HomeMy WebLinkAboutReso 2016-073 RESOLUTION NO. 2016-OT
RESOLUTION OF THE CITl' COWi CIL OF THE CITY OF
CHiTLA VISTA CONSENT[NG TO INCLUSION OF
PROPERTIES Vl'ITHII�' THE CITY`S JURISDICTION II�' THE
CALIFORI�'IA HOME FII�'AI�'CE AUTHORITY COMI�4UI�'IT1'
FACILITIES DISTRICT NO. 2014-1 (CLEAN ENERGY) TO
FINAI�'CE RENEVIABLE ENERGY IMPROVEMENTS.
ENERGY EFFICIENCY AND WATER COI�'SERVATION
IMPROVEMENTS AI�'D ELECTRIC VEHICLE CHARGIt�'G
II�'FRASTRUCTURE .AND APPROVII�'G ASSOCIATE
MEn4BERSHIP IN THE JOII�'T EXERCISE OF POA'ERS
AUTHORITY RELATED THERETO
WHEREAS. the Califomia Home Finance Authority, a Califomia joint po�+�ers authoritv;
doine business as Golden State Finance Authorit�� (the "Authorit}� `) has established the
Communit�� Facilities District No. 2014-1(Clean Enere��) in accordance with the Mello-Roos
Communitv Facilities Act, set forth in sections �3311 throuah �33683 of the Califomia
Govemment Code (the "AcY') and particularh� in accordance����ith sections �33li.�(1) and
53328.1(a) (the ��Disvicr`); and
WHEREAS. the purpose of the District is to finance or refinance (includine the pa��ment
of interest) the acquisition, installation, and improvement of energy efficienc��, ���ater
conservation; rene���able energy and electric vehicle charging infrastructure impro��ements
permanendy affised to pri��ate or publich�-o�timed real propem� (the "Authorized
Impro��ements'); and
«'HEREAS, the City of Chula Vista is committed to de�-elopment of rene�aable enere��
generation and energ�� efficiency impro��ements, reduction of greenhouse sases. and protection
of the em�ironment: and �
WHEREAS. in the Act, the Legislature has authorized a pazcel ���ithin the temtor}� of the
District to annes to the District and be subject to the special tax lev}� of the District onl�� (i) if the
cit�� or count}� �aithin �vhich the pazcel is located has consented, b�• the adoption of a resolution
b}� the applicable city council or county board of supen�isors, to the inclusion of parcels �aithin
its boundaries in the District and (ii) with the unanimous written appro��al of the o�ti�ner or o���ners
of the parcel «�hen it is annesed (the "Unanimous Approval AgreemenT'), �vhich. as provided in
section �3329.6 of the Act, shall constitute the election required b�� the Califomia Constitution;
and
�\'HEREAS. the Cit}� ��•ishes to pro��ide inno�ati��e solutions to its propert�� o���ners to
achie��e enere)� efficienc}� and ���ater conservation and in doine so cooperate �vith Authoritv in
order to efficientiv and economicallv assist property o���ners in the Cit�� in financin� such
Authorized Impro��ements; and
Resolution No. 2016-073
Page No. 2
WHEREAS, the Authority has established the District, as permitted by the Act, and the
Authority JPA, originally made and entered into .Tuly 1, 1993, as amended to date, and the City,
desires to become an Associate Member of the JPA as provided by the JPA Agreement, a copy
of which is attached as Exhibit "A" hereto, in order to participate in the programs of the JPA; and
to assist property oNmers within the incorporated area of the City in financing the cost of
installing Authorized Improvements; and
WHEREAS, to protect the City in connection with operation of the Authority CFD No.
2014-1, Ygrene Energy Fund Califomia LLC (`Ygrene"), the administrator of Authority CFD
No. 2014-1, and the City will enter into an agreement providing for the defense and
indemnification of the Cih�, its oFficers and employees from claims arising from the Authority
CFD No. 2014-1 as N�ell as coverage of the City under certain insurance policies as an additional
insured ; and
WHEREAS, the City will not be responsible for the conduct of any special tax
proceedings; the ]evy and collection of special taxes or any required remedial action in the case
of delinquencies in the payment of any special taxes in connection with the District; and
WHEREAS, pursuant to the .IPA Agreement, the Authority agrees to defend and indemnify
the City and to conduct the Program in accordance with state and local law, and the City's PACE
Program Guidelines.
NOW,- THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista
that:
1. This City Council finds and declares that properiies in the City's incorporated
area will be benefited by the availability of the Authority CFD No. 2014-1 (Clean Energy) to
finance the installation of the Authorized lmprovements.
2. This City Council consents to indusion in the Authority CFD No. 2014-1 (Clean
Energy) of all of the properties in the incorporated area within the City and to the Authorized
Improvements, upon the request of and execution of the Unanimous Approval Agreement by the
owners of such properties when such properties are annexed, in compliance with the laws, rules
and regulations applicable to such program; and to the assumption ofjurisdiction thereover by
Authority for the purposes thereof.
3. The consent of this City Council constitutes assent to the assumption of
jurisdiction by Authority for all purposes of the Authority CFD No. 2014-1 (Clean Energy) and
authorizes Authority, upon satisfaction of the co»ditions inlposed in this resolution, to take each
and every step required for or suitable for financing the Authorized Improvements.
4. This Cit}� Council hereby approves joining the .1PA as an Associate Member and
authorizes the eaecution by appropriate Cit�� officials of any necessary documents to effectuate
such membership.
