HomeMy WebLinkAbout2021-07-13 - RESOLUTIONS - CMFA SPECIAL FINANCE AGENCY XI (2)RESOLUTION NO.21-50
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA CLARITA,
CALIFORNIA, APPROVING, AUTHORIZING, AND DIRECTING EXECUTION OF A
JOINT EXERCISE OF POWERS AGREEMENT RELATING TO THE CALIFORNIA
MUNICIPAL FINANCE AUTHORITY SPECIAL FINANCE AGENCY XI
WHEREAS, pursuant to Chapter 5 of Division 7 of Title 1 of the Government Code of the
State of California (Act), the City of Santa Clarita (City) and the California Municipal Finance
Authority (CMFA, and together with the City: Members) propose to enter into a Joint Exercise of
Powers Agreement (Agreement) in order to form the CMFA Special Finance Agency XI
(Agency);
WHEREAS, the City has determined that it is in the public interest and for the public
benefit that the City become a member of the Agency for the purpose of promoting economic,
cultural, and community development, including the financing of projects therefore by the
Agency, and in order to exercise any powers common to the Members or granted by the Act; and
WHEREAS, the Agreement has been filed with the City, and the members of the City
Council of the City (City Council), with the assistance of its staff, have reviewed the Agreement.
NOW, THEREFORE, the City Council of the City of Santa Clarita, California, does
hereby resolve as follows:
SECTION 1. The foregoing recitals are true and correct.
SECTION 2. The City hereby requests to become a member of the Agency. The
Agreement is hereby approved, and the Mayor or the designee is hereby authorized and directed
to execute said document.
SECTION 3. The adoption of this resolution shall not obligate the City or any
department thereof, except as provided in this resolution, to take any further action with respect to
the Agency or its membership therein.
SECTION 4. The executing officers(s), the City Clerk, and all other proper officers and
officials of the City are hereby authorized and directed to execute such other agreements,
documents, and certificates, and to perform such other acts and deeds, as may be necessary or
convenient to affect the purposes of this resolution and the transactions herein authorized.
SECTION 5. The City Clerk shall certify to the adoption of this resolution and shall
forward a certified copy of this resolution and an originally executed Agreement to the Agency to:
Jones Hall, A Professional Law Corporation
475 Sansome Street, Suite 1700
San Francisco, CA 94111
Attention: Ronald E. Lee, Esq.
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PASSED, APPROVED, AND ADOPTED this 13'' day of July 2021.
MAYOR
ATTEST:
CITY CLERK /
DATE:/y1
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF SANTA CLARITA )
I, Mary Cusick, City Clerk of the City of Santa Clarita, do hereby certify that the
foregoing Resolution No. 21-50 was duly adopted by the City Council of the City of Santa Clarita
at a regular meeting thereof, held on the 131h day of July 2021, by the following vote:
AYES: COUNCILMEMBERS: Weste, Gibbs, McLean, Smyth, Miranda
NOES: COUNCILMEMBERS: None
ABSENT: COUNCILMEMBERS: None
CITY CLERK
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1
SIGNATURE PAGE FOR JPA AGREEMENT
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and
attested by their duly authorized representatives as of the day and year first above written.
1
ATTEST:
City Clerk
Date:
1
Charter Member:
California Municipal Finance Authority
By
Name:
Title:
Charter Member:
City of Santa Clarita
By
Name: Bill Miranda
Title: Mayor