HomeMy WebLinkAboutCC RES 02-090RESOLUTION NO. 02-90
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF TUSTIN AUTHORIZING THE EXECUTION
OF AN AMENDMENT TO THE JOINT EXERCISE OF
POWERS AGREEMENT CREATING THE
TUSTIN PUBLIC FINANCING AUTHORITY
RESOLVED, by the City Council (the "Council") of the City of Tustin (the "City"), as
follows:
WHEREAS, the City and the Tustin Community Redevelopment Agency (the "Agency"
and, with the City, the "Members"), have heretofore approved the Joint Exercise Powers
Agreement, dated as of May 1, 1995 (the "Agreement") under Articles 1 through 4
(commencing with section 6500) of Chapter 5, Division 7, Title 1 of the California
Government Code, for the purpose of establishing a vehicle which may reduce local
borrowing costs and promote the greater use of existing and new financial .instruments
and mechanisms, and have established the Tustin Public Financing Authority (the
"Authority");
WHEREAS, the Members have determined to amend the Agreement to provide
additional powers to the Authority;
NOW, THEREFORE, BE IT RESOLVED, DETERMINED AND ORDERED by'the City
Council of the City of Tustin as follows:
Section 1. Amendment of Agreement. The Council hereby authorizes the City Manager,
or the City Manager's designee, to execute, and the City Clerk to attest, an amendment
to the Agreement, in substantially the form on file with the City Clerk, together with any
changes therein deemed advisable by the City Attorney.
Section 2. Official Actions. The City Manager, the Assistant City Manager, the Finance
Director, and all other proper officers of the City are hereby authorized and directed to
take all actions and do all things necessary or desirable hereunder, 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 3. This Resolution shall take effect upon its adoption by the Council.
APPROVED and ADOPTED by the City Council of the City of Tustin on September 23,
2002.
ATTEST:
0~Pamela Stoker, City Clerk
City of Tustin
RESOLUTION CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF ORANGE )SS
CITY OF TUSTIN )
RESOLUTION NO. 02-90
I, PAMELA STOKER, City Clerk and ex-officio Clerk of the City Council of the City of
Tustin, California, hereby certifies that the whole number of the members of the City
Council of the City of Tustin is five; and that the above and foregoing Resolution No. 02-
90 was adopted at a special meeting of the City Council held on the 23rd day of
September, 2002, by the following vote:
COUNCILMEMBER AYES:
COUNCILMEMBER NOES:
COUNCILMEMBER ABSTAINED:
COUNCILMEMBER ABSENT:
Thomas, Worley, Bone, Doyle
None
None
Kawashima
~r:~amela Stoker, City Clerk