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CC RESOLUTION 3583is IDB462/SNW/700997- e/5/031888 RESOLUTION NO. 3583 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OFEL SEGUNDO AUTHORIZING THE EXECUTION AND DELIVERY OF A JOINT POWERS AGREEMENT CREATING THE INDEPENDENT CITIES LEASE FINANCE AUTHORITY, APPROVING THE MEP?ERSHIP OF THE CITY IN SUCH AUTHORITY, APPOINTING THE CITY'S REPRESENTATIVE AND ALTERNATE REPRESENTATIVE TO THE AUTHORITY'S BOARD OF DIRECTORS, AND RELATED MATTERS; RESCINDING RESOLUTION N0. 3530. WHEREAS, the City of EL SEGUNDO (the "City ") is a municipality duly organized and existing under the Constitution and laws of the State of California (the "State ") (and the Charter of the City); WHEREAS, pursuant to California Government Code Section 6500 et seq. (the "Act "), the City is authorized to enter into an agreement with one or more other public agencies to jointly exer- cise any power common to the contracting parties and to create an agency or entity which is separate from the parties to the agree- ment to administer the agreement; WHEREAS, the City Council of the City proposes to enter into a Joint Powers Agreement Creating. the Independent Cities Lease Finance Authority (the "Agreement ") with each of those cities listed on the attached Exhibit A as shall also approve the Agreement, and thereby create the Independent Cities Lease Finance Authority (the "Authority ") to administer the Agreement; WHEREAS, the Authority is empowered to issue its lease revenue bonds pursuant to the provisions of the Marks -Roos Local Bond Pooling Act of 1985 (California Government Code Section 6584 et. seq., as amended (the "Bond Act ") to finance the cost of public capital improvements of any local agency as defined therein; WHEREAS, the City Council proposes to enter into the Agreement for the purpose of creating the Authority so as to provide low -cost sources of financing for the acquisition,• construction, installation and /or equipping of public capital improvements of the City and other local agencies as defined in the Act and for the other purposes described in the Agreement. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF EL SEGUNDO AS FOLLOWS: SECTION 1. Declaration of Council. This Council. hereby specifically finds and declares that the actions authorized hereby constitute and are with respect to public affairs of the City, and that the statements, findings and i 0 determinations of the City set forth in the preambles above and of the documents approved herein are true and correct. SECTION 2. Agreement. The form of Joint Powers Agreement Creating the Independent Cities Lease Finance Authority, among the City and one or more of the Cities listed in Exhibit A, pursuant to which the Authority is created, presented to this meeting and on file with the Clerk of the City Council is hereby approved. The Mayor, City Manager, City Clerk and any other City officer or official of the City authorized by the Mayor are hereby authorized and directed, for and in the name and on behalf of the City, to execute, acknowledge and deliver said Agreement in substantially said form, with such changes therein as such officer may approve, such approval to be conclusively evidenced by the execution and delivery thereof. The Clerk of the City Council is hereby authorized and directed to attest the signature of the authorized signatory, and to affix and attest the seal of the City, as may be required or appropriate in connection with the execution and delivery of said Agreement. SECTION 3. Membership in Authority. The partic- ipation of the City as a Member in the Authority is hereby approved. The officers of the City are hereby authorized to direct the performance of the obligations of the City under the Agreement, including the payment of any annual membership fees and expenses set by the Board of Directors of the Authority. SECTION 4. Appointment of Representatives. The Council hereby appoints ALAN WEST , a member of the Council, to serve as the representative o' f the City on the Authority's Board of Directors, and JOSE SANCHEZ, a member of the staff of the City, to serve as the alternate representative of the City on the Authority's Board of Directors. 14 Such appointments shall be effective until the death, resignation, disqualification or subsequent removal by the City Council of such representative. SECTION S. Further Actions. The Mayor, City Manager and City Clerk and any other officer or official of the City authorized by the Mayor, are hereby authorized and directed, jointly and severally, to do any and all things and to execute and deliver any and all documents which they may deem necessary or advisable in order to effect the creation of the Authority and otherwise to carry out, give effect to and comply with the terms and intent of this resolution and the Agreement. Such actions heretofore taken by such officers are hereby ratified, confirmed and approved. -2- . SECTION 6. Resolution No. 3530 previously adopted by City Council on May 3, 1988 is hereby rescinded. SECTION 7. Effective Date. This Resolution shall take effect immediately upon its passage. Passed, approved and adopted t� s day of March 1988. A I// yor • STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) CITY OF EL SEGUNDO ) if RONALD L. HART , City Clerk of the City of EL SEGUNDO, hereby certify that the foregoing Resolution No. was pas-sed and adopted by the City Council of the City of EL SEGUNDO signed by the Mayor and attested to by the City Clerk at a regular meeting of said Council on the day of MARCH , 1988 and that said Resolution was adopted by the followi —'ng vote, to wit: AYES: Mayor Carl Jacobson, Mayor Pro Tem Scot Dannen, Councilmen H.R. "Bob" Anderson, Jim Clutter and Alan West. NOES: none ABSENT: none 0 -3- er 0 �1 LJ 0 EXHIBIT A PROPOSED MEMBER CITIES -4- STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) SS CITY OF EL SEGUNDO ) I, Ronald L. Hart City Clerk of the City of E1 Segundo, California, DO HEREBY CERTIFY that the whole number of members of the City Council of the said City is five; that the foregoing resolution, being Resolution No. 3583 was duly passed and adopted by the said City Council, approved and signed by the Mayor of • said City, and attested by the City Clerk of said City, all at a adjourned regular meeting of the said Council held on the 14th day of March 1989 and that the same was so passed and adopted by the following vote: AYES: Councilmembers Clutter, Dannen, West, Anderson and Mayor Jacobson NOES: None ABSENT: None WITNESS MY HAND THE OFFICIAL SEAL OF SAID CITY this 7th day of March, 1989. '0 RONALD L. HART City Clerk of the City of El Segundo, California (SEAL)