Laserfiche WebLink
ATTACHMENT 1, EXHIBIT F <br /> orrick <br /> Orrick,Herrington&Sutcliffe LLP <br /> The Orrick Building <br /> 405 Howard Street <br /> San Francisco,CA 94105-2669 <br /> +1 415 773 5700 <br /> orrick.com <br /> October 15, 2020 Roger Davis <br /> E rogerdavii@orrick.com <br /> D +1 415 773 5758 <br /> CSCDA Community Improvement Authority <br /> 1100 K Street <br /> Sacramento,CA 95814 <br /> Re: CSCDA Community Improvement Authority <br /> The CSCDA Community Improvement Authority("CSCDA CIA") has been formed pursuant to <br /> a Joint Exercise of Powers Agreement, dated as of October 15, 2020(the"Agreement"), between <br /> two original members, Yolo County and the City of Woodland (the "Charter Members"). In <br /> accordance with Section 12 of the Agreement, additional cities, counties and other local <br /> government entities may join CSCDA CIA (each a Non-Charter Member or "Additional <br /> Member"and, together with the Charter Members, the "Members"). You have asked whether an <br /> Additional Member is exposed to liability by virtue of its decision to become a Member of <br /> CSCDA CIA and/or its approval of bonds proposed to be issued by CSCDA CIA. <br /> CSCDA CIA is a political subdivision of the State of California created under the California <br /> Joint Powers Act (California Government Code Section 6500 and following) (the "Act") and the <br /> Agreement. Pursuant to the Act (Section 6503.5), a joint powers agreement may, and the <br /> Agreement in Section 3A does, create an entity, CSCDA CIA,that is separate from the parties to <br /> the agreement. <br /> CSCDA CIA has adopted a policy to not issue bonds or other forms of indebtedness for certain <br /> types of projects, including workforce housing, unless a public entity in which the proposed <br /> Project ("the Project") is located is a Member and the governing body of such Additional <br /> Member(or Charter Member, as the case may be) approves the issuance of bonds for the Project. <br /> The Act (Section 6508.1) provides that a joint powers agreement may, and the Agreement in <br /> Section 3A does, specify that the bonds and other debts, liabilities or obligations of CSCDA CIA <br /> do not constitute debts, liabilities or obligations of any Members. <br /> 4160-9835-5240.2 <br />