HomeMy WebLinkAbout2008 037 CC RESO2008 037 CC RESO HÄ—@¸— ‘ bÍ«RESOLUTION NO. 2008-037
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
BALDWIN PARK APPROVING AMENDMENT NO. 7 TO JOINT
POWERS AGREEMENT WITH THE INDEPENDENT CITIES
LEASE FINANCE AUTHORITY AND PROVIDING OTHER
MATTERS PROPERLY RELATING THERETO
WHEREAS, certain cities of the State of California collectively, the
Members") have entered into a Joint Powers Agreement Creating the Independent Cities
Lease Finance Authority the Joint Powers Agreement"), establishing the Independent
Cities Lease Finance Authority the Authority") and prescribing its purposes and powers;
and
WHEREAS, the Board of Directors of the Authority has approved
Amendment No. 7 to the Joint Powers Agreement, amending the Joint Powers Agreement
to reflect the name change of the organization to the Independent Cities Finance Authority.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Baldwin Park as follows:
Section 1. Approval of Amendment No. 7 to Joint Powers Agreement. This City
Council hereby approves Amendment No. 7 to Joint Powers Agreement and authorizes the
Mayor or the Mayor Pro Tern to execute and the City Clerk to attest the Amendment No. 7,
in substantially the form attached hereto as Exhibit A and incorporated herein by this
reference.
Section 2. Certification. The City Clerk is hereby authorized and directed to certify
to the adoption of this Resolution and to transmit a certified copy hereof and an executed
copy of the Amendment No. 7 to the Independent Cities Lease Finance Authority.
Section 3. Effective Date. This Resolution shall take effect from and after the date
of its passage and adoption.
PASSED, APPROVED AND ADOPTED this 4th day of June 2008.
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2008 037 CC RESO HÄ—@¸— ‘ bÍ«EXHIBIT A
AMENDMENT NO. 7
TO THE
JOINT POWERS AGREEMENT
CREATING THE INDEPENDENT CITIES LEASE AUTHORITY
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2008 037 CC RESO HÄ—@¸— ‘ bÍ«AMENDMENT NO. 7
TO THE
JOINT POWERS AGREEMENT
CREATING THE INDEPENDENT CITIES LEASE AUTHORITY
THIS AMENDMENT NO. 7 TO THE JOINT POWERS AGREEMENT CREATING
THE INDEPENDENT CITIES LEASE FINANCE AUTHORITY this Amendment No. 7") by
and among the CITY OF BALDWIN PARK, the CITY OF COMPTON, the CITY OF
HAWTHORNE, the CITY OF HERMOSA BEACH, the CITY OF HUNTINGTON PARK, the
CITY OF LYNWOOD, the CITY OF SAN FERNANDO, the CITY OF SOUTH GATE and
the CITY OF VERNON, each a municipal corporation duly organized and existing under
the laws of the State of California collectively, the Members");
WITNESSETH:
WHEREAS, the Members have entered into a Joint Powers Agreement
Creating the Independent Cities Lease Finance Authority the Joint Powers Agreement"),
establishing the Independent Cities Lease Finance Authority the Authority") and
prescribing its purposes and powers; and
WHEREAS, the Board of Directors of the Authority has approved
Amendment No. 7 to the Joint Powers Agreement, amending the Joint Powers Agreement
to reflect the name change of the organization to the Independent Cities Finance Authority.
NOW, THEREFORE, in consideration of the above premises and of the mutual
promises herein contained, the Members do hereby agree as follows:
Section 1. Amendment No. 7. Article 5 of the Joint Powers Agreement, entitled
Creation of the Authority," is hereby amended in its entirety to read as follows:
Pursuant to the Joint Powers Law, there is hereby created a public entity
separate and apart from the parties hereto, to be known as the
Independent Cities Finance Authority," with such powers as are
hereinafter set forth.
Section 2. Joint Powers Agreement Effectiveness. Except as amended hereby, the
Joint Powers Agreement and all provisions therein shall remain in full force and effect.
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2008 037 CC RESO HÄ—@¸— ‘ bÍ«IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 7 to
the Joint Powers Agreement Creating the Independent Cities Lease Finance Authority to
be executed and attested by their proper officers thereunto duly authorized, on the day and
year set forth below.
DATE: June 4, 2008
ATTEST:
CITY OFIB
Title: Ma
By:
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2008 037 CC RESO HÄ—@¸— ‘ bÍ«ATTEST:
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES SS:
CITY OF BALDWIN PARK
I, LAURA M. NIETO, 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 a regular meeting of the City Council on June 4,
2008 by the following vote:
AYES: COUNCILMEMBERS: Marlen Garcia, Monica Garcia, Ricardo
Pacheco, Mayor Pro Tern Anthony J.
Bejarano and Mayor Manuel Lozano
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
ABSTAIN: COUNCILMEMBERS: NONE
Y L URA M. NIETO
EPUTY CITY CLERK
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