HomeMy WebLinkAboutReso 1995-17852 RESOLUTION NO. 17852
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA AUTHORIZING THE EXECUTION AND DELIVERY OF A
JOINT EXERCISE OF POWERS AGREEMENT BY AND BETWEEN
THE CITY AND THE REDEVELOPMENT AGENCY OF THE CITY
OF CHULA VISTA, ESTABLISHING THE CHULA VISTA PUBLIC
FINANCING AUTHORITY
WHEREAS, the City of Chula Vista (the "City") and the Redevelopment Agency of the
City of Chula Vista (the "Agency") desire to create and establish, pursuant to the laws of the
State of California, the Chula Vista Public Financing Authority (the "Authority") for the
purpose of facilitating the refinancing of certain outstanding assessment bonds previously
issued by the City with respect to various assessment districts located in the City; and,
WHEREAS, there has been presented to this meeting a proposed form of Joint Exercise
of Powers Agreement (the "Agreement"), by and between the Agency and the City, which
Agreement creates and establishes the Authority.
NOW, THEREFORE, IT IS HEREBY ORDERED as follows:
Section 1. Approval of Agreement. The form of the Agreement, known as document
number C095-040, on file in the office of the City Clerk and incorporated in
this resolution by reference, is hereby approved, and the Mayor is hereby
authorized to execute, and the City Clerk is hereby authorized to attest, seal
and deliver, the Agreement in substantially said form, with such additions or
changes thereto that may hereafter become necessary in the interests of City
and which are reviewed and approved by the City Manager, any such additions
or changes to be conclusively evidenced by the execution and delivery of the
Agreement. Upon the adoption of this Resolution and the adoption by the
Agency of its resolution approving the execution and delivery of the Agreement
by the Agency, the Authority shall thereupon come into existence and shall be
authorized to act under the Agreement.
Section 2. Effective Date. This resolution shall take effect from and after its adoption.
Presented by ~as/i f~y ~
Robert W. Powell ~' Bruce M. Boogaard ~
Director of Finance City Attorney ,."
Resolution No. 17852
Page 2
PASSED, APPROVED and ADOPTED by the City Council of the City of Chula Vista,
California, this z~th day of April, 1995, by the following vote:
YES: Councilmembers: Moot, Padilia, Horton
NOES: Councilmembers: None
ABSENT: Councilmembers: Rindone
ABSTAIN: Councilmembers: None
Shirley Horton, Mayor
ATTEST:
Beverly ~. Authelet, City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO ) ss.
CITY OF CHULA VISTA )
I, Beverly A. Authelet, City Clerk of the City of Chula Vista, California, do hereby certify that
the foregoing Resolution No. 17852 was duly passed, approved, and adopted by the City
Council at a joint City Council/Redevelopment Agency meeting held on the 4th day of April
1995.
Executed this 4th day of April, 1995.
BeverlyTA. Authelet, City Clerk