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12
City of Pleasanton
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CITY CLERK
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AGENDA PACKETS
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2018
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011618
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1/11/2018 12:12:25 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
1/16/2018
DESTRUCT DATE
15Y
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a. To effectuate its purpose, the Authority shall have the power to exercise any and <br /> all powers of the Members or of a joint powers authority under the Act and other applicable <br /> provisions of law, subject, however, to the conditions and restrictions herein contained. Each <br /> Member or Associate Member may also separately exercise any and all such powers. The powers <br /> of the Authority are limited to those of a general law county. <br /> b. The Authority may adopt, from time to time, such resolutions, guidelines, rules and <br /> regulations for the conduct of its meetings and the activities of the Authority as it deems necessary <br /> or desirable to accomplish its purpose. <br /> c. The Authority shall have the power to finance the construction, acquisition, <br /> improvement and rehabilitation of real property, including the power to purchase, with the <br /> amounts received or to be received by it pursuant to a bond purchase agreement, bonds issued <br /> by any of its Members or Associate Members and other local agencies at public or negotiated sale, <br /> for <br /> the purpose set forth herein and in accordance with the Act. All or any part of such bonds so <br /> purchased may be held by the Authority or resold to public or private purchasers at public or <br /> negotiated sale. The Authority shall set any other terms and conditions of any purchase or sale <br /> contemplated herein as it deems necessary or convenient and in furtherance of the Act. The <br /> Authority may issue or cause to be issued Bonds or other indebtedness, and pledge any of <br /> its property or revenues as security to the extent permitted by resolution of the Board under <br /> any applicable provision of law. The Authority may issue Bonds in accordance with the Act in <br /> order to raise funds necessary to effectuate its purpose hereunder and may enter into <br /> agreements to secure such Bonds. The Authority may issue other forms of indebtedness <br /> authorized by the Act, and to secure such debt, to further such purpose. The Authority may utilize <br /> other forms of capital, including, but not limited to, the Authority's internal resources, capital <br /> markets and other forms of private capital investment authorized by the Act. <br /> d. The Authority is hereby authorized to do all acts necessary for the exercise of <br /> its powers, including, but not limited to: <br /> (1) executing contracts, <br /> (2) employing agents, consultants and employees, <br /> (3) acquiring, constructing or providing for maintenance and operation of <br /> any building, work or improvement, <br /> (4) acquiring, holding or disposing of real or personal property wherever <br /> located, including property subject to mortgage, <br /> (5) incurring debts, liabilities or obligations, <br /> (6) receiving gifts, contributions and donations of property, funds, services and <br /> any other forms of assistance from persons, firms, corporations or <br /> governmental entities, <br /> (7) suing and being sued in its own name, and litigating or settling any suits <br /> or <br /> claims, <br /> (8) doing any and all things necessary or convenient to the exercise of <br /> its specific powers and to accomplishing its purpose <br /> (9) establishing and/or administering districts to finance and refinance the <br /> acquisition, installation and improvement of energy efficiency, water <br />
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