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CC RESOLUTION 3603RESOLUTION NO. 3603 A RESOLUTION OF THE CITY COUNCIL OF EL SEGUNDO, CALIFORNIA, AUTHORIZING CERTAIN AMENDMENTS TO THE JOINT POWERS AGREEMENT CREATING THE INDEPENDENT CITIES LEASE FINANCE AUTHORITY AND CERTAIN MATTERS RELATING THERETO. WHEREAS, the City of E1 Segundo is a municipality duly organized and existing under the Constitution and laws of the State of California; and WHEREAS, pursuant to California Government Code Section 6500 et seq., the City is authorized to enter into an agreement with one or more other public agencies to jointly exercise any power common to the contracting parties and to create an agency or entity which is separate from the parties to the agreement to administer the agreement; and WHEREAS, the City has heretofore entered into a Joint Powers Agreement creating the Independent Cities Lease Finance Authority (the "Agreement ") with those cities listed on the attached Exhibit "A" which created the Independent Cities Lease Finance Authority (the "Authority "); and WHEREAS, the cities of Hermosa Beach and Vernon indicated their desire to become a member of the Authority; and WHEREAS, there has been presented at this meeting a proposed amendment to the Agreement admitting the cities of Hermosa Beach and Vernon to the Authority; and WHEREAS, this City Council desires to approve the admission of the cities of Hermosa Beach and Vernon to the Authority and approve the amendment to the Agreement. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EL SEGUNDO AS FOLLOWS: SECTION 1. Recitals. This City Council hereby finds and determines that the above recitals and each of them are true and correct. SECTION 2. Amendment To Agreement. The admission of the cities of Hermosa Beach and Vernon to the Independent Cities Lease Finance Authority is hereby approved subject to said cities executing the Joint Powers Agreement creating the Independent Cities Lease Finance Authority and delivering such executed Agreement to the Secretary of the Authority. SECTION 3. Other Acts. The Mayor, City Manager and City Clerk and any other officer or official of the City so designated by the Mayor are hereby authorized and directed jointly and severally to do any and all things and execute and deliver any and all documents which they may deem necessary or advisable in order to effect the admission of the cities of Hermosa Beach and Vernon to 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. SECTION 4. Effective Date. This resolution shall take effect immediately upon its passage. PASSED APPROVED AND ADOPTED this 1st day of ust, 1989. ayor of tP46 City of E1 Segundo California ATTEST: City Clerk EXHIBIT A INDEPENDENT CITIES LEASE FINANCE AUTHORITY MEMBER CITIES Baldwin Park Claremont Compton El Segundo Hawthorne Huntington Park Indio Lynwood Manhattan Beach San Fernando South Gate i C I STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) SS CITY OF EL SEGUNDO ) I, Ronald L. Hart, City Clerk of the City of El Segundo, California, DO HEREBY CERTIFY that the whole number of members of the City Council of said City is five; that the foregoing resolution, being Resolution No. 3603 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 regular meeting of the said Council held on the 1st day of August, 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 15th day of August, 1989. • RONALD L. HART City Clerk of the City of El Segundo, California (SEAL)