HomeMy Public PortalAboutResolution 05-43421
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RESOLUTION NO. 05 -4342
RESOLUTION APPROVING, AUTHORIZING AND DIRECTING
EXECUTION OF AN AMENDED AND RESTATED JOINT EXERCISE
OF POWERS AGREEMENT RELATING TO THE CALIFORNIA
STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY
WHEREAS, the City of Temple City, California (the "City "), has expressed an interest in
participating in the economic development financing programs (the "Programs ") in conjunction with the
parties to that certain Amended and Restated Joint Exercise of Powers Agreement Relating to the
California Statewide Communities Development Authority, dated as of June 1, 1988 (the "Agreement ");
and
WHEREAS, there is now before this City Council the form of the Agreement; and
WHEREAS, the City proposes to participate in the Programs and desires that certain projects to
be located within the City be financed pursuant to the Programs and it is in the public interest and for the
public benefit that the City do so; and
WHEREAS, the Agreement has been filed with the City, and the members of the City Council of
the City, with the assistance of its staff, have reviewed said document;
NOW, THEREFORE, be it resolved by the City Council of the City of Temple City as follows:
SECTION 1. The agreement is hereby approved and the Mayor or the City Manager or designee
thereof is hereby authorized and directed to execute said document, with such changes, insertions and
omissions as may be approved by said Mayor or City Manager, and the City Clerk or such Clerk's
designee is hereby authorized and directed to affix the City's seal to said document and to attest thereto.
SECTION 2. The Mayor, the City Manager, the City Clerk and all other proper officers and
officials of the City are hereby authorized and directed to execute such other agreement, documents, and
certificates, and to perform such other acts and deeds, as may be necessary or convenient to effect the
purposes of this Resolution and the transactions herein authorized.
SECTION 3. The City Clerk of the City shall forward a certified copy of this Resolution and an
originally executed Agreement to:
Angie Sessions
Orrick, Herrington & Sutcliffe LLP
400 Capital Mall, Suite 3000
Sacramento, California 95814
SECTION 4. This resolution shall take effect immediately upon its passage.
PASSED, APPROVED AND ADOPTED on this 17th day of May, 2005.
ATTEST:
Resolution No. 05 -4342
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I, City Clerk of the City of Temple City, hereby certify that the foregoing resolution, Resolution No.
05 -4342 was duly passed, approved and adopted by the City Council of the City of Temple City at a regular
meeting held on the 17th day of May, 2005 by the following vote:
AYES: Councilmember - Gillanders, Wilson, Wong, Capra, Arrighi
NOES: Councilmember -None
ABSENT: Councilmember -None
ABSTAIN: Councilmember -None
3Q4-yv,LLI-ck
City Clerk
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