
formation of said joint powers authority, including but not
limited to the execution and delivery of any and all agreements,
certificates, instruments and other documents, which they, or
any of them, may deem necessary or desirable and not
inconsistent with the purposes of this, :resolution.
5854
SECTION 3 : Effective Date .
This Resolution shall take effect from and after the date of
passage and adoption.
PASSED AND ADOPTED by the City Council of the City of
Huntington Beach at a regular meeting thereof held on the 7th
day of March 1988 .
M yor
ATTEST: APPROVED AS TO FORM:
City Clerk City Atto ney r.�6.-If%
REVIEWED AND APPROVED: I ITIATED AND APPROVED:
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v.- 4�(Z4—
City Administrator Deputy City Administrator/
Director of Community D`vvlopnent
be
2 - 5854
Res. No. 5854
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF HUNTINGTON BEACH)
I , ALICIA M. WENTWORTH, Clerk of the Redevelopment Agency of the
City of Huntington Beach, California, DO HEREBY CERTIFY that the foregoing
resolution was duly adopted by the Redevelopment Agency of the City of
Huntington Beach at a meeting of said Redevelopment Agency held on the
7th day of March 1988 , and that it was so adopted
by the following vote:
AYES: Members:
Kelly, Green, Finley, Erskine, Mays, Winchell, Bannister
NOES: Members:
None
ABSENT: Members
None
Clerk of the Redevelopment Agency bT
the City of Huntington Beach, Ca.
5854