HomeMy WebLinkAboutRDA 02-3RESOLUTION NO. RDA 02-3
A RESOLUTION OF THE BOARD OF DIRECTORS
OF THE TUSTIN COMMUNITY REDEVELOPMENT
AGENCY AUTHORIZING THE EXECUTION OF AN
AMENDMENT TO THE JOINT EXERCISE OF
POWERS AGREEMENT CREATING THE TUSTIN
PUBLIC FINANCING AUTHORITY
RESOLVED, by the governing board (the "Board") of the Tustin Community
Redevelopment Agency (the "Agency"), as follows:
WHEREAS, the Agency and the City of Tustin (the "City" and, with the Agency, 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
Tustin Community Redevelopment Agency as follows:
Section 1. Amendment of Agreement. The Board hereby authorizes the Executive
Director, or the Executive Director's designee, to execute, and the Secretary to attest, an
amendment to the Agreement, in substantially the form on file with the Secretary,
together with any changes therein deemed advisable by counsel to the Agency.
Section 2. Official Actions. The Executive Director, the Assistant Executive Director, the
Treasurer, and all other proper officers of the Agency 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 Board.
APPROVED and ADOPTED by the Board of Directors of the Tustin Community
Redevelopment Agency on September 23, 2002.
ATTEST:
amela Stoker, Secretary
Chairperson
City of Tustin
TUSTIN COMMUNITY REDEVELOPMENT AGENCY
RESOLUTION CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF TUSTIN )
RESOLUTION NO. RDA 02-3
I, PAMELA STOKER, Recording secretary of the Community Redevelopment Agency of the City
of Tustin, California, does hereby certify that the whole number of the members of the Community
Redevelopment Agency is five; that the above and foregoing resolution was passed and adopted
at a special meeting of the Tustin Community Redevelopment Agency held on the 23rd day of
September, 2002, by the following vote:
AGENCY MEMBER AYES:
AGENCY MEMBER NOES:
AGENCY MEMBER ABSTAINED:
AGENCY MEMBER ABSENT:
Thomas, Worley, Bone, Doyle
None
None
Kawashima
Pamela Stoker, Recording Secretary