CC – 2024-13 – Approving, Authorizing & Directing Execution of An Amended & Restated Joint Exercise of Powers Agreement Relating to the California Statewide Communities Development AuthorityRESOLUTION NO. 2024-13
RESOLUTION APPROVING, AUTHORIZING AND DIRECTING EXECUTION
OF AN AMENDED AND RESTATED JOINT EXERCISE OF POWERS
AGREEMENT RELATING TO THE CALIFORNIA STATEWIDE
EV -11 IAIIOI 111 *317 WA 04 to] 964 17:1011: (ITi li"
WHEREAS, the City of Rosemead, California (the "City"), has expressed an interest in
-patticipating in the economic development financing programs (the "Programs") in conjunction
with the parties xo that certain Amended and Restated Joint Exercise of Powers Agreement
relating to=ihe California Statewide Communities Development Authority, dated as of June 1,
1"'988 fthe "Agrem- ent"); 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 Rosemead,
California, 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 agreements,
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 Edi origiiialjy executed Agreement to:
Kathleen Jacobe
= 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 this 23`d day of April, 2024.
APPROVED AS TO FORM:
� 4 s
Rachel Richman, City Attorney
COUNTY OF LOS ANGELES) §
CITY OF ROSEMEAD )
A�71
Steven Ly, Mayor
ATTESTS:`- -- =- - - -
Ericka Hernandez, City Clerk
I, Ericka Hernandez, City Clerk of the City Council of the City of Rosemead, California,
do hereby certify that the foregoing City Council Resolution, No. 2024-13, was duly adopted
by the City Council of the City of Rosemead, California, at a regular meeting thereof held on
the 23rd day of April, 2024, by the following vote, to wit:
AYES: ARMENTA, CLARK, LOW, LY
NOES: NONE
ABSENT: DANG
ABSTAIN: NONE