HomeMy WebLinkAboutReso 2016-074 RESOLUTION NO. 2016-074
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHUL.A VISTA COI�'SEI�TTIi�'G 7�0 II�'CLUSIOI�' OF
PROPERTIES �1'ITHII�' THE CITY'S JURISDICTION II�' THE
CALIFORI`TIA HOn4E FII�'ANCE AUTHORITY PROGRAM TO
FII�?ANCE REh'EN'ABLE ENERGY GEI�'ERATION. ENERGY
AI�TD �'�'ATER EFFICIENCY IMPROVEMEI�'TS AI�'D
ELECTRIC VEHICLE CIIARGII��G INFRASTRUCTURE AND
APPROVING ASSOCIATE MEMBERSHIP II�' THE JOII�'T
EXERCISE OF POVJERS AUTHORITY RELATED THERETO
WHEREAS. the Califomia Home Finance Authoritv. doine business as Golden State
Finance Authorit}�, (the "Authorit}�`) is a joint exercise of po��ers authorit}� established pursuant
to Chapter 5 of Division 7, Title 1 of the Go��emment Code of the State of Califomia (Section
6�00 and follo��ing) (the "AcY') and the Joint Po���er Aareement entered into on Julv 1. 1993, as
amended from time to time (the "Authority JPA"); and y
WHEREAS, Authority has established a propem�-assessed clean energy (`PACE")
ProQram (the "Authority PACE Program `) to pro��ide for the financing of renewable enere��
generation, energv and �i�ater efficiency improvements and electric ��ehicle chazeing
infrastructure (the "Improvements') pursuant to Chapter 29 of the Impro��ement Bond Act of
1911, beine Division 7 of the Califomia Streets and High���ays Code ("Chapter 29") within
counties and cities throuohout the State of Califomia that elect to participate in such progam;
and
R'HEREAS, Citv of Chula Vista (the "Cit}� `) is committed to development of renewable
enere}� eeneration and energ�� and water efficiency improvements. reduction of greenhouse
eases. and protection of the en��ironment; and
��1'HEREAS, in Chapter 29, the Le=islature has authorized cities and counties to assist
property ow�ners in financine the cost of installing Improvements through a ��oluntarv contractual
assessment proeram; and
WHEREAS, installation of such Improvements by property o«�ners H�ithin the
jurisdictional boundaries of the counties and cities that are panicipatine in the Authority PACE
Program would promote the purposes cited abo��e; and y
WHEREAS, the City ��ishes to pro��ide inno��ative solutions to its propertv o�mers to
achieve energ�� and ���ater efficiencv, and in doine so cooperate �vith Authorit}� in order to
efficienth and economicall�- assist propem� o«mers ���ithin the Cit�� in financins such
Impro��ements; and �
WHEREAS. Authorit�� has established the Authorirv PACE Proaram. ���hich is such a
voluntan� contractual assessment proeram, as permitted b�� the Act, and the Authority JPA,
oriainallv made and entered into Julv l. 1993. as amended to date, and the Citv, desires to
become an Associate ]�4ember of the JPA as pro��ided bv the JPA Aereement. a cop}� of which is
attached as Eshibit "A" hereto, in order to participate in the programs of the Authoritv and [o
assist property o�vners ��ithin the jurisdiction of the Cit}� in financing the cost of installing
Impro��ements; and
Resolution No. 2016-074
Page No. 2
WHEREAS, to protect the City in connection with operation of the Authority CFD No.
2014-1, Ygrene Energy Fund California LLC ("Ygrene"), the administrator of Authority CFD
No. 2014-1, and the Ciry will enter into an agreement providing for the defense and
indemnification of the City, its officers and employees from claims arising from the Authority
CFD No. 2014-1 as well as coverage of the City under certain insurance policies as an additional
insured; and
WHEREAS, the City will not be responsible far the conduct of any assessment
proceedings; the levy and collection of assessments or any required remedial action in tbe case of
delinquencies in the payment of any assessments or the issuance, sale or administration of any
bonds issued in connection with the Authority PACE Program.
WHEREAS, pursuant to the Authority JPA, 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, the City Council of Chula Vista does hereby resolve that:
L This City Council finds and declares that properties in the City's incorporated
area will be benefited by the availabilify of the Authority PACE Program to finance the
installation of the Improvements.
2. This City Council consents to inclusion in the Authority PACE Program of all of
the properties in the jurisdictional boundaries of the City and to the Improvements, upon the
request by and voluntary agreement of owners of such properties, in compliance with the laws,
rules and regulations applicable to such program; and to the assumption of jurisdiction 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 PACE Program and authorizes
Authority, upon satisfaction of the conditions imposed in this resolution, to take each and every
step required for ar suitable for financing the lmprovements, including the levying, collecting
and enforcement of the contractual assessments to finance the Improvements and the issuance
and enforcement of bonds to represent such contractual assessments.
4. This City Council hereby approves joining the JPA as an Associate Member and
authorizes the execution by appropriate City officials of any necessary documents to effectuate
such membership.
5. Ciry staff is authorized and directed to coordinate with Authority staff to facilitate
operation of the Authority PACE Program within the City.
Presented by Approved as to form by
/ � �
ric C. Crockett len R. G ogins
Director of Economic Development City orney
Resolution No. 2016-074
Paee I�'o. 3
PASSED. APPROVED. and ADOPTED b� the Cin� Council of the Citv of Chula Vista.
