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