5. City staff is authorized and directed to coordinate with Authority staff to facilitate
operation of the Authority CFD I�'o. 2014-1 (Clcan Enersy) within the Cit��, includin� tl�e
transition from operation of the Cit��`s Community Facilities District 2013-1 (Clean Eneray) to
the Authorit�� CFD No. 2014-] (Clean Enere}�).
Resolution No. 2016-073
Paee I`'o. 3
Presented b}� Appro�-ed as to form bv
Eric C. C� �ett Gle�n R. G�'°eins ���
Director of Economic De��elopment Cit}�?�ffomey v
PASSED. APPROVED, and ADOPTED b�� the Citv Council of the Citv of Chula Vista.
California. this lOth da�� of Mav 2016 b�� the follo���ins ��ote:
A1'ES: Councilmembers: Aeuilar. Bensoussan. A4iesen. and Salas
\'AYS: Councilmembers: I�'one
ABSENT: Councilmembers: McCann
\� ����� �
Man� S . Ma��or
ATTEST:
! -�
Donna R. Norris. CMC. Cit�� Clerk
STATE OF CALIFORi\'IA )
COUt�'TY OF SAN DIEGO )
CITY OF CHULA VISTA )
I. Donna R. \oms. Citv Clerk of Chula Vista. Califomia. do hereb�� certifi� that the foreeoine
Resolution I�'o. 2016-073 ���as dulv passed. approved. and adopted by the Cit�� Council at a
reeulaz meetine of the Chula Vista Cih� Council held on the lOth da�� of Mav 2016.
Executed this l Oth day of May 2016.
'
Donna R. Noms. Ci 4 . itv Clerk
xe5o�cefi�Jb.�b�t�-o>>
Pase No. �
CALIFORNLh HOME FL1�A_\�CE AiTTHORTII'
AME.T��ED A.T��RESTATED JOII�'T EXERCLSE OF PO�'�'ERS AGREEME.�T
(Original da[e July 1, 1993 and as last amended and resta[ed December 10, 2014)
THIS .�:'�4E��DED .�1�D RESTA"I"ED JOI\T �!iERCISE OF PO��'ERS AGRF_E:�4E:\-I'
('Agree�ne�ir") ;s e:�tered into S. �,d a.—,�ong the counties listed on Atrachment 1 hereof and
incorpordted herein b}• reference. All such counues are referred to herein as '\fembers" �5�d� the
respecdve po«�ers, pn�ileges and resQicdons pro�ided hereui.
RECI�I�AIS
.1. ���I-IER��S, the California Rural Home \for[gage Finance .�1ud�onR (`CRH\1F.A") «as
aeated b} a Jovit Esercise of Powers Agreeme��t dated Ju]}' 1, 1993 pursuant to the Joint Esercise
of Powers Ac[ (commencing �rid� ,�rticle 1 of Chap[er .i of Di�ision 7 of Tide 1 of d7e
Govemment Code of die State of California (d�e °Acr). Bc Resoluaou 4003-02, adopted on
Januan� l,i, 2003,[he narne of[he aurhonq «as changed to CRH�IFA Homebu}�ers Fund. The
mos[recent amendmen[to cl�e Joint Eiercise of Powers Agreement��as on Januan 28, 2004.
B. \'l'HF..RE.�S, the �fembers of CRI-L�ffA Homebuyers Fund desire [o update, reaft�vm,
clanfi� and re�ise certain pro�isions of the joint powers agreemenL including d�e renaming of the
joint powers ao[hontt�, as set forth herein.
C. \\�-IER��S, the \lembers are each empo«ered b�� la�v to finance the conswcuon,
acquisidon, impro�ement and rehabilitation of real propem.
D. \\"HF_RE.�S, by dvs Agreement, the \9emben desire to create and estabGsh a jouit powers
authoriry to exercise rheir respecdve po�vers for the purpose of financing the construcdon,
acquisieon, improvement uid rehabilitation of real propem ���dun die junsdiction of[he Authorig
as authorized br[he.�1c�
\'O\�', THEREFORE, in considerauon of die mumal co��enants contau�ed herein, the \Iemben
indi�iduall} and collectively agree as follo�vs:
1. Definirions
li�iless [he context odien�ise requires, the tollo��vig [erms shall for purposes of [his
.�greement ha�e rhe meanings specified belo«•:
'Act' means the Jouit Exercise of Po���ers Ac� commencing «i[h Ar[ide 1 of Chapter,i of
Di�ision 7 of Tide 1 oC the Governmenc Code o(the Stace of Califomia, nicluding d�e \iarks-Roos
Local Bond Pooling Act of 198.i, as amended.
'AgreemenP meaiu tltis Joux Exercise of Po«ers Agreemen� as die san�e no« esis[s or as it
mat�from ume to ume be amended as pro�ided herein.
�_2o I 6 - 0�3
� 70« - o� �
Resolution No. 2016-073
Page No. �
°Associate Member" means a counn�, citi� or otl�er puUlic agenc} wlucl� is not a voting
memUer of die Rural Counq Represenradves of California, a Califomia nonprofit corporaoon
("RCRC"), �ti�d� legal po�+�er and audiorin• similar to that of d�e ?�lembers, admitted pursuant to
paragraph 4.d. below to associate meinberslup hereui b}'�oie of the Board.
