RES 18-992 - Laserfiche WebLink

• • • GOLDEN STATE FINANCE AUTHORITY ti AMENDED AND RESTATED JOINT EXERCISE OF POWERS AGREEMENT (Original dale July.1, 1993 and as last amended and restated May 5, 2015) THIS AMENDED AND 'RESTATED JOINT EXERCISE OF POWERS AGREEMENT ("Agreement") is entered into by and among the counties listed on Attachment 1 hereof and incorporated herein by reference. All such counties'are referred to herein as "Members"with the respective powers,privileges and restrictions provided herein. RECITALS A. WHEREAS, the ,California Rural Home Mortgage Finance Authority ("CRHMFA") was created by a Joint Exercise of Powers Agreement dated July 1, 1993 pursuant.to the Joint Exercise of Powers Act (commencing with Article 1 of Chapter 5 of Division 7 of Title 1 of the Government Code of the State of California (the'"Act"). By Resolution 2003-02, adopted on • January 15, 2003, the name of the authority was changed to CRHMFA Homebuyers Fund. On December 10, 2014, the name of the authority was changed to California Home Finance . Authority. The most recent amendment•to the Joint Exercise of Powers- Agreement was on December 10, 2014.. • B. WHEREAS, the Members of California Home Finance- Authority desire to update, reaffirm,clarify and revise certain provisions of the joint powers agreement,including the renaming of the joint powers authority,as set forth herein. C. WHEREAS, the Members are each empowered by law to finance the construction, acquisition,improvement and rehabilitation of-real property. - D. WHEREAS,by this Agreement, the Members desire to create and establish a joint powers authority- to exercise their respective powers for the purpose of financing the construction, acquisition,improvement and rehabilitation-of real property within the jurisdiction of the Authority as authorized by the Act. • NOW, THEREFORE, in consideration of the mutual covenants contained herein, the Members . individually and collectively agree as follows: I. Definitions • Unless the context otherwise requires, the following terms shall for purposes of this Agreement have the meanings specified below: . "Act"means the Joint Exercise of Powers Act, commencing with Article 1 of Chapter 5 of Division 7 of Title 1 of the Government Code of the State of California, including the Marks-Roos Local Bond Pooling Act of 1985,as amended. - - 41,(402 ) qt_.., Daniel G Sodergren, Cit/Attorney utions to its property owners to achieve energy efficiency and water conservation and in doing so cooperate with Authority in order to efficiently and economically assist property owners within the City in financing such Authorized Improvements; WHEREAS, the Authority has established the District, as permitted by the Act and the Authority JPA, originally made and entered into July 1, 1993, as amended to date, and the City desires to become an Associate Member of the JPA by execution of the JPA Agreement, a copy of which is attached as Exhibit "A" hereto, to participate in the programs of the JPA and to assist property owners within the territory of the City in financing the cost of installing Authorized Improvements; and WHEREAS, the City will not be responsible for the conduct of any special tax proceedings; the levy and collection of special taxes or any required remedial action in the case of delinquencies in the payment of any special taxes in connection with the District.