24 - Laserfiche WebLink

Section 1. The foregoing recitals are true and correct. Section 2. The City hereby requests to become an Additional Member of the Authority pursuant to Section 12 of the Agreement. The Agreement is hereby approved and. the [Mayor/Chair/President] or the designee thereof is hereby authorized and directed to execute said document, and the City Clerk or such Clerk's designee is hereby authorized and directed to attest thereto. Section 3. The proposed form of Public Benefit Agreement on file with the City Council is hereby approved. In connection with any Workforce Housing Project or, if requested by the Authority, in connection with another type of property, the [City Manager/Director of Finance] or the designee thereof is hereby authorized and directed to execute an agreement in substantially said form, with such changes therein as such officer executing the same may require or approve, such approval to be conclusively evidenced by the execution and delivery thereof. Section 4. The City Council hereby approves the issuance of Bonds by the Authority to finance Projects within the City from time to time. Section 5. The issuance of Bonds shall be subject to the approval of the Authority of all financing documents relating thereto to which the Authority is a party. The City shall have no responsibility or liability whatsoever with respect to the Bonds. Section 6. The adoption of this Resolution shall not obligate the City or any department thereof to (i) provide any financing to acquire or construct any Project or any refinancing of any Project; (ii) approve any application or request for or take any other action in connection with any planning approval, permit or other action necessary for the acquisition, construction,rehabilitation or operation of any Project; (iii)make any contribution or advance any funds whatsoever to the Authority; or(iv) except as provided in this Resolution, take any further action with respect to the Authority or its membership therein. Section 7. The executing officers(s), the City Clerk and all other proper officers and officials of the City are hereby authorized and directed to execute such other agreements, documents and certificates, and to perform such other acts and deeds, as may be necessary or convenient to effect the purposes of this Resolution and the transactions herein authorized. • Section 8. The City Clerk shall forward a certified copy of this Resolution and an originally executed Agreement to the Authority: CSCDA Community Improvement Authority 1100 K Street, Suite 101 Sacramento,California 95814 Attention: Chair Section 9. This resolution shall take effect immediately upon its passage. ADOPTED by the City Council of the City of[ ] at a regular meeting of the City Council held on the day of , 20_, by the following vote: OHSUSA:757692504.2 2