"Audit Commitiee" means a committee made up of d�e nine-member Faecuuve
Committee. �
'Auihority' means Caluornia riome Fuiuice Authority ("CHF"), formerly I:no���� as
CRH�ff9 Homebupers Fw�d or California Rural Home �4ortgage Fu�ance.Autlioriq�.
Boazd"means the go�ernu�g Uoard of tlie AuQ�oriq�as described ui Secuon 7 belo�ti.
"Bonds" means bonds, notes; �+•:urants, leases, cer�cates of parucipauon, ulstallment
purchase agreemenLS, loan agreements u�d odier securities or obli�lions issued b}�d�e Audionh�,
or fmancu�g agreements entered u�to by il�e.Au�liorih�pursuu�t to die Act:ll�d amp odier obligauon
«�tlun the meuivig of d�e term "Bonds"under d�e Ac�
"Delegate" meaz�s die Supenisor desi�miated b�� the govenung Uoard of each Member to �
serve on die Board oC d�e.Aud�onq�.
"F�ecutive Committee° means the iune-member Executi�-e Coinmiuee of the Board �
established pursuant to Secdon 10 hereoE i
'Member' meaiu any counq� wluch is a member of RCRC, has esecuted this Agreement
and has become a merober of d�e Audioriq,.
"Obligations" means bonds, notes, warranu; leases, cerlificates of participation, uistallment
purchase agreements, loan agreements and other securibes or obligations issued by ilie Aud�orin�,
or financing agreements entered into by d�e Authorit}� pursuant to die Act and a��y od�er financial
or legal obligsuon of d�e Audioriq�under die Ac�
"Program' or °ProjecP' means any �vork, vnpro��ement, progra�n, project or sen�ice
undertaken Uy the Aud�oriq�.
"Ruial County Representavves of California" or °RCRC" meuis die nonprofi[ entity
incorpora[ed wider that name vi d�e State of Califomia.
"Supeivisor' meuu an elected County Supernisor Irom an RCRC member coung�.
4. Purpose
The purpose ot d�e .'�utl�oril}' is to pro�'ide fnancii�g for die aequisi�on, consuuc�on, ,
impro��ement a��d rehabilitaoon of real propem� in accordance «•idi applicaUle pro�isions of la�v
for tl�e Uenefit of residents ��d communities. In pursuit of this purpose, dvs Agreement provides
for ��e joint esercise of po�cers common to an} of its n�leinbers and Associate n4embers as
pro��ided I�erein, a� otl�ernise autl�orized by tl�e Act and od�icr ;ipplicable law�s, includin;assisung
Resolution No. 2016-073
Pase I�'o. 6
in financu�g as authorized herein,jou�d} exercised u� the maziner set forrh hereui. ,
3. Principal Place of Business
The principal ofIice of the Authonq shall be 121.i K S�ee� Sti[e 1650, Saaarnen[o,
Califomia 9.iS14.
4. Creation of Authority;Additioo of Membecs or Associaie?vlembeis
a. The Aurhonn� is hereb�� created pursuant to the Acc As pro�ided in the AcL die
Authonp shall be a public entin�separa[e and disonct from ilie �fembers or Associa[e \fembers.
b. The Authonn «ill cause a nouce of[his Agreement or an� amendment hereco co
be prepared and filed «ith the oflice of d�e Secretarc of State of California in a umely fashion in
che maimer set fotth in Secnon 6�03.3 of d�e Ac�
c. A counn� dia[ is a member ot RCRC map peudon [o become a member of d�e
Aurhonq� by submimng Lo rhe Board a resolution or e�idence oC other formal acdon [al:en b}� i[s
go��eming body adopmig this Agreemenc The Board shall re�ie�s the peu[ion for memberslup
and shall vote to approee or disappro�e the perioon. If the peddon is approved by a majonR of
the Board, such counn shall immediately become a�4ember of the Authong.
d. :�n Associate \lember ma}' be added to the Authorin upon the afI-irmad�e
appro�'al of its respecdve governing board and pursuant to acuon b}' the Authoriry Board upon
such terms and conditions, and ��ith such rights; pri�ileges and responsibilities, as ma}' be
e>tabGshed from time to time by the Board. Such terms and conditions, u�d rights, pn�ileges and
responsibilides ma} �an� amoi�g the Associate \fembers. Associate \4embers shall be endded to
panicipate in one or more programs of the Auchorin as determu�ed bc[he Boazd, but shall no[be
�oting members of[he Board. The Ezecu[ire Direc[or of the Authorin shall enforce rhe [erms
and conditions for prospec[ive .�lssociate \lembers to the Authonn as pro�ided b}' resolution of
the Board and as amended from time [o nme bc [he Board. Changes in [he terms and condirions
for.lssociate Alembership b}'[he Boazd«ill not constimte an amendment of dus.Agreemenc
5. Term and Ter�n;.,ar;on of Powe�t
TMs Agreement shall become efTecuee froin the date hereof undl d�e earGer oE the dme
�shen all Ba�ds and am� in[eres[ [hereon shall have been paid in full, or pro�-ision for such
pa}men[shall hace been made, or��hen d�e Authorin shal] no longer own or hold am'incerest u�a
pubhc capital unpro�ement or prograin. The Authonq� shall con[inue [o exercise the po«ea
hereui conferred upon it unnl [emtu�ation of this Agreemen� excepc tha[ if any Bonds are issued
and deli�ered, in no e�ent shall die exercise of[he powers herein gran[ed be temiinared until all
Bonds so issued and deli�ered and d�e uneres[d�ereon s6a11 ha�e been paid or pro�ision for such
pa}ment shal] have been made and an} orher debt incurred «ith respect to am odier financuig
program estabGshed or adm'v�istered Uc die .�luthorin has been repaid in full and is no lo��ger
ouutandina.