Califomia. this ]Oth da�� of Mav 2016 b�� the follo���ine vote:
AYES: Councilmembers: Aeuilaz. Bensoussan. Miesen. and Salas
NAYS: Councilmembers: None
ABSEI�'T: Councilmembers: McCann
;�,� �
Marv las. Ma�or
ATTEST:
��� � ��
Donna R. Norris. Ci�vIC��Clerk
STATE OF CALIFORI�'IA )
COU`I�'TY OF SAN DIEGO )
CITY OF CHLJLA VISTA )
I. Donna R. Noms. Cit�� Clerk of Chula Vista. Califomia, do herebvi certifi� that the foreeoine
Resolution No. 2016-074 was dul�� passed, appro��ed, and adopted by the Citv Council at a
regular meetin� of the Chula V ista Cin� Council heid on the l Oth day of Ma�� 2016.
Executed this l Oth dav of Mav 2016.
(�
Donna R. I�'orris. CMC_ Cin� Clerk
Reso�t4d�i'��i g{�1�-074
Paee I�'o. 4
CALIFORIvLS HOME FLNrLNCE ALITHORTTY
AME.��ED AI��RFSTATED JOINT EXERCLSE OF PO�'��RS AGREEME.�T
(Original date Jul}� 1,- 1993 and as las[amended azid restated December 10, `1014)
THIS �A�\�ED ?�\'D RFSTATED JOL�T ��ERCISE OF PO\iERS AGREE\fEV'C
('Agreeinent') is eatered in[o b� �,u a��ung the coundes lisced on AQachment 1 hereof and
incorporated herein b} reference. .�1ll such coundes are referred [o herein as "�4embers" airh rhe
respecnve powers,pmileges and resvicnons pro�ided hereui.
RECTT.�IS
�. �'�'-HF.REAS, die Califonua Rural Home D1or�gage Finuice Audionn- ('CRH.�IF_1`) �ras
creaud b� a Join[Exercise o!Po�vers Agreemen[da[ed Julp 1, 1993 pursuant to d�e Joint Eaercise
of Po«�ers Acc (comme��cing «i[h Ar[ide 1 of Chap[er � of Di�ision 7 of Tide 1 oC d�e
Govemmen� Code oC d�e Sta[e of Cali(onua (d�e °Act`). B} Resoluuon 2003-02, adopced on
Januan l,i, 2003,[he name of the authorin aas changed to CRI-L'�4FA Homebuyers Fund. The
mosc recen[amendment to rhe Join[Fxercise of Po�vers Agreement«as on Januan 2S, 2004.
B. \�Z-IER��1S, rhe :�lembers of CRH:�4FA Homebuyers Fund desire to update, reaffirm,
clanfi u�d re�ise certain pro�isions of die join[ powers agreemen� including d�e renaming of rhe
joint po«ers authoriR,as set forth herein.
C. \�7IEREIS, [he D4embers are each empo�vered b} Ia�S� co finance die construcbon,
acquisieon, unprovement and rehabilitation of real propern.
D. �4'I-IFREAS, by[his Agreement, d�e \lembers desire to crea[e and establish a joint po�5�ers
authonn to exercise their respectire powers for the piupose of financuig d�e conswction,
acquisi[ion, impro��ement and rehabilita[ion of real propem �+�t}un the jurisdicdon of[he Au[honn
as authorized bv the.1cc
\'O\�'. THEREFORE. in considera[ion of the mumal covenants contau�ed herein. d�e �lembers
u�di�iduallv and collecu�e]} agree as follo«�s:
1. Definiuons
linless the con[est od�en�ise requues, the follo«�ing [erms shall for purposes of dus
Agreemen[have rhe meanuigs specified belo�c:
"Act" means the Jou�[ Exercise of Po�vers Acy commencing�sith Arpde 1 of Chap[er � of
Di.ision 7 of Tide 1 of[he Go�emmen�Code of[he Sta[e of Califonna. v�cludii�g the \4ar1s-Roos
Local Bond Pooling Ac[of 195�, as amended.
"Agreement'meu�s dus Joint Exercise of Powers Agreemen� as die same no�t esisa or as it
mac from tvne to ume be amended :Li pro�ided herein.
�_ZOI 6 - 0�3
� ��6 - o� �f
Resolution No. 2016-074
Paoe No. 5
"Associate Member" means a counq�, ciq� or other public agency �a�luch is noc a vo[ing
member of d�e Rural Counq� Representarives of Califomia, a California nonprofit corporauon
("RCRC"), kidi legal power az�d audiorin� similar to diat of d�e A4embers, admitted pursuant to
paragraph 4.d. below to associate memberslup l�erein by��ote of the Board.
"Audit Committee" means a comminee inade up of the iune-member Eaecutive
Commi¢ee.
'Authority" meuis Califonua riome Fui:u�ce .�uthoriq ("CHF°), formerly l:no«�� as
CRHA4FA Homebuti�ers Fund or Califomia Rural Home D4ortgage Finance Audiorit}.
"Boazd"means d�e go��erning board of d�e Aud�odq�as descriUed 'u� Secuon i below.
