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HomeMy Public PortalAbout88-061 (04-19-88)RESOLUTION NO. 88-61 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD AUTHORIZING THE EXECUTION AND DELIVERY OF A JOINT POWERS AGREEMENT CREATING THE INDEPENDENT CITIES LEASE FINANCING AUTHORITY, APPROVING THE MEMBERSHIP OF THE CITY IN SUCH AUTHORITY, APPOINTING THE CITY'S REPRESENTATIVE AND ALTERNATE REPRESENTATIVE TO THE AUTHORITY'S BOARD OF DIRECTORS, AND RELATED ~ MATTERS. WHEREAS, The City of Lynwood (the "City") is a municipality duly organized and existing under the Constitution and laws of the State of California (the "State") [and the Charter of the City]; WHEREAS, pursuant to California Government Code Section 6500 et seq. (the "Act"), the City is authorized to enter into an agreement with one or more other public agencies to jointly exercise any power common to the contracting parties and to create an agency or entity which is separate from the parties to the agreement to administer the agreement; WHEREAS, the City Council of the City proposes to enter into a Joint Powers Agreement Creating the Independent Cities Lease Financing Authority (the "Agreement") with each of those cities listed on the attached Exhibit A as shall also approve the Agreement, and thereby create the Independent Cities Lease Financing Authority (the "Authority") to administer the Agreement; WHEREAS, ~"" revenue bonds Bond Pooling ~, 6584 et. seq., public capita therein; the Authority pursuant to the Act of 1985 (Ca as amended (the 1 improvements is empowered to issue its lease provisions of the Marks-Roos Local Lifornia Government Code Section "Bond Act") to finance the cost of of any local agency as defined WHEREAS, the City Council proposes to enter into the Agreement for the purpose of creating the Authority so as to provide low-cost sources of financing for the acquisition, construction, installation and/or equipping of public capital improvements of the City and othe local agencies as defined in the Act and for the other purposes described in the Agreement. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF LYNWOOD AS FOLLOWS: SECTION 1. Declaration of Council. This Council hereby specifically finds and declares that the actions authorized hereby constitute and are with respect to public affairs of the City, and that the statements, findings and determinations of the City set forth in the preambles above and of the documents approved herein are true and correct. ~" SECTION 2. Agreement. The form of Joint Powers Agreement Creating the Independent Cities Lease Financing Authority, among the City and one or more of the Cities listed in Exhibit A, pursuant to which the Authority is created, presented to this meeting and on file with the Clerk of the City Council is hereby approved. The Mayor, City Manager, City Clerk and any other City officer or official of the City authorized by the Mayor are hereby authorized and directed, for and in the name and on behalf of the City, to execute, acknowledge and deliver said Agreement in substantially said form, with such changes therein as such officer may approve, such approval to be conclusively eviden~d by the execution and delivery thereof. ~~~ ~~ 4 ~~~~_te ,s ay- ~~ The Clerk of the City Council is hereby authorized and directed to attest the signature of the authorized signatory, and to affix and attest the seal of the City, as may be required or appropriate in connection with the execution and delivery of said Agreement. SECTION 3. Membership in Authority. The participation of the City as a Member in the Authority is hereby approved. The officers of the City are hereby authorized to direct the performance of the obligations of the City under the Agreement, including the payment of any annual membership fees and expenses set by the Board of Directors of the Authority. SECTION 4. Appointment of Representatives. The Council hereby appoints Councilmembpr Heine of the City to serve as the representative of the City on the Authority's Board of Directors, and Asst. City Manager Don Fraser- of the City to serve as the alternate representative of the City on the Authority's Board of Directors. Such appointments shall be effective until the death, resignation, disqualification or subsequent removal by the City Council of such representative. SECTION 5. Further Actions. The Mayor, City Manager and City Clerk and any other officer or official of the city authorized by the Mayor, are hereby authorized and directed, jointly and severally, to do any and all things and to execute and deliver any and all documents which they may deem necessary or advisable in order to effect the creation of the Authority and otherwise to carry out, give effect to and comply with the terms '^and intent of this resolution and the Agreement. Such actions heretofore taken by such officers are hereby ratified, confirmed ~ and approved. SECTION 6. Effective Date. This Resolution shall take effect immediately uon its passage. PASSED, APPROVED AND ADOPTED THIS 19th DAY OF April ~ 1988. PAUL H.~RICHARDS II, Mayor ATTEST: v/, S~vL~ ANDREA L. HOOPER, City C1 rk FORM: APPROVED AS TO CONTENT: t""~ ~ Cit ~ t' orney Cis of Lynwood 3:ICLFA ~ /Y~ /~ IGLU--- ONALD J. ~k' ASER Assistant ity Manager City of Lynwood 5 STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) ss. 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 Lynwood at a regular meeting held on the 19th day of April 1988. AYES: COUNCILMEDIBER HEINE, HENNING, MORRIS, WELLS, RICHARIIS NOES: NONE ABSENT: NONE City Clerk, City of Lynwo d STATE OP CALIFORNIA ) ss. COUNTY OP LOS ANGELES ) I, the undersigned City Clerk of the City of Lynwood, and Clerk of the City Council of said City, do hereby certify that the above and foregoing is a full, true and correct copy of Resolution No. 88-61 on file i.n my office and that said resolution was adopted on the date and by the vote therein stated. Dated this 22nd day of April 1988. ~~A~ ~ s i~ City Clerk