6. Powers; Res�icuon upon £xercise
Resolution No. 2016-073
Page No. 7
a. To eflectuate its purpose, die Authonty shall l�a��e d�e power to exercise any and al]
po�vers of d�e Dlembers or of a jou�t po�vers audionq under the Act and otl�er applicable
pro��sions of la�v, subjecL ho�vever, to d�e conditions az�d restrictions herein contau�ed. Each
?�9ember or.9ssociate D4ember ma} also separately exercise an}�and all such po�t-ers. The powers
oCd�e Audionty aze limited to d�ose of a general law comip�.
b. The Autl�oriq�may adopt, from dme to time,sucl� resolutions, guideluies, rules and
regulations for the conduct of iu meedngs and die acti�2ues of die Auchority as it deems necessary
or desirable to accomplish its purpose.
c. The Authority shall ha��e d�e po�+er to finance tl�e conswction, acquisition,
improvement and rehabiGtation of real propert}�, including tl�e power to purcl�ase, �id� the
amounts recei��ed or to Ue reccived by it pursuant to a Uond purcl�ase agreement, Uonds issued by
any of i[s Members or Associate �4embers a��d otl�er]ocal agei�cies at public or negodated sale, for
d�e purpose set fo�d� herein and v� accordaiue �addi die Act All or :ui}' part of such bouds so
purchased ma} be held b� d�e .9ud�orit}� or resold to puUlic or private purchasers at public or
negotiated sale. The Authonq� shall set azi}� otl�er tenns and conditions of any purdiase or sale
contemplated herein as it deems necessar}� or com�enient and u� furtlieru�ce of d�e Ac� The
Autlionp� may issue or cause to be issued Bonds or od�er indebtedness, and pledge any of ils
property or revenues as security to ll�e estent pennined Uy resolulial of d�e Board under any
applicable pro�2sion of law. The Authoriq� may issue Bonds in accordance �vith d�e Act in order
to raise funds necessar}� to effecmate its purpose hereunder auid maq� enter uito agreements to ,
secure such Bonds. Tl�e .Authoriq may issne o��er forms oC indeUtedness authorized b}� tl�e Act,
azid to secure such debt,to furtl�er such purpose. The Aud�onty may utilize odier fornis of capital,
includi��g, but not limited to, the Aud�onry's internal resources, capi�:il markets and other fonns of
private capital im esunent audiorized bp the.AcL.
d. Tl�e Authoriq� is hereUy aud�orized to do all acts necessaq� for die exercise of its
po�vers, including, but not limiied lo:
(1) ezecutingconvacts,
(2) employing agents, consultants :u�d empb}�ees;
(3) acquinng, conswcting or pro��iding for maintenance and operauon of any
Uuilding,n�ork or improvemen4
(4) acquiruig, holduig or disposing of real or personal property �vherever
located, includii�g properfy suliject to mortgage, - :
(�) incurruig debu, liabili�es or oUligauons,
(6) recei�2ng gifrs, contributions and doi�ations of property, funds, sen ices and
an�� otlier forn�s of assistance from persons, firms, corporations or
govemmental enu[ies, � �
(7) suing and beu�g sued in its o�vn name, arid litigatina or sealu�g a�m suits or �
daims,
(8) douig :m} and all diings necessary or conrenient to d�e exercise of i�s
specific powers and to aceomplishing i�s j»rpose
(9) establisliing and/or administering districts to fivance u�d refinance Clie
acquisition, insGdla�oii and improvcmcnt of energp efficicnc}', «'ater
Resolution No. 2016-073
Paee I�'o. 8
consenation and rene«able energc improvements to or on real propem� -
and in buildings. The Aurhonn ma} enter in[o one or more agreements,
vxludvig «ithout lunitanon, pazdcipation agreemenu and implementaoon .
agreemen[s[o implemen[such progrAms. .
e. Subject to the applicable pro�isions of any indennue or resoludon pro�iding for the
im'es[ment ot monies held thereunder, the AuthonR shall have the po�ver[o im es[an}'of ia funds
as d�e Boazd deems ad�isable, in [he sarne mumer uid upon [he same condioons as local agencies
pursuant co Secdon�3601 oC the Gorernment Code of the State of Califomia.
f. _Ul propem, eqwpmen� supplies, funds and records of the Authonn' shall be
o�rned b} the Authonn, escep[ as ma}� be pro�ided oihen+ise herein or b}� resolu6on of d�e
Board.
