HomeMy WebLinkAbout214 RDA_CCv0001.pdf RESOLUTION NO. 214
RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF REDLANDS APPROVING THE JOINT
POWERS AGREEMENT CREATING THE REDLANDS
FINANCE AUTHORITY AND OTHER MATTERS
RELATING THERETO
WHEREAS, Articles 1 and 2 of Chapter 5 of Divi-
sion 7 of Title 1 of the Government Code of the State of
California authorize the City of Redlands ( the "City" ) and
the Redevelopment Agency of the City of Redlands (the
"Agency" ) to create a joint-exercise-of-powers entity which
has the power to jointly exercise any powers common to the
City and the Agency; and
WHEREAS, the City and the Agency are each empowered
by law to undertake certain projects and programs; and
WHEREAS, the City is authorized to issue bonds,
expend bond proceeds, and to borrow and loan money for cer-
tain public purposes pursuant to the Government Code of the
State of California; and
WHEREAS, the Agency is authorized to issue bonds,
expend bond proceeds, and to borrow and loan money for any
of its corporate purposes pursuant to the provisions of the
Community Redevelopment Act of the State of California; and
WHEREAS, the City and the Agency desire to create
and establish the Redlands Finance Authority; and
WHEREAS, there has been presented at this meeting a
form of Joint Powers Agreement creating the Redlands Finance
Authority between the Agency and the City;
NOW, THEREFORE, BE IT RESOLVED, DETERMINED AND
ORDERED BY THE REDEVELOPMENT AGENCY OF THE CITY OF REDLANDS
AS FOLLOWS.
Section 1 . Approval of Joint Powers Agreement.
The form of Joint Powers Agreement creating the Redlands
Finance Authority ( the "Joint Powers Agreement" ) presented
at this meeting is hereby approved, and the Chairman or any
other member of the Agency and the Secretary of the Agency
are hereby authorized and directed to execute and deliver
the Joint Powers Agreement for and on behalf of the Agency
in substantially the form presented at this meeting, with
such changes thereto as the officers executing the same deem
necessary or in the best interests of the Agency, such
approval to be conclusively evidenced by the execution and
delivery thereof.
Section 2. Other Acts. The officers and staff of
the Agency are hereby authorized and directed, jointly and
severally, to do any and all things, to execute and deliver
any and all documents, which in consultation with counsel to
the Agency, as they may deem necessary or advisable in order
to consummate the creation of the Redlands Finance Authority
or otherwise effectuate the purposes of this Resolution, and
any and all such actions previously taken by such officers
or staff members are hereby ratified and confirmed.
Section 3 . Effective Date. This Resolution shall
take effect immediately upon adoption.
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PASSED, APPROVED and ADOPTED this 2nd day of May,
1989 .
Chairman of the
Redevelopment Agency
of the City of Redlands
AT'T'EST
Secret ry of th. ,
Redevelopment A' ency of
the City of Redlands
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I, LORRIE POYZER, Secretary of the Redevelopment
Agency of the City of Redlands, California, do hereby cer-
tify that the foregoing Resolution No. 214 was regularly
introduced and adopted by the Redevelopment Agency of the
City of Redlands, California, at a regular meeting thereof
held on the 2nd day of May, 1989, by the following vote:
AYES: Members Wormser, Larson;
Chairman Beswick
NOES: Members DeMirjyn, Cunningham
ABSENT: None
ABSTAINED: None
IN WITNESS WHEREOF, I have hereunto set my hand
and affixed the official seal of the Redevelopment Agency of
the City of Redlands, California, this 2nd day of
May 1989.
'§_ecretary of the R" , eivelopment
Agency ,8f the City'` if Redlands,
California
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