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HomeMy WebLinkAbout2004 054 CC RESO2004 054 CC RESOHÄ—@¸—™»Í«RESOLUTION NO. 2004-054 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BALDWIN PARK, CALIFORNIA, APPROVING AMENDMENT NO. 4 TO THE 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; making loans to tax exempt organizations for the purchase of bonds to fund the acquisition of mufti-family residential housing including mobile home parks; 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 with regard to process/procedures to: 1) clarify that public entities other than cities may participate as members and associate members of the Authority; 2) change the cities that are used to limit the Authority in its exercise of powers; 3) provide that member cities may appoint two alternate Board Members; 4) provide for compensation of Board Members; 5) clarify that most Board meetings are special meetings and that the President may call the same; 6) clarify that elections of Officers may take place at either annual or special meetings; 7) define the responsibilities of the Auditor; 8) permit the adoption of multi-year budgets; 9) separate the responsibilities of the Auditor and Treasurer; 10) provide that a majority of the Board may approve new members and eliminates the requirement that cities pay dues to the Independent Cities Association in order to maintain membership in the Authority; 11) further clarify that the Bylaws are the vehicle in which operating procedures are established; and 12) provide that amendments to the Joint Powers Agreement are considered effective when a majority of the members have approved them. 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 RESOLVED by the City Council of the City of Baldwin Park, California as follows: SECTION 1. Approval of Amendment No. 4. The City Council hereby approves Amendment No. 4 to the Joint Powers Agreement Creating The Independent Cities Lease Finance Authority in the form presented to this meeting and on file with the City Clerk. BIB] 39323-U01 2004-U02 054-U02 CC-U02 RESO-U02 LI3-U03 FO8417-U03 FO35399-U03 DO107571-U03 C6-U03 RESO-U03 8/28/2007-U04 ROBIN-U04 2004 054 CC RESOHÄ—@¸—™»Í«Resolution No. 2004-054 Page 2 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. PASSED AND APPROVED this 4th day of August 2004. 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 approved and adopted at a regular meeting of the City Council on August 4, 2004 by the following vote: AYES: COUNCILMEMBERS: Marlen Garcia, David J. Olivas, Bill Van Cleave, Mayor Pro Tern Ricardo Pacheco and Mayor Manuel Lozano NOES: COUNCILMEMBERS: None ABSENT: COUNCILMEMBERS: None ABSTAIN: COUNCILMEMBERS: None ROSEMARY RA CMC CHIEF DEPU CLERK BIB] 39323-U01 2004-U02 054-U02 CC-U02 RESO-U02 LI3-U03 FO8417-U03 FO35399-U03 DO107571-U03 C6-U03 RESO-U03 8/28/2007-U04 ROBIN-U04