CC RESOLUTION 44234423
RESOLUTION NO
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EL
SEGUNDO APPROVING, AUTHORIZING, AND DIRECTING
EXECUTION OF A JOINT EXERCISE OF POWERS AGREEMENT
RELATING TO THE CALIFORNIA MUNICIPAL FINANCE AUTHORITY
BE IT RESOLVED by the Council of the City of El Segundo as follows
SECTION 1 The City Council finds and declares as follows:
A City of El Segundo, California (the "City "), has expressed an interest in
participating in the economic development financing programs (the "Programs ")
in conjunction with the parties to that certain Joint Exercise of Powers Agreement
Relating to the California Municipal Finance Authority, dated January 1, 2004
(the "Agreement ")
B. There is now before this City Council the form of the Agreement
C. The City proposes to participate in the Programs and desires that certain projects
to be located within the City, be financed pursuant to the Programs and it is in the
public interest and for the public benefit that the City do so
D The Agreement has been filed with the City, and the members of the City Council
of the City, with the assistance of its staff, have reviewed said document
SECTION 2 The Agreement is hereby approved and the Mayor or the City Manager or
designee thereof is hereby authorized and directed to execute said document, with such
changes, insertions and omissions as may be approved by said Mayor or City Manager,
and the City Clerk or such Clerk's designee is hereby authorized and directed to affix
the City's seal to said document and to attest thereto
SECTION 3 The Mayor, the City Manager, 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 effect the purposes of this Resolution and the
transactions herein authorized
SECTION 4 City Clerk of the City shall forward a certified copy of this Resolution and
an originally executed Agreement to-
Harriet M Welch, Esq
Squire, Sanders & Dempsey LLP.
801 South Figueroa Street, 14th Floor
Los Angeles, CA 90017
SECTION 5 The City Clerk is directed to certify the adoption of this Resolution, record
this Resolution in the book of the City's original resolutions; and make a minute of the
adoption of the Resolution in the City Council's records and the minutes of this meeting
SECTION 6- This resolution will become effective immediately upon adoption and will
remain effective unless repealed or superseded
PASSED, APPROVED, AND ADOPTEg this 1 _7t"ay of May 2005
ATTEST•
CINDY MORTESEN, CITY CLERK
FORM
k YARK D HEN
, CITY ATTORNEY
Mayor
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STATE OF CALIFORNIA }
COUNTY OF LOS ANGELES } ss
CITY OF EL SEGUNDO }
I, Cindy Mortesen, City Clerk of the City of El Segundo, do hereby certify
that the foregoing Resolution No 4423 was adopted at a regular
meeting of the City Council of the City of El Segundo held on May 17,
2005, by the following vote
AYES McDowell, Gaines, Boulgarides, Busch, Jacobson
NOES None
ABSENT None
ABSTAIN None
A,"t 60
CINDY MORTESEN
CITY CLERK
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