'Bonds' means Uonds, notes; �+•arranLS, leases, ceruficates of participation, installment
purdiase agreements, loui agreements and odier securiues or obligations issued U}�d�e Audiorii},
or fmancu�g agreemenu ei�tered inco by the Audioriq�pursuant to die Act and uiy od�er obligation
�+�Qun Q�e meanu�g of d�e tern� "Bonds"under d�e Ac�
`Delegate" means tl�e Supenisor designated Uy the go��enung Uoard of each D4emUer to
sen�e on the Board of d�e Aud�oriq�.
°FxecuWe CommitIee" means tl�e nine-member Executive Committee of the Board
estaUlis6ed pursuant to Secdon 10 hereof.
"Membei meazis any cowiq� wlvcl� is a member of RCRC, has executed this Agreement
and has becane a member of d�e Audioriq.
"Obligations" meaiu Uonds, ��otes, warrants, leases, ceruficates of p:vticipation, installment
purd�ase agreements, loan agreements and other securities or obligations issued by the Aud�ority,
or fmu�cuig agreements entered into by die Audioriq� pursu:u�t to d�e Act and any od�er financial
or]egal obligado�� of die.9ud�orih�under die Ac�
"Progrdm" or "Projec�' means any �vork, improvement, prograin, projec[ or sen�ce
undertal:en by die.Aud�oriq�.
"Rural Counry Representatives of California" or "RCRC° means d�e nonprofit entiry
incorporated under tl�at name in d�e State of Califorriia.
°Supervisor'meai�s an elec[ed Count}�Supemisor from an RCRC member count}.
4. ftirpose
"f'he purpose of d�e Aud�ont7* is to proaide fioancing for die acquisitiai, consa-uction, ,
improremenl and rel�abilitauon of real properq� in accordance �a�ilh applicable provisions of la�v
for the benefit of residen�s and com�uuniues. In pursuit of tivs purposc, tlus Agreement pro�ides
for tl�e joint e�ercise of po��°ers common to ai�y of its Members a��d .�ssociate Members as
pro�ided herein, or otliencise aud�orized by tl�e Acl and otl'�er applicable la�vs, including assisang
Resolution No. 2016-074
Paee No. 6
in financing as aurhonzed herein,jou�d� exercised in d�e manner se[fonh hereu�.
3. Principal Place of Business
The pnncipal ofTice of die .luthonn shall be 141� Ii Stree� Suite 16,i0, Sacraznen[o,
Califomia 9.i814.
4. CreaIIOn of Authorin;Addirion of r4embe� or Associate?vfembers
a. The Aurhonn is hereb} created pursuant to d�e Act .1s pro�ided ui [he Act, die
Aurhong shall be a public entip separate and disnnct Gom d�e '�4embers or Associate \Iembers.
b. The Authonq �cill cause a nooce of this Agreement or an} amendment hereto to
be prepared and filed �5�d� d�e office of rhe Secreran� of State of California v� a dmelc fashion in
rhe mazmer set forch u� Secdon 6�03.3 of d�e Act
c. A counn tha[ is a member of RCRC ma} peerion to become a member of rhe
Audionn b} submimng to [he Board a.resolution or e�idence of orher formal acuon tal:en b} its
goveming bod} adop[ing this .�greemenc The Board shall re�ie�s the peduon tor membership
and shall vote to approve or disappro�e rhe pedtion. If the peution is approved be a majoniy of
the Board, such co�nn shall irnrr�ediatek become a\iember of[he Authorin.
d. An Associate �fember ma} be added to the Aud�onR upon the aft�irmative
approval of its respec[ive go�eming board and pursuan[ to ac[ion b} the Authonn Board upon
such cerms and condidons, and �5ith such rights, pri�ileges and responsibilides, as may be
established from rime to time be the Board. Such terms and condidons, and nghts, pri�ileges and
responsibilides may �ary among the Associate \4embers. Assoclace \4embers shall be entided to
par[icipare in one or more progr-ams of die .Aud�on� as deterznuied b} d�e Board, but shall not be
�'oting members of the Board. The Fxecudve Duector of the Authonq� shall enforce the terms
azid conditions for prospecave .�ssociate \4embers ro [he Aud�onn as prodded by resolurion of
the Board and as amended from [ime [o nme b}'the Board. Changes ui die [enns and conditions
for Associace Dlembership b}'the Board«•ill not wnstimre u� amendment of this Agreemenc
5. Term and Term;nar;on of Powers
This .�greemenc shall become eftec[i�e from the date hereof un[il [he earlier of the time
�vhen all Bonds and an�� interes[ [hereon shall ha�e been paid in full, or pro�ision for such
papment shall have been made,or«�hen die Aurhong shall no longer o�sn or hold anc u�terest u� a
public capi[al unpro�ement or program. The Authoriq� shall con[i�ue to esercise the powers
herein conferred upon ie until termuiation of this Agreemen� ezcept that if an} Bonds aze issued
and deli�ered, in no even[ shall the eaercise oC the po«°ers herein gian[ed be temiuiated until all
Bonds so issued u�d delicered and the u�reres[diereon shall ha�e been paid or pro�ision for such
pa}nient shall ha�e beei� made u�d an} od�er deb[ incurred ��i[h respect to anc odier fmancu�g
proaram established or admuiis[ered bc d�e Authorin has been repaid ui full and is no longer
ouutanding.
