CC - 2006-05 - Join Exercise Powers Agreement with CDCi •
RESOLUTION NO. 2006-05
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ROSEMEAD AUTHORIZING THE EXECUTION AND
DELIVERY OF A JOINT EXERCISE OF POWERS
AGREEMENT WITH THE ROSEMEAD COMMUNITY
DEVELOPMENT COMMISSION
WHEREAS, agencies formed under the Joint Exercise of Powers Act, Section 6500 et
seq. of the California Government Code (the "Joint Powers Act'), are permitted to provide
financing for an), of their members or other local public agencies in the State of California in
connection with the acquisition, construction and improvement of public capital improvements
or working capital requirements of such members or other local agencies; and
WHEREAS, the City of Rosemead (the "City") and the Rosemead Community
Development Commission desire to form an Authority under the Joint Powers Act, to be known
as the Rosemead Financing Authority, for the purpose of providing an entity which can assist in
providing financing for purposes which are authorized under the Joint Powers Act; and
WHEREAS, there has been prepared and submitted to this meeting a form of Joint
Exercise of Powers Agreement (such Joint Exercise of Powers Agreement, in the form presented
to this meeting, with such changes, insertions and omissions as are made pursuant to this
Resolution, being referred to herein as the "Joint Powers Agreement');
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of
Rosemead, as follows:
Section 1. All of the recitals herein contained are true and correct and the City Council
so finds.
Section 2. The form of the Joint Powers Agreement, on file with the City Clerk, is
hereby approved, and the Mayor, the City Manager and the Finance Director, and any such other
officer of the City as such Mayor, City Manager or Finance Director may designate (the
"Authorized Officers"), are each hereby authorized and directed, for and in the name and on
behalf of the City, to execute and deliver the Joint Powers Agreement in substantially said form
with such changes therein as the Authorized Officer executing the same may require or approve,
such approval to be conclusively evidenced by the execution and delivery thereof.
Section 3. The officers and employees of the City are hereby authorized and directed,
jointly and severally, to do any and all things which they may deem necessary or advisable in
order to consummate the transactions herein authorized and otherwise to carry out, give effect to
and comply with the terms and intent of this Resolution.
Section 4. All actions heretofore taken by the officers, employees and agents of the City
with respect to the transactions set forth above are hereby approved, confirmed and ratified.
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Section 5. This Resolution shall take effect immediately upon its adoption..
I, Nina Castruita, Clerk of the City of Rosemead, hereby certify that the foregoing
resolution was duly and regularly introduced and adopted at a regular meeting of the Council of
the City of Rosemead held on February 14, 2006, by the following vote, to wit:
AYES:
NOES:
ABSENT:
City Clerk of the City of Rosemead
ATTEST:
I ~.&&
City Clerk
CITY OF ROSEMEAD
By:
Mayor
l
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STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS.
CITY OF ROSEMEAD )
I, Nina Castruita, City Clerk of the City of Rosemead, do hereby certify that the
foregoing Resolution No. 2006-05 being:
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD
AUTHORIZING THE EXECUTION AND DELIVERY OF A JOINT EXERCISE OF
POWERS AGREEMENT WITH THE ROSEMEAD COMMUNITY DEVELOPMENT
COMMISSION
was duly and regularly approved and adopted by the Rosemead City Council on
the 14th of February 2006, by the following vote to wit:
Yes: CLARK, IMPERIAL, NUNEZ, TAYLOR, TRAN
No: NONE
Absent: NONE
Abstain: NONE
Nina Castruita
City Clerk
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STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS.
CITY OF ROSEMEAD )
Cj
I, Nina Castruita, Secretary of the Rosemead Community Development
Commission, do hereby certify that the foregoing Resolution No. 2006-05 being:
A RESOLUTION OF THE ROSEMEAD COMMUNITY DEVELOPMENT
COMMISSION OF THE CITY OF ROSMEAD ALLOWING CERTAIN CLAIMS
AND DEMANDS IN THE SUM OF $85,664.48 DEMANDS NO. 7797 THROUGH
7802
was duly and regularly approved and adopted by the Rosemead Community
Development Commission on the 28th of February 2006, by the following vote
to wit:
Yes: CLARK, IMPERIAL, NUNEZ, TAYLOR, TRAN
No: NONE
Absent: NONE
Abstain: NONE
G/ Nina Castruita
Secretary '