HomeMy WebLinkAbout90-69 - Formation of Joint Powers Authority with Redevelopment AgencyRESOLUTION NO. 90-69
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
COSTA MESA, CALIFORNIA, AUTHORIZING FORMATION
OF JOINT POWERS AUTHORITY WITH THE COSTA MESA
REDEVELOPMENT AGENCY.
WHEREAS, the City of Costa Mesa (the "City") is undertaking proceedings
for the issuance of bonds to finance public capital improvements with
respect to its Costa Mesa Public Facilities Project and, in connection with
such proceedings, the City and the Costa Mesa Redevelopment Agency (the
"Agency"), propose to form a joint powers authority pursuant to Articles 1
through 4 of Chapter 5 of Division 7 of Title 1 of the Government Code of
the State of California in order that such authority may, in connection
with proceedings, exercise the powers authorized under the Marks -Roos Local
Bond Pooling Act of 1985 (California Government Code Section 6584 et seq.)
and, in addition, exercise such powers in cooperation with future proceed-
ings of such nature undertaken by the City or the Agency; and
WHEREAS, the assistance to be provided by such a joint powers author-
ity to the Agency in connection with such future proceedings will result in
significant public benefits to the Agency and the City;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Costa
Mesa, California, as follows:
SECTION 1. Formation of Joint Powers Authority. The City Council
hereby authorizes the officers and staff members of the City to assist in
the organization of a joint powers authority between the City and the
Agency, to be known as the City of Costa Mesa Public Financing Authority
(the "Authority"). The City Council hereby approves and authorizes the
Mayor to execute and the City Clerk to attest the Joint Powers Agreement
forming the Authority, in substantially the form on file with the City
Clerk.
SECTION 2. Official Actions. The Mayor, the City Manager, Finance
Director, City Clerk, and City Attorney of the City, and any other officers
of the City, are hereby authorized and directed to take all actions and do
all things necessary or desirable hereunder with respect to the formation
of the Authority, including but not limited to the execution and delivery
of any and all agreements, certificates, instruments, and other documents,
which they, or any of them, may deem necessary or desirable and not incon-
sistent with the purposes of this resolution.
SECTION 3. Effective Date. This Resolution shall take effect from
and after the date of its passage and adoption.
PASSED AND ADOPTED this 20th day of August, 1990.
Mayor of the City Wosta Mesa
ATTEST:
City Clerk of the City of Costa esa
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF COSTA MESA )
I, EILEEN P. PHINNEY, City Clerk and ex -officio Clerk of the City
Council of the City of Costa Mesa, hereby certify that the above and fore-
going Resolution No. 90-69 was duly and regularly passed and adopted by the
said City Council at a regular meeting thereof, held on the 20th day of
August, 1990, by the following roll call vote:
AYES: COUNCIL MEMBERS: Buffa, Hornbuckle, Amburgey, Glasgow
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: Genis
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Seal
of the City of Costa Mesa this 21st day of August, 1990.
City Clerk and ex -officio Clerk61 the
City Council of the City of Cos Mesa