6. Po�sers; Restriction upon Faercise
Resolution No. 2016-074
Page No. 7
a. To efTecNaie its purpose, the 9ud�onq�shall have tl�e power to eaercise an} and all
po�ti�ers of d�e D4embers or of a joul[ powers aud�onri� under d�e Act and orher appGcable
pro�isions of law, subjec� howe�-er, to d�e condiuons and restrictions hereu� contau�ed. Each
D4ember or Associate?�lember map also separately exercise an5�and all such powers The po«�ers
of d�e.Suthodc��are limited to those of a generzl law counry.
b. The Aud�orit}�ma}'adopt,from Rme to dme, such resoludons,guidelu�es, rules azid
regulations for d�e conduct of its meenngs and the acd��ties of d�e Audiont}- as i[deems necessac}'
or desirable to accomplish ics purpose.
c. The Aud�oriry shall have the power to finance tlie construction, acquisirion,
improvement and rehabilitauon of real properq•, includu�g die pow�er to purchase, �tith rhe
amounts received or to be received b}'it pursuuit to a bond purchase agreement, bonds issued b�
an}�of irs A4embers or Associate�lembers and od�er local agencies at public or negotiated sale, For
d�e purpose set ford� herein u�d ui accordazice wi�i die Act. All or any part of such bonds so
purchased may be held by d�e .Aud�ority or resold to public or private purcl�asers at puUlic or
negotiated sale. The Authonti� shall set any o(her terms and conditions of any purchase or sale
contemplated herein as it deems necessan� or convenient and ui furdierance of d�e Act The
Aud�onq� may issue or cause [o be issued Bonds or od�er indebtedness, and pledge az»� of irs
propem� or re�enues as secunty to d�e extent permitted by resoluuon of d�e Board under u�y
applicable pro��sion oI]a�v. The .Aud�onry may issue Bonds in accorduice wid� die Ac[v� order
to raise funds necessar}� to effectuate its purpose herew�der and may enter into agreemenu to
secure such Bonds. The Authoriq�may issue other forms of indebtedness authorized by d�e Act,
and to secure such debt,[o fiuther such purpose. Tl�e Authority may utilize od�er forms of capital,
including, but not limited [o, the Audionq�'s in[erual resources, capital inarkets and other fonns of
pm�ate capital in�es�nent aud�onzed by the Acc.
d. The 9ud�ority is hereby aud�odzed to do all acu necessary for the exercise of irs
powers, including, but not limited to:
(1) eaecutv�g contracu,
(2) emplo}vig agen�s, consulhants azid employees,
(3) acquuing consWCbng or providu�g for main[enance and opecation of an}-
buildi��g,work or improvement,
(4) acquiring, holding or disposu�g of real or personal propert}� wherever
located, induding properi}�subject to mortgage,
(5) incumng deUu,liaUilities or oUGgabons,
(6) recei.-u�g gifrs, contribuoons and donations of properq�, funds, sen•ices and
an} other fornis of assistance fro�n persons, firms, corporarions or
govemmental entities,
(i) suing u�d beu�g sued in its o�n� name, and lia�ang or setllulg anv suits or
claims,
(8) douig anp and all things necessuy or com�enient Lo tl�e esercise of iu
specific po�vers and to accomplisliing i�s purpose
(9) eslablishin� and/or adnvnistering dislricts Lo finance and reCmince die
acquisition; inst��llalion vid impro��emenL of energy e�cienc}�, ��-acer
Resolution No. 2016-07�
Paae No. 8
consenation and rene�table energ} impro�emenrs to or on real propem
and in buildings. The Authonn ma} encer into one or more agreemena,
including «ithou[ limita[ion, parvcipation agreemenrs and implementaaon
agreements[o implement such programs.
e. Subject to d�e app6cable pro�isions of an� indenture or resoluuon pro�iding for the
im es[ment of monies held thereunder, the Aurhonn shall have die po�cer to im'est am of its funds
a� d�e Board deems ad�isable, in the same manner and upon rhe same conditions as local agencies
pursuant to Section�36G1 of the i,o.enunen[Code of d7e State of Califomia.
f. All propem, eqtupmen[, supplies, funds and records of rhe Au[honn� shall be
o«ned b}� die Authoriq, except as ma} be pro�ided othernise herein or b} resolution of d�e
Boud.
g. Pursuant to d�e pro�isions of Secuon 6508.1 of the Ac� die debts, liabilities and
obligadons of the A�d�onq� shall not be debu, liabilides and obliganons of the \lembers or
9ssociate Dlembers. .�Ln Bonds, rogether «i[h anp inrerest and premium rhereon, shal] no[
co��sdmte debts, liabilities or obligations.of ain \lember. The \lembers or Associa[e \lembers
hereb} agree tha[anc such Bonds issued b} d�e :�ud�orin shall no[cons[imce general obligadons of
the Aurhonn but shall be pat•able soleh from the mone}s pledged co[he repa}ment oC principal or
v�terest on such Bonds under die terms of d�e resoludon, indei�mre, ausL agreemen[ or o[her
uistrument pursuant to �chich such Bonds are issued. \'either the �lembers or P,ssociate
\lembers nor the Aud�orin shall be obGgated to pae rhe pruicipal of or premium, $ a�m, or
u�terest on the Bonds, or other costs incidental thereto, except from the re��enues and funds
pledged d�erefor, and neither rhe fairh and credit nor die tazu�g power of rhe �fembers or
Associate �lembers or d�e Authorin' shall be pledged [o d�e pa}ment of the principal of or
premium, if an}�, or in[erest on d�e Bonds, nor shall d�e \4embers or Associate \4embers of d�e
Authoriq be obligated 'v� an} manner to mal;e an} appropriauon for such pa}Tnen� \'o co�enan[
or agreement conrained in an}- Bond shall be deemed to be a co��enant or agreement of any
Delegate, or am ofTcer, agent or emplo}ee of die Aud7onri� in an indiridual capacin, and neid�er
the Board nor any o�cer thereof execuung the Bonds or an} document related thereto shall be
liable personally on an�� Bond or be subject to an} personal liabilin'or accountabilin�b} reason of
rhe issuance of an� Bonds.
