HomeMy Public PortalAbout2006-161 (09-05-06)RESOLUTION NO. 2006.161
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD APPROVING
AMENDMENT NO. 6 TO THE JOINT POWERS AGREEMENT WITH THE
INDEPENDENT CITIES LEASE FINANCE AUTHORITY AND PROVIDING FOR
OTHER MATTERS PROPERLY RELATED THERETO
WHEREAS, certain cities of the State of California (collectively, the "Members")
have entered into a Joint Powers Agreement Creating the Independent Cities Lease
Finance Authority (the "Joint Powers Agreement"), establishing the Independent Cities
Lease Finance Authority (the "Authority") and prescribing its purposes and powers; and
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WHEREAS, the Board of Directors of the Authority has approved Amendment
No. 6 to the Joint Powers Agreement, amending the Joint Powers Agreement to
authorize the Authority to provide financing or refinancing of projects and programs
which benefit Members and Associate Members;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Lynwood as follows:
Section 1. Approval of Amendment No 6 to Joint Powers Agreement. The City
Council hereby approves Amendment No. 6 to Joint Powers Agreement and authorizes
the Mayor or the Mayor Pro Tem to execute and the City Clerk to attest the Amendment
No. 6. in substantially the form attached hereto as Exhibit A and incorporated herein by
this reference.
Section 2. Certification. The City Clerk is hereby authorized and directed to
certify to the adoption of this Resolution and to transmit a certified copy hereof and an
executed copy of the Amendment No. 6 to the Independent Cities Lease Finance
Authority.
Section 3. Effective Date. This Resolution shall take effect from and after the
date of its passage and adoption.
PASSED, APPROVED AND ADOPTED this 5`h day of September 2006.
ATTEST:
Leticia Vasquez, M
Andrea L. Hooper, City Clerk
APPROVED AS TO FORM:
~l ity Attorney
APPROVED AS TO CONTENT:
nriq a artinez
City Manager
Mariann arysheva,
Assistant City Manager -Finance
STATE OF CALIFORNIA )
SS.
COUNTY OF LOS ANGELES )
I, the undersigned,' City Clerk of the City of Lynwood, do hereby certify that the
foregoing Resolution was passed and adopted by the City Council of the City of
Ly~iwood at a regular meeting held on the 5th day of SEPTEMBER , 2006.
AYES: COUNCILMEMBERS, BYRD, JOHNSON, PEDROZA, SANTILLAN, AND VASQUEZ
NOES: NONE ~Ldl
ABSENT: NONE
ABSTAIN: NONE
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Andrea L. Hooper, City Clerk
STATE OF CALIFORNIA )
SS.
COUNTY OF LOS ANGELES )
I, the undersigned, City Clerk of the City of Lynwood, and the Clerk of the City
Council of said City, do hereby certify that the above foregoing is a full, true and correct
copy of Resolution No. 2006.161 on file in my office and that said Resolution was
adopted on the date and by the vote therein stated.
Dated this 5th day of SEPTEMBER , 2006.
Andrea L. Hooper, City Clerk
EXHIBIT A
AMENDMENT NO. 6
TO THE
JOINT POWERS AGREEMENT
CREATING THE INDEPENDENT CITIES LEASE AUTHORITY
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AMENDMENT NO. 6
TO THE
JOINT POWERS AGREEMENT
CREATING THE INDEPENDENT CITIES LEASE AUTHORITY
THIS AMENDMENT NO. 6 TO THE JOINT POWERS AGREEMENT CREATING
THE INDEPENDENT CITIES LEASE FINANCE AUTHORITY (this "Amendment No. 6") by
and among the CITY OF BALDWIN PARK, the CITY OF COMPTON, the CITY OF
HAWTHORNE, the CITY OF HERMOSA BEACH, the CITY OF HUNTINGTON PARK, the
CITY OF LYNWOOD, the CITY OF SAN FERNANDO, the CITY OF SOUTH GATE and the
CITY OF VERNON, each a municipal corporation duly organized and existing under the laws of
the State of California (collectively, the "Members");
WITNESSETH:
WHEREAS, the Members have entered into a Joint Powers Agreement Creating the
Independent Cities Lease Finance Authority (the "Joint Powers Agreement"), establishing the
Independent Cities Lease Finance Authority (the "Authority") and prescribing its purposes and
powers; and
WHEREAS, the Board of Directors of the Authority has approved Amendment No. 6 to the
Joint Powers Agreement, amending the Joint Powers Agreement to authorize the Authority to
provide financing or refinancing of projects and programs which benefit Members and Associate
Members;
NOW, THEREFORE, in consideration of the above premises and of the mutual promises
herein contained, the Members do hereby agree as follows:
Section 1. Amendment No. 6. Article 6 of the Joint Powers Agreement, entitled "Powers
of the Authority," is hereby amended by adding a new subsection (d) thereto to read as follows:
(d) In addition to the other powers provided herein, the Authority
shall have any and all powers authorized by law to each of the parties hereto
and separately to the public entity herein created relating to (i) economic
development, including, without limitation, the promotion of opportunities for
the creation and retention of employment, the stimulation of economic
activity, and the increase of the tax base, within the jurisdictions of such
parties; (ii) the issuance of bonds, notes or other evidences of indebtedness for
the financing or refinancing of K-12 educational facilities to be utilized by a
non-profit organization; and (iii) the issuance of assessment district bonds and
bonds issued pursuant to the Mello-Roos Community Facilities Act of 1982;
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Section 2. Joint Powers Agreement Effectiveness. Except as amended hereby, the Joint
Powers Agreement and all provisions therein shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 6 to the
Joint Powers Agreement Creating the Independent Cities Lease Finance Authority to be executed
and attested by their proper officers thereunto duly authorized, on the day and year set forth
below.
DATE: 09/05/06 , 2006 CITY OF I YNWOOD
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Title: LETICIA YASQUEZ MAYOR
ATTEST:
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City Clerk~~
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