CC RES 2005-011 s
RESOLUTION NO. 11
RESOLUTION APPROVING, AUTHORIZING AND DIRECTING
EXECUTION OF AN AMENDED AND RESTATED JOINT EXERCISE OF
POWERS ' AGREEMENT RELATING TO THE CALIFORNIA
STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY
WHEREAS,the City of Rancho Palos Verdes,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 Amended and Restated Joint Exercise of Powers
Agreement Relating to the California Statewide Communities Development Authority,dated as of
June 1, 1988(the"Agreement');and
WHEREAS,there is now before this City Council the form of the Agreement;and
WHEREAS,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; and
WHEREAS, 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;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF RANCHO PALOS VERDES AS FOLLOWS:
Section 1. 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 2. 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 3. The City Clerk of the City shall forward a certified copy of this
Resolution and an originally executed Agreement to:
Angie Sessions
Orrick,Herrington&Sutcliffe LLP
400 Capital Mall,Suite 3000
Sacramento,California 95814
DOCSSC 1:349347.1
Section 4. This resolution shall take effect immediately upon its passage.
ADOPTED by the City Council of the City of Rancho Palos Verdes at a regular
meeting of said Council held on the 1____tday of Februarys 2005,by the following vote:
AYES: Gardiner, Long, Stern, wolowicz, and Mayor Clark
NOES: None
ABSENT: None
Mayer
ATTEST:
ity Clerk
DOCSSC I:349347.1