CC RES 1990-071RESOLUTION NO* 90-71
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF RANCHO PALOS VERDES APPROVING A JOINT
EXERCISE OF POWERS AGREEMENT BETWEEN THE CITY
OF RANCHO PALOS VERDES AND THE RANCHO PALOS
VERDES REDEVELOPMENT AGENCY
RECITALS:
A. The Joint Exercise of Powers Act, California
Government Code section 6500, et seg., provides that public
agencies by agreement may jointly exercise any power common to
the contracting parties*
B. The City and the Agency are "public agencies"
within the meaning of that term under Section 6502 of such Act.
Co The common powers of the City and the Agency
include the power to install and construct public improvements
and to accept financial assistance from other public agencies.
The City and the Agency desire to exercise jointly certain powers
common to them, including the foregoing and including the expan-
sion, upgrading and improvement of public capital improvements
within the City*
Do By adding the provisions of Article 4 to the Joint
Powers Act, the State Legislature has provided assistance to
reduce local borrowing costs, to help accelerate the construc-
tion, repair, and maintenance of public capital improvements, and
to promote greater use of existing and new financial instruments
and mechanisms*
E. There is a need within the City, consistent with
the need described in the declarations of the State Legislature
set forth in Article 4 of the Joint Exercise of Powers Act, to
expand, upgrade, and otherwise improve the public capital facili-
ties of local government necessary to support the rehabilitation
and construction of residential and economic development, includ-
ing the need to install, construct, repair and maintain public
capital improvements, necessary, desirable or appropriate to
abate geologic hazards in the City. The needs of local govern-
ment for financing these facilities greatly exceed the amount of
funds available from existing state, local, and federal sources.
F. The City and the Agency desire to enter into this
Agreement in furtherance of the Reimbursement and Settlement
Agreement dated October 13, 1987, by and among the City, the
Agency and the County of Los Angeles and the Joint Exercise of
Powers Act, including Article 4 thereof*
900830 lem 1670198 (1)
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES
HEREBY FINDS, DETERMINES, RESOLVES AND ORDERS AS FOLLOWS.
Section 1. The Joint Exercise of Powers Agreement,
dated as of September 4, 19.90, by and between the City of Rancho
Palos Verdes and the Rancho Palos Verdes Redevelopment Agency,
which has been presented to the City Council at this meeting and
which is on file in the office of the City Clerk, is hereby
approved, and the Mayor is hereby authorized and directed for and
on behalf of the City of Rancho Palos Verdes, to execute and
deliver such Agreement for and on behalf of the City.
Section 2. The powers conferred upon the Rancho Palos
Verdes Improvement Authority described by such Agreement and by
the Joint Exercise'of Powers Act,, California Government Code
Section 6500, et seg.., including, without limitation, Article 4
thereof, will provide significant public benefits'. by creating a
separate public entity to implement the purposes of the Joint
Powers Act and to implement the installation, construction,
repair and maintenance of public capital improvements, including,
without limitation, those necessary, desirable or appropriate to
abate geologic hazards within the City,
AYES:
NOES
ABSENT:
ABSTAIN.
EST
PASSED, APPROVED AND ADOPTED, this 4th day of
September, 1990.
McTAGGART, BACHARACH, AND CHAIRMAN HUGHES
NONE
NONE
HINCHLIFFE AND RY2
CITY CLERK
STATE OF CALIFORNIA
COUNTY OF -LOS ANGELES 3 ss
CITY OF RANCHO PALOS VERDES
I, JO PURCELL, City Clerk of Rancho Palos Verdes, hereby
certify that the above Resolution No. 90-71 was duly and regularly
passed and adopted by the said City Council at - a regular meeting
thereof held on September 4, 1990. .01-1k ;-111?
CIT /CLERK
CIT OF RANCHO PALOS VERDES
RESOLO- 90-71
-2-
900830 lem 1670198 (1)