HomeMy WebLinkAbout2002 106 CC RESO2002 106 CC RESO ;¢f4 Ÿ = RESOLUTION NO. 2002-106
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
BALDWIN PARK APPROVING AMENDMENT NO. 3 TO JOINT
POWERS AGREEMENT CREATING THE INDEPENDENT
CITIES LEASE FINANCE AUTHORITY AND PROVIDING
OTHER MATTERS PROPERLY RELATING THERETO
WHEREAS, this City together with certain other cities of the State of California
collectively, the Members") entered into the Joint Powers Agreement Creating the
Independent Cities Lease Finance Authority as heretofore amended, the Joint Powers
Agreement"), establishing the Independent Cities Lease Finance Authority the Authority")
for the purposes of assisting public agencies to finance the acquisition, construction,
installation and/or equipping of public capital improvements, the undertaking of home
mortgage financing programs with respect to Members and associate members Associate
Members") of the Authority, and the encouragement and promotion of other joint and
cooperative endeavors among such public agencies for their mutual benefit;
WHEREAS, it is proposed to amend the Joint Powers Agreement to include among
its purposes the providing of financing in connection with the improvement, construction,
acquisition, creation, rehabilitation and preservation of affordable housing within the
boundaries of the Members and Associate Members, and the providing of financing in
accordance with the provisions of applicable law in connection with other projects and
programs that are in the public interest and which benefit Members and Associate
Members including making loans to tax-exempt organizations from the proceeds of
mortgage revenue bonds to finance the acquisition of multi-family rental housing, including
mobile home parks, under the provisions of Chapter 8 of Part 5 of Division 31
commencing with Section 52100) of the Health and Safety Code; and
WHEREAS, the City Council has determined that it is appropriate and in the best
interests of the City to approve the proposed amendment to the Joint Powers Agreement
NOW. THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF
THE CITY OF BALDWIN PARK, CALIFORNIA AS FOLLOWS:
SECTION 1. Approval of Amendment No. 3. The City Council hereby approves
Amendment No. 3 to Joint Powers Agreement Creating The Independent Cities Lease
Finance Authority in the form presented to this meeting and on file with the City Clerk.
SECTION 2. Notice of Approval. The Mayor of the City is hereby directed to give
the Authority notice of such approval in accordance with the notice requirements of Article
23 of the Joint Powers Agreement.
SECTION 3. Effective Date. This Resolution shall take effect from and after the
date of its passage and adoption.
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2002 106 CC RESO ;¢f4 Ÿ = Resolution No. 2002-106
Page 2
APPROVED AND ADOPTED November 20th, 2002
Mayor
ATTEST:
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES) ss:
CITY OF BALDWIN PARK
I, Rosemary M. Ramirez. Chief 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
November 20, 2002, by the following vote:
AYES:
COUNCILMEMBERS:
NOES: COUNCILMEMBERS:
ABSENT: COUNCILMEMBERS:
ABSTAIN:
CIB.MEMBERS:
Bit! Van Cleave, Linda Gair, Ricardo Pacheco.
Mayor Pro Tern Marten Garcia and Mayor
ManuelLozano
None
None
None
Rosemary M.Kamrrfez, CMC^
Chief Deputy City Clerk
BIB]
37638-U01
2002-U02
106-U02
CC-U02
RESO-U02
LI3-U03
FO8417-U03
FO8678-U03
DO8985-U03
C6-U03
RESO-U03
1/16/2003-U04
ROBIN-U04