HomeMy WebLinkAbout4512_CCv0001.pdf RESOLUTION NO. 4512
RESOLUTION OF THE CITY COUNCIL 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 CITY COUNCIL OF THE CITY OF REDLANDS AS FOL-
LOWS:
Section 1. A22roval 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 Mayor or any
other member of this City Council and the City Clerk are
hereby authorized and directed to execute and deliver the
Joint Powers Agreement for and on behalf of the City 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 City, such
approval to be conclusively evidenced by the execution and
delivery thereof.
Section 2. Other Acts. The officers and staff of
the City 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 the City
Attorney, 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 .
Mayor of the City of Redlands
ATTEST:
City Cl)-erk of t--hjff ity of
Redlands, Calif-0/t is
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I , LORRIE POYZER, City Clerk of the City of
Redlands, California, do hereby certify that the foregoing
Resolution No. 4512 was regularly introduced and adopted by
the City Council of the City of Redlands, California, at a
regular meeting thereof held on the 2nd day of May, 1989, by
the following vote of the City Council:
AYES: Councilmembers Wormser, Larson;
Mayor Beswick
NOES: Councilmembers DeMirjyn, Cunningham
ABSENT: None
and that said resolution has not been amended, superseded or
repealed, and is in full force and effect.
IN WITNESS WHEREOF, I have hereunto set my hand
this 2nd day of May 1989.
City of R;dlands ' California
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