g. Punuant to [he pro�isions of Secuon 6�08.1 of [he Act� [he debts, liabiliees and
obGgaoo�� of the Authorin shall not be debts, liabdiues and obliga[ions of the \Iembers or
.-Lssociate �lembers. .�i} Bonds, togedier «ith anc interest and premium thereon, shall not
constimte debts, liabiliues or obligaoons.of azi�� \lembec The \4embers or Associace �4embers
hereb} agree diat ui}'such Bonds issued bc the Au[horin shall not consom[e general obliga[ions oC
[he Authorin bu[shall be pacable solely from d�e monees pledged [o[he repa}men[of pnncipal or
u�[erest on such Bonds under rhe [erms of [he resolurion, indenaue, trvs[, agreemen[ or orher
instrumenc pursuant to �vhich such Bonds are issued. \'either the \4embers or Associate
\lembers nor the Audionn shall be obGgated to pae die pdncipal of or premium, if any, or
interest on the Bonds, or other costs inciden[al thereto, except Erom the revenues and Cunds
pledged rherefor, and neither d�e faid� and credit nor d�e tavng power of the \fembers or
Associate \fembers or the Authonn� shall be pledged to the pa}�nent ot the principal of or
premium, if any, or interest on [he Bonds, nor shall the \lembers or Associate �lembers of d�e
Authonn-be obGgated ui an}-manner to mal:e an}'appropriation for such pa}men� \o co��enu�t
or ao eemen[ con[ained vi a�n Bond shall be deemed [o be a co��enant or agreement of an}�
Delega[e, or an}•ofTicer, agent or emplo��ee of d�e Authority in an indi�idual capacin, and neither
the Board nor an} officer thereof execuung the Bonds or v�} document relared thereto shall be
liable personally on am Bond or be subject to an} persoi�al Gabilig or accountabilitt� b}�reason of
the issuance of ane Bonds.
i. Goveming Boazd
a. Tl�e Board shall consist of the number ot Delegates equal to one representative
from each \4ember.
b. The go��eming bod} of eadi Afember shall appoint one of its Supenisors [o se��e
as a Delega[e on die Bo�d. A �fember s appoinwent of its Delega[e shall be deli�'ered u��5ridng
b��hich ma} be b}�elecvonic maiq eo [he Au[honn and shall be effecti�•e until he or she is replaced
b}' such go�'em'v�g bod}' or no longer a Supenisor, am� �acancc shall be filled bc the ;overnuig
body of die \Iember in d�e same maimer pro�ided v� dus paragraph b..
c. The go�'ernin�Ual} of each \-Iember of tl�e I3oard shall appoint a Supenisor as a�i
alternate to sene on tlie Board in die aUsence oC die Delea ie: d�e altemate inac esercise all die
Resolution No. 2016-073
Page No. 9
nghu and pmileges of the Delegate, includu�g die right to be counted 'v� constituting a quorum, to
participate in the proceedings of the Board, and to vote upon any and all matters. No alternate
mac have more than one �rote at an}' meeting of d�e Board, and an}� !�4ember's desiguation of u�
altemate shall be delivered in �aTiong b+'ludi may be Uy electronic mail) to tl�e Authoriry and shall
be effecb��e un61 sucl� alternate is replaced Uy Ius or her governing body or is no longer a
Supenisor, miless otl�enn2se spec�ed in such appoui0nen� Any vacancy shall be Filled by Ihe
goveming body of d�e]14ember in the same manner pro��ided in dus paragrapl�c..
d. .�i}' person wl�o is no[ a rnember of d�e governu�g Uody of a ?�lember and �eho
attends a meenng on belialf of sucl� �4ember may not vote or be counted to�+ard a quorum but
may, at d�e discretion of d�e Chair,panicipate in open meetings he or she anends.
e. Fach .�ssocia[e A9ember may desi6mate a non-voting represei�tative to d�e Board
who ma}' not Ue coun[ed to�aard a quorum but �ti�ho may attend open meeungs, propose agenda
items and odiemise pardcipate in Board D4eeangs. �
f. Delegates sl�all not receive coinpensauon for sening as llelegates, but may claim
and receive reimUursement for expenses acmally incurred in connecuon «�d� such sen�ice
pursuaz�t co rules appro��ed by��e Board v�d subjec�to d�e availaUiliq�of fur�ds.
g. The Board slial] 6a��e [he power, by resolution, to d�e extent permitted bv d�e Act
or any odier applicable la�v, to exercise any powers of d�e Authorit}� and to delegate u�} of its
fui�cnons to tl�e Execuu��e Commit�ee or one or more Delegates, ofTicers or agents of d�e
Audiorin, and to cause any aud�orved Delegate, ofTcer or agent to take any acuons az�d ezecute
azi}�docwnents for and ui die name and on behalf of ihe]3oard or the Autlioriq�.
h. Tl�e Board may estaUlish such committees as ic deems necessary for uiy la«ful
purpose; such committees are ad��isoq� oniti and may not act or purport to act on behalf of d�e
Board or d�e.�ludionn.
i. The Board shall develop, or cause to Ue developed, and re��ew, modify as
necessac�°, and adopt each ProgrAm.
8. Meetingrs of the Boazd
a. The Board shall meet at least once annually, but may meet more frequendy upon
call of any of7icer or as provided Uy resolu6on of fl�e Board.
U. D7eeungs oC d�e 13oard shall Ue called,noticed, held and conducted pursuam to the
pro�isions of the Ralph 1�1. 13ro�+�� Act, Chapter 9 (convnencuig �a�th Secuon 54950) of Part I of
Di�'ision 2 of'l�ide 5 of d�e Go��ernmenL Code of d�c StaLe o1�California.
c. Tlie Secreiary of die Aud�onq shall cause iuinutes of all ineeungs of die Board lo
be taken and disvibuted to each Dlember as sooi� as possiUle after eacl� meeting.
d. "I�l�e lesser of nvel�•e (12) De]e�ntes or ❑ majorit}• of lhc numUer of current
Delc�tes sh:ill consumte a quorum for transacting business at �my mec�ng of the Board, escep�
Resolution No. 2016-OT
Paee No. 10
that less rhan a quorum mac act to adjoum a meeung. Fach Delega[e shall have one�o[e.
e. �feetings ma} be held at anc loca�on designated in nouce properl} given for a
meedng and mac be conducted b�' telephonic or similar meuis in any mazmer othernise allowed
b� la�v.
