HomeMy WebLinkAboutReso 1985-11956
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RESOLUTION NO. 11956
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA
AUTHORIZING AND DIRECTING EXECUTION OF FIRST AMENDMENT
TO JOINT POWERS AGREEMENT TO CREATE THE CHULA VISTA-
EL DORADO-LIVERMORE-MENLO PARK HOUSING FINANCE AGENCY
WHEREAS, the City of Chu 1 a Vi sta, the County of E1 Dorado, the Ci ty of
Livermore and the City of Menlo Park <the "Parties") have heretofore entered
into that certain Joint Powers Agreement to Create the Chu1a Vista-El
Dorado-Livermore-Menlo Park Housing Finance Agency to Exerci se Common Powers
of the Cities of Chu1a Vi sta, Livermore and Menlo Park and the County of E1
Dorado to Finance Home Mortgages Pursuant to Part 5 of Division 31 of the
Health and Safety Code of the State of California, dated as of November 1,
1983 <the "Agreement"); and
WHEREAS, the Agreement provides that the Agreement shall be administered
by the Chula Vista-El Dorado-Livermore-Menlo Park Housing Finance Agency <the
"Agency"); and
WHEREAS, the Parties now desire to provide for a more efficient and
practicable means of administering the Agreement; and
WHEREAS, it is therefore necessary and desirable to amend certain
sections of the Agreement to provide that the Agreement shall be administered
for successive five year terms by the respective legislative bodies of each of
the Parties; and
WHEREAS, to that end the Parties have agreed to enter into that certain
First Amendment to Joint Powers Agreement, in substantially the form on fi 1e
with the Secretary of the Agency <the "First Amendment");
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chu1a
Vista as follows:
Section 1. Approval of First Amendment. The City Council hereby
approves the amendment of the Joi nt Powers Agreement pursuant to the Fi rst
Amendment in substantially the form on fi 1e with the Secretary of the Agency.
The Mayor and the City Clerk are hereby authorized and directed for and in the
name and on behalf of the City to execute, attest and affi x the seal of the
City to said form of First Amendment.
Section 2. Effective Date. This Resolution shall take effect from and
after the date of its passage and adoption.
vote:
PASSED AND ADOPTED this 12th day of March . 1985. by the following
Scott, Moore, Cox, Malcolm, McCandliss
AYES:
NOES:
ABSENT:
None
None
Attest:
L,,., ;jz~~
t/ City Cler tf
[S E A LJ
Approved as to form by
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bity Att<{r y
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