7. Goveming Boazd
a. The Board shall consist of the immber of Delega[es equal co one representati�e
from each\4ember.
b. The go�emu�g body of each Alember shall appoin[ one of irs Supenisors to sene
as a Delegate on d�e Board. 9�4ember's appoivmiei�[of irs Delegate shall be deli��ered in«riang
(�chich may be b}-elecvonic mail) to rhe Authorio-and shall be effec[ive unnl he or sl�e is replaced
bc sucl� govemu�g bodc or no longer a Supenisor; an}' �'acanc} shall be Glled bc rhe governuig
bod} of die \-Iember iu d�e same manner pro�ided ui dus paragraph b..
c. The eoverning lwd�'of each \fember of d�e IIoard shall appoint a Supenisor a< ui
alcemate to sene on �ie Board in die absence of die llele�te; die alternate �na�e�ercise all die
Resolution No. 2016-074
Page No. 9
nghu uid pri�ileges of die Delegate, u�cluduig il�e nght to be counted u� constituting a quorum, to
participate in d�e proceedings of the Board, and to ��ote upon an}� ��d all matters. No altemate
ma}' have more dian one ��ote at az�y meeting of die Board, azid an}� n4ember's designabon of u�
alternate shall be deli��ered in wri�ig (wluch may be by elecffonic mail) to die Aurhorit}�and shall
be effecuve until snch altemate is replaced by lus or her go��eming body or is no longer a
Supendsor, unless odzerr�2se spec�ed in sucl� appoinhnent Any vacu�cy shall be filled by the
governuig bod} of tl�e D4ember in die same maimer provided in dus paragraph c..
d. _�iy person �rho is not a member of d�e govern'uig Uodp of a NlemUer and who
attends a meedng on behalf of sudi D4ember may not vote or be counted to�a�ard a quorum Uut
map, at tlie discre6on of die Chair,participate in open meetings he or she attends.
e. Eacl� Associa�e Dlember ma}' designate a non-votu�g representad�-e to die Board
wlio may not be counted to�+�ard a quorum but who may attend open meedngs, propose agenda
items and otl�envise parncipate in Board Meetuigs.
C Delegates sl�all not recei��e compensadon for sen2ng as Delegates, bat may claun
and receive reimbursement Cor eapenses acwally incurred in connecdon ��di sucli seroice
pursuant[o rules approved by the Board u�d subject to die availabili�y of funds.
g. Tl�e Board sl�al] have Che power, by resolurion, to ll'�c ex�ent permitted by the Act
or any other applicable law, ro esercise any powers of die Aut6ority and to delegate any of its
functions to fl�e Executi�e Committee or one or more llelegates, officers or agents of d�e
Aud�ority, and to cause an}�_aufl�orized Delegate, officer or agent to take any acoons and eaecute
airv documents for and u�tl�e nazne and on behalf of fhe Board or the Authoriq�.
h. The Board map estabGsh sucl� commitlees as it deems necessary for an}� la�vCul
purpose; sucl� comnuttees are advisoq� onlV ��d may not act or purporC to act on bel�alf of d�e
Board or tl�e Audionq�.
i. Tl�e Board shall develop, or cause to be developed, and re�2ew, moclify as
necessar}, and adopt eacl� Program.
8. MeeRngs of the Boud
a. The Board sl�all meet at least once ammally, but may meet more frequently upon
call of anp of}icer or as provided Uy resoluoon of tl�e Board.
b. D4eedngs of tl�e Board sliall be called, nobced, l�eld and conducted pursuuit co d�e
pro�2sions of d�e Ralph M. Bro«m Acr, Chapter 9 (commencuig widi Section 54950) of Par�I of
Di�ision 2 of Tide 5 oC d�e Government Code of d�e State of California.
c. The Secreiaq� of d�e Aud�oriq� sl�all cause ininutes ot all mee��gs of tl�e Board to
be taken and distribuied ro eacl�Dleinber as soon as possible after each meeting.
d. The lesser of hvelve (12) Delegates or a majorit}� of d�e numbcr oC current
Delep tes shaLl consum�e a quorum Cor transacting business at a��}� meeiing of t�l�e Board, escept
Resolution I�TO. 2016-074
Page I�'o. 10 �
rha[less than a quonun ma} ac[to adjourn a meedng. Fach Delegate shall ha�e one�rote.
e. D4eedngs mac be held a[ anc lontion desi�ia[ed ui nonce properl}� g�en for a
mee[ing uid ma� be conducted b} telephonic or sundaz means in an} manner othernise allowed
bv la«.