9. O�ceis; Duaes;Officia!Bonds
a. Thz Board s17aIl eiec[ a ciiair and ��ce chau from aznong the Delegates at d�e
Board's annual meedng«ho shall sen�e a term of one (1) }'ear or until d�eir respecuve successor is
elec[ed. The chair shall conduct the meedngs oC the Board and pedorm such other duties u ma}
be specified bc resoluuon of[he Board. The�ice chair shall perform wch duues in che absence or
in[he e�•ent of the una�ailabilin of the chair.
b. The Board shall contract aimualle��ith RCRC to admi�vs[er the Agreemen[ and to
pro�ide adminisua[i�e senices to d�e Au[honnt and die President and Cluef Eaecuuve Otiicer of
RCRC sl�all sen�e er o�cio as Esuuave Dvector. Secreran�. Treas�rer, u�d �uditor oC rhe
Authorin. As chief esewu�e of [he Authonn�. d�e Ezecun�e Director is authorized to execute
. con[racts and other obligations oC the AuthonR�, uiiless pnor Board appro�al is required bp a third . .
pam-, by 1a�5�or by Board specificadon, and co pedorm other dudes specified b} rhe Board. The
Eiecuo��e Director ma} appoint such o[her o�cers as ma} be requued for the orderle conduct of
[he Authority's business and a(Tairs «'ho shall serve at the pleasure of the Ececuuve Director.
Subject to d�e applicable pro�isions of ain u�denture or resoluuon pro�iding for a ws[ee or other
fiscal agenC the Execud�e Director, az Treasurer, is designated as the custodian of the Authority s
funds, Irom nhatever source, and, as such, shall have [he po�vers, duoes and responsibdities
spec�ed in Secuon 6.i0�..i of the Acc The Ececua��e Director, as Auditor, shall have the poaers,
duues and responsibilides specified in Section 6.i0.i.� of[he Acc
c. The Iegislao��e Advocate tor the :luthorin shall be the Rural Counn'
Representatives of California.
d. The Treasurer and Audi[or are public o�cers«•ho have charge of, handle, or ha.e
access [o all propem' of ihe Authorin, and a bond for such officer in the amount of at least oue
hundred d�ousand dollazs (5100,000.00) shall be obtained a[ the expense of rhe AuthoriR and
filed «id� die Executi��e Directoc Such bond mac <ecure the faithful per�ormance of such
officers duues ���di respeci to another public office if such bond in at least the same amomit
specifically menoons the office of the Authonq as required herein. The Treasurer and Auditor
shall cause penodic u�dependent audits to be made of the Authonn�s bool:s by a cenitied public
accountan�or public accountan� in compGance«i[h Section 6.i0.i of the Acc
e. The business of the Aurhonn� sliall be conduc[ed under [he supenision of the
Execudve D'vector b} RCRC personnel.
10. Fxecuave Committee of rhe Aurhority
a. Comnosiuon
Resolution No. 2016-073
Paee No. 11
Tl�e Aud�onq shall appoinc nine (9) members of its Board to serve on u� Eaecuuve '
Committee.
b. Po�rers and I,imitadons
Tl�e Faecudve Committee shall act in .ui advisory capacity and make
recommenda�ons to d�e.�udioriq�Board. Duoes �vill include, but not Ue limited to, revie�c of the
quarterl} and. annual budgeu, senice as the Audit Committee for d�e Audiorin, periodically
re�ie�5' dus Agreemenr and compieie uiy od�er tasl:s as ma}� be assigried U}' d�e Board. The
Executive Committee shall be subject to all limitations imposed by �iis .Agreemen� other
applicable law,and resoluuons of die Board.
c. uorum
A majorin of the Esecutive Committee shall constitute a quorum for transacung
business oC d�e Execuu�e Committee.
11. Disposition of Assets
lipon termination of d�is ,9greement, all remaining asseGS and liabilities of d�e .Aud�ority
sl�all be distributed to die respecuve D4embers in such manner as sl�all be detemiuied by lhe
Board and ui accordance K�d�tl�e law.
13. Agreement Not Faclusive; Operarion in Jurisdiction of Member
Tlus Agreement shal] not Ue exdusive, and each n4ember espressly resen�es its rights to
carrp out other puUlic capital impro��emei�ts and programs as pro��ded for by la�v �id to issue
od�er obligetions for d�ose purposes. Tliis Agreeinent shall not be deemed to amend or alter tl�e
�erms oC other ay+reemencs among the D4embers or Associate MemUers.
13. Conflict of Interest Code
The Aud�oriq�shall b}'resolution adop[a Contlict of Interest Code as requued bp la�v.
14. ConIIibutions and Advances
Conuibuuons or ad�ances of public funds and of persomiel, eyuipment or propem� may
be made to die .Au�l�orin� U}' an}� Member, 9ssociate MemUer or any otl�er public agency to
further die purpose of diis Agreemei�L Payment oC public funds may be made to defray die cost of
u�y conaibu6on. Any ad�•ance ma}�be made subject Lo repayment, and in d�at case shall be repaid
in die manner agreed upon bp lhe adcancing Dlember, Associate Member or odier public agency
and tl�e Authority ai the twne of making�ie ade:u�ce.
