HomeMy WebLinkAboutRedevelopment Agency - 149 RESOLUTION NO . 149
RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE
CITY OF HUNTINGTON BEACH AUTHORIZING FORMATION
OF THE HUNTINGTON BEACH PUBLIC FINANCING AUTHORITY
WITH THE CITY OF HUNTINGTON BEACH
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
_ n
California Government Code, in order to reduce local borrowing
costs through the mechanism of bond pooling.
NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency
of the City of Huntington Beach as follows:
SECTION 1: Formation of Joint Powers Authority.
The Agency hereby authorizes the officers and staff members
of the Agency 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 Agency hereby
approves and authorizes the Chairman to execute and the
Secretary to attest the Joint Exercise of Powers Agreement
forming said joint powers authority, in substantially the form •
on file with the Secretary together with any changes therein
deemed advisable by general counsel to the Agency.
SECTION 2 : Official Actions .
The Chairman, Chief Executive Officer, Treasurer and
Secretary of the Agency, and any other officers of the Agency,
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 .
1 - 149
SECTION 3 : Effective Date .
This Resolution shall take effect from and after the date of
passage and adoption.
PASSED AND ADOPTED by the Redevelopment Agency of the City
of Huntington Beach at a meeting thereof held on the 7th day
of March , 1988 .
0
C airm
ATTEST:
APPROVED AS TO FORM: APPROVED AS TO FORM:
acvCounse City At tqr ey 1C,-Bg
Special Legal Co ns
REVIEWED AND APPROVED: INITIATED AND APPROVED:
Chief Executive OfficerDeuty C '"ty^tAdnirista;ator;/_
Director of Community Development
I
be
2 - 149
Res. No. 149
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss:
CITY OF HtWINGTON BEACH )
I, ALICIA M. WENi'WORTH, the duly elected, qualified City
Clerk of the City of Huntington Beach, and ex-officio Clerk of the
City Council of said City, do hereby certify that the whole, -.number of
members of the City Council of the City of Huntington Beach is seven;
that the foregoing resolution was passed and adopted by the affirmative
vote of more than a majority of all the members of said City Council
at a regular, meeting thereof held on the 7th day.
Of. March 19 88 , . by the following vote:
AXES Councilmen:
Kelly, Green, Finley, Erskine, Mays, Winchell, Bannister
NOES: Councilmen:
None'
ABSENT: Councilmen:
None
t
City Clerk and ex-officio Clerk
of the City Council of. the City
of Huntington Beach, California
149