9. Officeis;Duues;Offiaal Bonds
a. The Board sltall elect a chair and �ice chair from among rhe Delegates at the
Boazd`s annual meenng�vho shall serce a term of one (1) ��ear or unril rheir respecu�'e successor is
elected. The chair shall conduct the meetings of the Board and pedorm such other duties as ma}-
be spec�ed b� resoludon of rhe Board. T7�e�ice chair shall pedorm such dunes u� the absence or
in rhe e�en[of rhe iuia�ailabilin'of the chair.
b. Tl�e Board shal] conQact azmuall} «ith RCRC to administer the Agreement and ro
pro�ide admiiustrad�e senices to die Authonn, and [he President and Clvef Execunve Officer of
RCRC shall seme er o�cio as Execudve Director. Secreran. Treasurer. and Audimr of the
Aurhonh�. As cluef eaecud.e of the Aud�orin. the Execuuve Duector is authorized to execute
convacts and other obGgations of[he Aud�onn, unless pnor Boazd appro�al is required bc a diird
pam, b} la�v or b} Board spec�cation, and [o pedorm orher duties specified b}' [he Board. The
�xecuti�e Director ma} appoinc such od�er ofTicers as ma} be required for the orderl} conduc[ of
the Authority's business and afTairs «ho shall sene at d�e pleasure of the &aecuti�e Director.
Subject to the applicable pro�isions of u�y indenhue or resolution pro�iding for a vus[ee or od�er
Gscal agenc the Eiewtive Direc[or, as Treasurer, is designated as rhe cus[odiui of rhe �uthorirv-s
funds, from whare�er source, and, as such, shall hace d�e po«ers, duues and responsibilities
specified in Section 6�0�.� of the Acc The Esewe�e Director, as Auditor, shal] have the powers,
duties and responsibilities specified in Secnon 650.i.� of rhe Ac�
c. The Legislati��e Advocate for the Aud�onp shall be the Rura] CounR
Representatives of Califonua.
d. The Treasurer and Auditor are public o�cers �vho have charge of, handle, or ha�e
access to all propem• of d�e Aurhonq�, and a bond for sucli officer in rhe amoun[ of a[ least one
hundred thousand dollars (5100,000.00) shall be ob[ained at [he expense of the Authong uid
Filed �5irh rhe Execunve Director. Such bond ma} secure the faithful performance oE such
officer's dunes �ddi respect ro another public ofTice if such bond in at least the same amount
specificall}' mentions the ofIice of the Authonn as requued herein. The Treasurer and Auditor
shall cause periodic independent audi[s [o be made oi[he Authonn's bool:s b} a cerdfied public
accountanL or public accountanL in compliance«ith Secdon 6�0�of the Act
e. The busv�ess of the Authonn shall be conducted under d�e supenisioi� of die
Fsecoo�'e Direcror bc RCRC personnel.
10. Faecuti��e Committee of the!luthority
a. Comnosition
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Page No. 11
Tl�e Aud�ont��sl�all appoint nuie (9) members of iu Board to serve on an Esecutive
Conunitiee.
b. Powers u�d I.imitations
Tl�e Executive Committee shall act u� az� advisory capaciry azid make
recommendations to die.Authoriq�Board. Duties will include, buY not be limited to, review of the
quarterly and annual budgeu, service as d�e .�udit Committee for tl�e .Aud�onq�, periodically
re��ew dus Agreement; and complete any otl�er tasl:s as ma} be assigned by the Board. The
ExecuRve Coinmitree shall be subject to all linulauons imposed by tlus Agreement, odier
applicable 1a�5�,and resolutions of d�e Board.
c. uorum
A majon�� of d�e Esecuove Com�nittee shall constitute a quorum for transacting
busuiess of d�e Execudve Committee.
11. Disposition of Assets
Upon tennu�ation of tlus 9greement, all remaining assets and liabilities of die Authorig�
shall be distributed to d�e respective MemUers in sud� manner as shall be deterrruned b}� die
Board uid ui accordance wid�die law.
14. Ageement Not Feclusive;Operalion in Jurisdiction of Member
Tlus Agreement s6a11 not be exdusive, and eacli D4ember expressly resen�es iu rights to
carry out od�er public capiral improvemenrs and progams as pro��ded for by law and to issue
otl�er obligations for$�ose purposes. Tlus Agreement shall not be deemed to amend or ailter d�e
terms of odier ageements among d�e�4embers or Associa�e Mcmbers.
13. Conflict of Interest Code
The Authorit}�shall bp resolubon adop[a Conilict of Literest Code as required U}'la�v.
14. Con�ibutions and Advances
Conaibudons or ad��ances of puUlic funds and of persoimel, equipinent or properq� may
be made to d�e Aud2orit}� by az�y Member, Associate TZemUer or uiy orl�er public agency to
furd�er d�e purpose of diis Agreement. Pa��ment of puUlic funds may be inade to defra} die cost of
uiy contribufion. An}�ad�ance may be made subject to repayment, and in d�at case sl�all be repaid
in tlie muiner agreed upon Uy die ad�ancing \4einUer, Associate D4emUer or od�er puUlic a�enc}�
and the Aud�orig�at d�e dme of mal;uig d�e ad�ance.
