RES-8621 Countywide Public Financing AuthorityRESOLUTION NO. 8621
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ORANGE AUmORIZING THE
EXECUTION OF A JOINT EXERCISE OF POWERS
AGREEMENT CREATING THE COUNTYWIDE
PUBLIC FINANCING AUTHORITY.
WHEREAS, the City of Orange (the "City") and the Cities of Brea, Buena Park,
Fullerton, Garden Grove, San Clemente, Santa Ana, Seal Beach, Stanton and Tustin (the
Other Members"), desire to create a joint exercise of powers authority to assist in the
fmancing requirements of the City and the Other members pursuant to Articles 1 through 4
commencing with section 6500) of Chapter 5, Division 7, Title 1 of the California
Government Code.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ORANGE
DOES HEREBY RESOLVE as follows:
SECTION I:
The Council hereby authorizes the officers and staff members of the City to assist in
the organization of a joint powers authority among the City and the Other Members, to be
known as the "Countywide Public Financing Authority" (the "Authority"). The Council
hereby approves and authorizes the mayor, the City Manager, the Finance Director or other
appropriate officer or official of the City to execute and the City Clerk to attest a joint
exercise of powers agreement fonning said joint powers authority, in substantially the form
on file with the City Clerk, together with any changes therein deemed advisable by the
counsel to the City.
SECTIONn:
The Council hereby designates and appoints the City Manager or his designee to act
as t.lJ.e City's representative on the Board of Directors of the Authority.
SECTIONID:
The Mayor, the City Manager, the Finance Director, the City Clerk and all other
proper 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 inconsistent with the purposes of this resolution.
SECTION IV:
This Resolution shall take effect upon its adoption by two-thirds of all members
of the City Council of the
City.ADOPTED this 28th day of May
1996.
a Attest:
au..~
1Mtd City
Clerk of Ity of Orange I
hereby certify that the foregoing Resolution was duly and regularly adopted by the City
Council of the City of Orange at a regular meeting thereof held on the 28th day of May ,
1996, by the following vote:AYES:
COUNCIL MEMBERS: MURPHY. BARRERA, COONTZ, SPURGEON, SLATER NOES:
COUNCIL MEMBERS: NONE ABSENT:
COUNCIL MEMBERS: NONE 4t<~
J-d
City Clerk of th City of Orange
Reso,No. 8621 2 Finance:ajj