15. Fiscal Yeaz;Accounts;Reports;Annual Budget;Adminish arive Expenses
a. 7'he fiscal year of the Aud�orin- shall be d'�c period from January 1 oI eacl� }�ear to
and including tlie follo���i��� December 31, escep�for any��artial ilscal ycar resulting Gom a change
Resolution No. 2016-073
Paee?`'o. 12
in accounting based on a differen[fiscal year pre�iousl}.
b. Pnor to the beguuting of each fiscal }•ear, die Board shall adopt a budget for the
succeeding fiscal pear.
c. The Au[horin' shall establish and maintain such funds and accom�u as ma� be
required b}'generallp accepted accounnng pnnciples. The bool:s and records of the Authorin are
public records and shall be open [o inspecnon a[ all reaso��able dmes by each \lember and irs
. representanves.
d. The Auditor shall either mal:e, or convact �+�th a cerufed public accountant or
public accoun[an[ [o mal:e, azt annua] audi[ of rhe accounis and records of d�e Authonq. The
minimum requirements ot the audit shall be d�ose prescribed b} the State Convoller for special
disu-icts under Secrion 26909 oE the Government Code of [he S[a[e of California, and shall
conforn� to geneallc accepted audieng standards. \\'l�en vi audit of accowits and records is made
b}' a certitied public accoun[an[ or public accountan[, a repor[ [hereof shall be filed as a pubGc
record�dth each \lember (and also«i[h the auditor of Sacramento Cotui��as the counn in�chich
the.�luthoriR s o�ce is located) �rithv� 12 months xfter the end of the fiscal}•ear.
e. Ii� an}• }ear ui «hich the annual budget of d�e Authoriry does not exceed fi�e
d�ousand dollars (S.i,000.00), d�e Board ma}�, upon unanimous appro�al oC die 13oard, replace d�e ,
amival audit uirh an ensuvig one-}�ear penod, but u� no eaent for a penod longer d�u� b��o Fiscal
��ears.
16. Duties of Members or Associare Dlembeis; Breach I
If am �fember or Associate �Iember shall detault ui pedorm'v�g ane covenuit contained
herein, such default shall not eacuse that \lember or Associate \Iember from fulfilling ics o[her
obligations hereunder, and such deEauldng Member or .�lssociate \4ember sl�all remain liable for
the pertormance of all covenanu hereof. Fach \fember or Associate \4ember herebp dedares
that dus Aa eement is entered into for die benefit of die Au[honR� created hereb}', and each
\fember or Associate Adember hereb} gru�cs to die Aud�orin the right to ei�force, b} «hatever
la�dul means the Aud�onn� deems appropnate, all of die obligations of each of [he parties
hereunder. Each and all of the remedies gi�en to the Aud�oriq hereunder or b}'anc la« no« or
hereafrer enacted aze wmulatire, and the exercise of one nght or remedy shall not impau the right
of the Authonn [o an} or all ocher remedies.
17. Indemnificarion
To the full extent permitted b} la�v, die Board may aud�orize indemn�canon bc the
Audiorin'of an} person �aho is or«as a Board Delegate, altemate, oETcer,consultan� employee or
other agen� of d�e Authorin�, and who «as or is a parq� or is d�rea[ened [o Ue made a pam� to a
proceeding bp reason of die fac[ [ha[ such person is or ��as sud� a Dele�te, alternate, officer,
consul[any emplopee or od�er agent ot[he Aud�orin. Suc6 u�demn�caoon ma} be made agavis[
ezpences, jud�men[s, fines, senlemen� and other amoun� acmall}' and reasonabh' incurred in
connection «idi such proceeding. if such person acted in good faidi and in a manner such per>ou
reasonablc believed to be in die bes[ interes�s ol tlie Audionn� uid. in die case of a mminal
Resolution No. 2016-073
Page No. 13
proceeding, had no reasonaUle cause to believe lus or her coi�duct �+•as uiila�M1fu] and, in die case of
an action bc or u� d�e nght of die.°,udionh�, acted kidi such care, includv�g reasonable inquirv, as
an ordinaril}'prudenc person in a like position would use under sunilar circumstances.
18. Immunities
All of the pri�ileges and i�nmunities from ]iaUilities, esempuons from ]aw, ordinances and
rules, all pension, relief, disabilit}�, �vorkers' compensarion and od�er benefits �diich appl}' [o d�e
acti��iq� of oCficers, agenrs or employees of any of the n9emUcrs or Associate D4embers when
pedomivig their respective functions, shall apply to them to d�e same degree and ex[ent «•liile
engaged as Delegates or od�en+ise as u� ofiicer, agen[ or odier representative of d�e Aud�onn or
�rlule engaged in d�e pedormance of u�y oF cheir functions or duues under d�e pro�isions of dus
Agreemen�
19. Amendment
Tliis Agreement ma}� bc .miended Uy d�e adoption of il�e amendment by d�e governu�g
bodies oC a inajontp of tlie nlembers. The ameudment shall Uecome effective on d�e 5rst daq oC
the montli follo�5�ng tl�e last required member agency appro�aL An ainendment may be initia[ed
by die Board,upon approval U}�a majority of d�e Board. Any proposed amendment,including the
text of the proposed change, shall be giveu Uy the Board to each D4einUer's Delegaie for
presentauon utd ac6on by each !�9emUers board �5itlun 60 days, �vluch time ma}' be extended by
die Board.
