HomeMy WebLinkAbout2000 105 CC RESO2000 105 CC RESO (Ìì ½ ¶ RESOLUTION NO. 2000-105
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
BALDWIN PARK APPROVING AND ADOPTING THE
SECOND AMENDMENT OF THE SAN GABRIEL VALLEY
COUNCIL OF GOVERNMENTS JOINT POWERS
AUTHORITY AMENDED AND RESTATED JOINT
EXERCISE OF POWERS AGREEMENT
WHEREAS, the San Gabriel Valley Council of Governments SGVCOG") was
established by that certain Joint Powers Authority Agreement the Agreement") entered
into as of March 1, 1994; and
WHEREAS, the City is a party to the Agreement and a member of the SGVCOG;
and
WHEREAS, the membership of the SGVCOG amended the Agreement, effective
September 17, 1998, creating the Alameda Corridor East Construction Authority
Authority") for the purpose of implementing the Alameda Corridor East Project ACE
Project"); and
WHEREAS, the Authority is proceeding to implement the ACE Project; and
WHEREAS, the Project is being funded by Federal. State and local Agency
grants that are disbursed on a reimbursement basis; and
WHEREAS, the Authority has determined that to responsibly manage the ACE
Project and meet its cash flow requirements the SGVCOG needs the express power to
borrow money; and
WHEREAS, the SGVCOG may obtain the power to borrow money to resolve the
cash flow needs of the Authority only by amending the Agreement; and
WHEREAS, unless the authority to borrow money as set forth below, is granted
by adoption of this Resolution by the Members of the SGVCOG, the Authority will
experience a cash shortfall thereby negatively impacting continuing progress on the
ACE Project; and
WHEREAS, adoption of this Resolution will not result in any additional liability for
the City, nor affect the City's creditworthiness in any manner whatsoever;
NOW. THEREFORE. THE CITY COUNCIL OF THE CITY OF BALDWIN PARK
DOES HEREBY RESOLVE AS FOLLOWS:
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2000 105 CC RESO (Ìì ½ ¶ Resolution No. 2000-105
Page 2
SECTION 1. That Paragraph B, entitled Common Powers" of Section 4, entitled
Purpose and Powers of the Council" of the Agreement is hereby amended by adding
subparagraph 15 to read as follows:
15) Borrow money, incur indebtedness and/or issue
bonds pursuant to the Constitution of the State of California
and any of the laws of the State of California and to exercise
any implied power necessary to exercise the express powers
provided for in this subparagraph 15, provided, however that
any borrowing hereunder shall be for the purpose of
financing the Project, as defined in Section 27 of this
Agreement and shall be repaid solely from funds pledged
otherwise designated for the Project. Borrowings authorized
hereunder shall be subject to Section 16 of this Agreement.
SECTION 2. The City Clerk shall certify to the adoption of this resolution and
shall transmit a certified copy of it immediately upon its adoption to the San Gabriel
Valley Council of Governments.
APPROVED AND ADOPTED this 20th day of October, 2000.
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2000 105 CC RESO (Ìì ½ ¶ Resolution No. 2000-105
Page 3
ATTEST:
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES ss:
CITY OF BALDWIN PARK
I, ROSEMARY M. RAMIREZ, Deputy City Clerk of the City of Baldwin Park, do
hereby certify that the foregoing Resolution was duly and regularly approved and
adopted by the City Council of the City of Baldwin Park at its regular meeting of the City
Council on December 6, 2000, by the following vote:
AYES: COUNCILMEMBERS;
NOES: COUNCILMEMBERS:
Linda Gair, Marlen Garcia, William Bill"
Van Cleave. Mayor Pro Tern Ricardo
Pacheco and Mayor Manuel Lozano
None
ABSENT: COUNCILMEMBERS: None
ABSTAIN: COUNCILMEMBERS: None
Rosemai'y'M. Ramirez
Deputy CityCterk
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