HomeMy WebLinkAbout99-094 - ResolutionsRESOLUTION NO. 99-094
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
RANCHO CUCAMONGA, CALIFORNIA APPROVING A JOINT
EXERCISE OF POWERS AGREEMENT WITH THE RANCHO
CUCAMONGA REDEVELOPMENT AGENCY AND THE RANCHO
CUCAMONGA FIRE PROTECTION DISTRICT TO FORM THE
RANCHO CUCAMONGA PUBLIC FINANCE AUTHORITY
WHEREAS, there is a need within the City of Rancho Cucamonga (the "City") to
finance and refinance the construction, expansion, upgrading and improvement of the public capital
facilities necessary to support the rehabilitation and construction of residential and economic
development within the City; and
WHEREAS, the City, the Rancho Cucamonga Redevelopment Agency (the
"Agency") and the Rancho Cucamonga Fire Protection District (the "District") desire to jointly
facilitate the financing and the refinancing of such public capital facilities; and
WHEREAS, the City, the Agency and the District desire, pursuant to Article 1
(commencing with Section 6500) of Chapter 5 of Division 7 of Title 1 of the California Government
Code, to enter into a Joint Exercise of Powers Agreement (the "Agreement") for the purpose of
creating the Rancho Cucamonga Public Finance Authority (the "Authority"); and
WHEREAS, the form of the Agreement has been filed with the City Council, and the
City Council, with the aid of the employees of the City, has reviewed the Agreement.
NOW, THEREFORE, BE IT RESOLVED, AND DETERMINED:
SECTION 1. The foregoing recitals are true and correct.
SECTION 2.
The City Council hereby authorizes the officers and employees of
the City to assist in the organization of a joint exercise of powers
authority, to be known as the "Rancho Cucamonga Public Finance
Authority." The City hereby approves the form of, and authorizes the
Mayor, to execute and the City Clerk to attest, the Agreement
forming such authority, in substantially the form on file with the City
Clerk, together with any changes therein deemed advisable by City
Attorney and bond counsel.
SECTION 3.
The Mayor, the Mayor Pro-tem, the City Manager, the Treasurer and
the City Clerk, and any other officers or employees of the City, are
hereby authorized and directed to take all actions and do all things
Resolution No. 99-094
Page 2
necessary or desirable hereunder with respect to the formation of
the Authority, including but not limited to the execution and delivery
of any and all agreements, certificates, instruments and other
documents, which they, or any of them, may deem necessary or
desirable and not inconsistent with the purposes of this resolution.
SECTION 4.
This Resolution shall take effect immediately upon its adoption. The
record of proceedings upon which this decision is based is located
in the office of the City Clerk, who is the custodian of records for the
same.
PASSED, APPROVED, AND ADOPTED this 21st day of April, 1999.
AYES: Alexander, Biane, Curatalo, Dutton, Williams
NOES: None
ABSENT: None
ABSTAINED: None
ATTEST:
Debra J. Adams, CMC, City Clerk
I, DEBRA J. ADAMS, CITY CLERK of the City of Rancho Cucamonga, California,
do hereby certify that the foregoing Resolution was duly passed, approved and adopted by the City
Council of the City of Rancho Cucamonga, California, at a regular meeting of said City Council held
on the 21't day of April, 1999.
Executed this 22nd day of April, 1999, at Rancho Cucamonga, California.
Debra J. Adams;?~VfC, City Clerk