HomeMy WebLinkAboutRDA Reso 1995-1448-ARESOLUTION 1448-A
RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY
OF CHULA VISTA AUTHORIZING THE EXECUTION AND
DELIVERY OF A JOINT EXERCISE OF POWERS AGREEMENT BY
AND BETWEEN THE AGENCY AND THE CITY OF CHULA VISTA,
ESTABLISHING THE CHULA VISTA PUBLIC FINANCING
AUTHORITY
WHEREAS, the City of Chula Vista (the "City"1 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 the Agreement. The form of the Agreement, on file
with the Agency Secretary and known as document RACO-95-02, is hereby approved, and
the Chairman is hereby authorized to execute, and the Agency Secretary 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 Agency and which
are reviewed and approved by the Executive Director, 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 City Council of its resolution approving the
execution and delivery of the Agreement by the City, 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:
Robert W. Powell
Agency Treasurer
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Agency Counsel
Resolution No. 1448-A
ADOPTED AND APPROVED BY THE REDEVELOPMENT AGENCY OF THE CITY OF
CIIUI,A VISTA, this 4th day of April 1995 by the following vote, to-wit:
AYES: Members Horton, Moot, Padilla
NOES: None
ABSENT: Member Rindone
ABSTENTIONS: None
~ ' /.
Shirley HO~Con
Chairman
ATTEST:
Chris Salomone
Executive Secretary
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO) ss:
CITY OF CIIULA VISTA )
I, Chris Salomone, Executive Secretary to the Redevelopment Agency of the City of Chula Vista,
DO HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
Resolution No. 1448-A and that the same has not been amended or repealed.
Dated:
Chris Salomone
Executive Secretary