The list of '�4embers, Attaclunent 1, may be updated [o reflect new and/or wiil�drawn
• D4embers �rid�out requuing formal amendment of the A�,�eeme��t by Q�e Authoriry Board of
Directors.
20. Withdrawal of Member or Associate Member
If a \lember «id�dra�vs as member of RCRC, its memUerslup in d�e Aud�onq� shal]
automaticallp tenninate. :A D1emUer or .Associate D4ember may �+ZQ�dra��� Irom Qus .Agreement
upon �5ritten notice to the Board; pro��ded lio�ve��er, d�at no siich �+rithdn«al shall result in d�e
dissoluuon oC the 9ud�orit}� as long as an�� Bonds or od�er oUGgalions of the Autl�ority remav�
outsta��ding. .°.ny such wididra�+�al shall become etfecti��e thirty (30) days after a resoluuon adop[ed
bp the nleinber's govemu�g body wluch audiorizes �vitl'idra�val is recei��ed by d�e Aulhoriq�.
Nonvitlistanding d�e foregoing, ai�y termi��aoon of inembership or wid�drawal Crom die Aud�oriq�
sl�all uot operate [o relieve uiy terminated or �a�thdrawing Dlcmber or .Associate �4ember from
OUligauons incurred b} such terniu�ated or �+ithdra«vig D9ember or Associace \4emUer prior to
tl�e uine oC its temiinauon or��Ztlidra�t•al.
20. Miscellaneous
a. Countcrpazts. This A�eement ma}� be eacculed in several counterparts, cach oC
�rhich shall be an origin;il and all of�1-ltich shall constitute l'�uL onc and H�e same instrument.
b. Consrrucuon. 7'he secdo�� headings l�crcin are for com-enience onl}•and are not io
Resolution No. 2016-073
Paee No. 14
be conswed a_<modifiv�g or governing che language in [he secnon refeaed to.
c. 9.ppro�als. \4�here��er u� dus Agreement anc consent or appro�al is required, die
same shall no[be unreasonabl� i��rhheld.
d. Jurisdicrion;Venue. This Agreement is made in [he State of California, under d�e
Constimtion and la�s of such State and is co be so conswed; an} acdon to enforce or interpret its
[erms shall be brough[in Sacramenco Counn, California.
e. Integrauon. Tfvs Agreement is the comple[e and exdusi�'e statement oC d�e
aa eement among the panies here[o, and it supersedes and merges all pnor proposals,
understandings, uid od�er agreemencs, �vhether oral, «•rinen, or implied in conduc� benceen u�d
aznong die parties rela[u�g to die subjec[maner of dus Agreemenc
E. Successoa;Assignment Tlus Agreemen[ shall be bu�du�g upon and shall inure [o
die benefi[of[he successors of the paroes here[o. Eccep[[o rhe ea[ent espressh�pro�ided hereu�,
no�fember ma} assign an}�nght or obli�[ion hereunder«�d�out[he consent of the Board.
g. Severability. Shnuld an} par[, term or pro�ision of[his Agreemen[ be decided by
the courts to be illegal or in conflict «ith am• la«• of d�e S[a[e of Califomia, or othen5�se be
rendered unenforceable or inefTecmal, die ��alidin of �he remaining parts, terms or pro�isions
hereof shall no[be affec[ed dtereb�.
7�he pames here[o ha�e caused this Agreement to be e�ecuted azid aaested b�� rheir properl}
authorized oEticers.
AS.�1DOPTED Bl'THE\1E\9BERS:
Originall} datedJul}� I, 1993
.�Unended and resta[ed December 10, 1995
Amended and restated Februan' 1S. 1999
rUnended and restated September 18, 2002
.�nended and resta[ed Jaimar� 4S, 2004
Acnended and restated December 10. 2014
�S1G1\v1 TLiR£S OTr FOLLO L47_�\'G P.9 GFS�
Resolution No. 2016-073
Page No. I S
ATTACI-IMENT 1
CALIFORIQLh HOME FINANCE AiJTHORI'I'Y MF.A�ERS
As of December 10. Q014
Alpine Counrv
.Amador Counn�
� Butte Counq�
l,alnveras Counn�
Colusa Counn�
Del Nwte Counn
El Dorado Counn
Glenn Cou��n�
HumUoldt Counn
Imperial Cou��n
Inyo Com�ty �
Lake Counn
lassen Counn�
nladera Counq .
Dlariposa Counn
D4endocino Count}�
D9erced Counry
D4odoc Counry
T4ono Counn�
A'apa Counq�
I�'e�ada Counn-
Placer Counq�
Plumas Count�
Sa�i Be�uto Cou��ty
Shasta Counn�
Sierra County
Sisl:iyou Counq�
Sutter Count}�
Tel�ama Cow�t�
Trini[}�Counn,,
Tuolumne Counq�
Yolo Counq�
Yuba Counq�
Resolution No. 2016-073
Paee I�'o. 16
SIG\'ATLT2E PAGE FOR NE��'ASSOCL4TE r�r�IBERS
NAME OF COUI�'TY OR CI7-]':
CITY OF CHULA VISTA
B��:` ✓
(/
Man�Casillas Salas
Title: r9avor
Dated: s �L— / G
Attest:
B}'
[Cin•Clerk]
APER ED AS TO FORA :
�
,'�
� •Atto �ev