15. Fiscal Yeaz;Accounts;Reports;Annual Budget;Adminishative F�penses
a. Tl�e fiscal }�ear of die Authorit}� shall be ��e period i�rom Ja��uary 1 of eacli 3=ear [o
and induding the follo�cing Dcccinber 31, cxcept for au}�p�Utial fiscal year resulung from a d���ge
Resolution I�'o. 2016-074
Page No. 12
in accomiting based on a difTerenc fiscal year pre�iousl}. '
b. Prior ro rhe beginning of each fiscal year, d�e Board shall adopt a budget for die �
succeeding fiscal yeu.
c. The .�lurhorin shall establish and main[ain such funds uid accow�ts as may be
required by generall}�accep[ed accoundng principles. The bools and records of the Au[horin are
public records and shall be open to inspecoon at all reasonable dmes b}� each �lember and its
representad��es.
d. The Audiror shall either mal:e, or conaact «ith a certified pubGc accountant or
public accoun[an[ co mal:e, an uinua] audi[ of [he accounts and records of the Authorin. The
muuinum requirements oC the audi[ shall be [hose prescnbed b}' rhe State Coi�voller for special
disvicrs under Secoon 26909 of the Gorernment Code of il�e State of California. azid shall
conform [o generallc accepted audi[vig standards. ��'hen an audi[of accow�ts azid records is made
b} a cenified public accounranc or public accoun[an� a repon thereof shall be Ciled as a public
record«ith each �fember (and also���th the auditor of Sacramento Counn�as [he counR in �vluch
rhe Aurhont}'s oflice is loca[ed) «ithin 12 months after the end of the fiscJ pear.
e. In any }�ear ut �shidi [he azvmal budget of the Aa[hon�� does not ezceed five
thousand dollars (55,000.00), the Board ma}�, upon w�animous appro�al oC die Board, replace die
annual audit«ith an ensuuig one-year period, but ui ��o event for a period longer than bco fiscal
��ears.
16. Duties of Members or Associate DZemben;Breach
If an}� �lember or Associate \Iember shall default in pedorming any covenant contained
herein, such default shall not escuse d�a[ \fember or Associate Member from fulfilling ia other
obligations hereunder, and such defauleng \4ember or .�lssociate \lember shall remain liable (or
the performance of all co��enan[s hereof. Each \fember or Associate \9ember hereby dedares
rha[ this Agreement is en[ered inco for the benefit oC the .Authonry created hereb}', and each
�fember or _�lssociate \lember hereby gran[s [o [he Authori�� the nght to enforce, b} �s•hate�er
laafiil means the Auchorin deems appropriate, all of the obligauons of each of [he parries
herewidec £ach and all of the remedies given to the Au[honq� hereunder or b}'anc law no�v or
hereafter enacted are cumulative, and che esercise of one right or remed} shall not impair the ngh[
of the.�luthorin�to an� or all o[her remedies.
17. Indemnificarion
To rhe full extei�t permitted b} la�v, the Board ma} audiorize u�demnification by d�e
Authoriq of any person�t'ho is or��as a Board Delegate, alternate, ofl�icer, caisultan� employee or
odier agen[ of[he Au[horin, and «�ho «as or is a pam or is [hreatened to be made a parn� ro a
prceeeding bc reason oE die fac[ rha[ sucli person is or «zs such a Delegate, alterna[e, oflicer,
consultan� emplo}�ee or o[her agent of die Authonn�. Such indemnscation ma��be made agtinst
eapenses, jud�ien[s, Cmes, senlements and od�er a�noun�s acmall�� and reasonablc incurred in
connecuon �rith such proceeding, if such peron acted in good faith and in a manner such perso❑
reasonablv believed to be in die best interests of tlie :1u�iorin u�d. in dic case of a cnminal
Resolution No. 2016-074
Page No. 13
proceeding, had no reasoi�aUle cause to beGeve lus or her conduct was uiilawful and, u� d�e case of
azi action by or u� the nght of d�e Aud�orih�, acted �+�ith such care, including reasonable u�quin, as
an ordinarily prudent person in a lil:e position �vould use under similar circumstances.
18. Immunities
All of tl�e pn��ileges and immuniues from liaUilities, exempdons from ]an•, ordinances and
rules, all pension, reGeC, disabiliq�, �vorkers' compensarion and oll�er Uenefiu �+�hich apply to d�e
activity of officers, agents or employees of an� of die D4emUers or Associate D4embers when
pedormuig d�eir respective functions, shall apply ro them ro d�e same degree and estent �vlule
engaged as Delegates or othentiise as an officer, agent or od�er representavve of d�e .Authonn� or
wlule engaged in d�e pedonnance of��y of Q�eir functions or duties under d�e pro�isions of ihis
Agreemenc
19. Amendment
Tlus Agreement ma�� be amended U}� d�e adopuoi� of [lie ame��dment bp d�e governv�g
bodies of a majonq� of die D1emUers. The amendinent shall Uecomc efTeccive on d�e first dac of
d�e month tollo�t�ng the las[required memUer agency appro��al. M amendment may be i�utiated
by die Board, upon approeal Uy a majority of the Board. .A�ip proposed amerximenc,uicluding die
text of the proposed chuige, shall Ue gi��e�� Uy the Roard to each n4ember's Delega[e for
presentation and action by each A1emUer's board �+�tliin 60 days, mluch time may be estended by �
the Board.
