RES 18-992 - Laserfiche WebLink

"Agreement'means this Joint Exercise of Powers Agreement,as the same now exists or as it may from time to time be amended as provided herein. "Associate Member' means a county, city or other public agency which is not a voting member of the Rural County Representatives of California, a California nonprofit corporation ("RCRC"), with legal power and authority similar to that of the Members, admitted pursuant to paragraph 4.d. below to associate membership herein by vote of the Board. "Audit Committee"means a committee made up of the Executive Committee. • "Authority" means Golden State Finance Authority (GSFA) formerly known as California Home Finance Authority ("CHF"), or CRHMFA Homebuyers Fund or California Rural Home Mortgage Finance Authority, 'Board'means the governing board of the Authority as described in Section 7 below. "Bonds" means bonds, notes, warrants, leases, certificates of participation, installment purchase agreements, loan agreements and other securities or obligations issued by the Authority, or financing agreements entered into by the Authority pursuant to the Act and any other obligation within the meaning of the term"Bonds"under the Act, "Delegate" means the Supervisor designated by the governing board of each Member to serve on the Board of the Authority. "Executive Committee"means the Executive Committee of the Board established pursuant to Section 10 hereof. • "Member" means any county which is a member of RCRC, has executed this Agreement and has become a member of the Authority. "Obligations"means bonds, notes, warrants, leases, certificates of participation, installment purchase agreements, loan agreements and other securities or obligations issued by the Authority, or financing agreements entered into by the Authority pursuant to the Act and any other fmancial or legal obligation of the Authority under the Act. • "Program" or "Project" means any work, improvement, program, project or service undertaken by the Authority. 'Rural County Representatives of California' or "RCRC" means the nonprofit entity incorporated under that name in the State of California. • "Supervisor"means an elected County Supervisor from an RCRC member county. eanings 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.