RES 18-993 - Laserfiche WebLink

• • GOLDEN STATE FINANCE AUTHORITY AMENDED AND RESTATED JOINT EXERCISE OF POWERS AGREEMENT . (Original date 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 sand • incorporated herein by reference. All such counties are referred to herein as "Members"withthe • 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 1 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..adopted, - December 10, 2014, the name of the authority was changed to California•Home Finance Authority. The most recent amendment to the Joint Exercise sof Powers Agreement was 1 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 1 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: • 1. 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 I of the Government Code of the State of California, including the Marks-Roos Local Bond Pooling Act of 1985,as amended. Karen Diaz, City Cl _ Dated: / 24 / d APP OVED p a FORM: Ura/ ,� "(1' Daniel G Sodergren, City Attorney ement, 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 jurisdiction of the City in financing the cost of installing Improvements; and WHEREAS, the City will not be responsible for the conduct of any assessment proceedings; the levy and collection of assessments or any required remedial action in the case of delinquencies in the payment of any assessments or the issuance, sale or administration of any bonds issued in connection with the Authority PACE Program. NOW, THEREFORE BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES RESOLVE, DECLARE, DETERMINE AND ORDER THE FOLLOWING: nd 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.