Tl�e list of D9embers, Attaclunent 1, map be updated to reflect ne�ti� and/or �5�d�draw2i
\4embers ��dQ�out requuing tormal ainendment of the .Agreement bp d�e Aud�onq� Board of
Directors.
20. Withdrawal of Member or Associate Member
If a Dlember ui�idrA�vs as meinUer of RCRC, its inembership in d�e Authorit}' shall
autoinatically terminate. A �4ember or Associate D9ember may �ti�id�dra�v Gom tlus Agreement
upon ��ritten notice to tlie Board; provided ho�vever, d�ai no such ���thdrawal shall result in rhe
dissolution of die Aud�ority as long as any Bonds or otl�er obligarions of die Audionty remav�
outsGUiding. P.m�such «�thdra��:il shall Uecome effecu��e thirt�� (30) days aher a resoludon adopted
b}� die \lember's governu�g bod}� wluch autl�onzes w�tl�dra�val is recei��ed b}' the Authorin�.
1�'on5�dlstanding die foregov�g, uip tenninauon of inemUersliip or �add�dra�val Gom d�e Aud�onR�
shall not operzte to relie��e airy �erminated or wid�dra�+�ing D1emUer or .�lssociale I�4ember from
Obliga[ions incurred by suCh temiinated or �+�thdra�ving A9ember or .Associate T4ember prior to
tl�e time of ics tenninauon or�+�thdra�a�al.
20. Miscellaneous
a. Counterparts. 7'his Agreement �na�� be exccut�d in several counterp.v�s, eadi of
�a°hich shnll be an origin.d and :ill of�vhicl� sl�:dl conslitule bul one aud tl'�c sune instnimeuL
b. Construcbon. "l�hc scctiou hc;idiugs hcrciu arc for corivcnicucc o�ily �md are uoL io
Resolution No. 2016-07�
Paee No. 14
be conswed as modifiing or go��eming the language in rhe secnon refesed co.
c Appro�als. \�l�ere��er in this Agreement anp consen[ or appro.al is required, the
same shall no�be unreasonable�5ithheld.
d. 7��crion;V'enue. This Agreement is made in the State of Califomia, under the
Consdmdon and la«s of such Sta�e and is to be so conswed; an} ac[ion to enforce or interpret i�
terms shall be brough[in Sacramento Counn, Califomia.
e. Integrauon. This Agreement is the compleee and e�clusive statement of d�e
agreement among [he pames here[o, and it supersedes and merges all prior proposals,
undersrandings, uid other agreemena, wherher oral, �sriaen, or impGed in conduc� bemeen and
among the par[ies rela[ing to rhe subject maaer of this.Sgreemenc
f. Successors;Assignment Tlus Agreement shall be bu�duig upon and shall inure [o
the benefit of[he successors of the pazdes 6ereto. Escept ro die extent eapresslp pro��ded herein,
no\4ember mac assign am�nght or obliga[ion herennder«idiou[[he consen[of[he Board.
g. Severabiliry. Should an}� pare term or pro�ision of dus Aareement be decided b}
rhe courts to be illegdl or in conflic[ «ith am ]a�s of the Staee ot Califomia, or othen�ise be
rendered unenforceable or ineffectual, d�e validin of the remauvng parts, rerms or pro�isions
hereof shall not be afTected thereb�.
The parties hereto hare caused dus Agreement [o be execu[ed uid a¢ested b} theu proped}
au[horized officers.
AS ADOPTED BI'THE D4E.\iBERS:
Onginall} dated Jtilc 1, 1993
.�nended and resta[ed December 10, 1998
Amended and restated Februarc 1S, 1999
.�lmended and resu[ed September 18, 2002
Amended and restated Januan'28, 2004
P,mended and restated December 10. 2014
I SIGt\ATI�RFS O.�\-FOLLO i GZ�\%G P9 GE5]
Resolution No. 2016-074
Page No. 15
ATTACHI�4ENT 1
CAI.IFORI\TIA HOME FINANCE AUTHORITY MEA2BERS
As of December 10.Q014
Alpine Comig�
Amador Counn�
Buae Counp
Cala��eras Counri�
Colusa Cowit}
Del Norte Count}
EI Dorado Count}
Glenn Cowit},
HumUoldt Counq
Impenal Counn� '
Inpo Counq-
I.ake Counq�
Lassen Counry
n4aderz Count}� .
D4ariposa Counq�
Dlendocino County
�4erced Counq�
D4odoc County
Mono Counq
Napa County
Ne�ada Count��
Placer Cow�ty
Plumas Count��
San Benito Count}�
Shasta Counn�
Sierra Count}�
Sisl:iyou Counq�
Sutter Counq�
Teliama Cowit}�
Tr�ii��County
Tuolumne Cowiri�
Yolo Count}�
Yuba Coung°
Resolution No. 2016-07�
Pase No. 16
SIGr'ATURE PAGE FOR?�rE��'.ASSOCIATE T�AI�IBERS
?�'.4iY� OF COLTi�'Tl' OR CI'IY:
CITY OF CHUL.4 VISTA
Bv: �
?�9an�Casillas Salas
Title: D9a��or
Dated: S— /L — /C�
Attes[:
B�� ��^-'�- �,�/
[City Clerk]
� 'ED,IAS TO FO
.
� �nno i �'