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Joint Exercise of Powers Agreement creating the RPV Improvement Authority - First Amendment 411 FIRST AMENDMENT TO JQINT EXERCISE OF POWERS AGREEMENT This Agreement is dated June 18, 1996, and is between the City of Rancho Palos Verdes ("City") and the Rancho Palos Verdes Redevelopment Agency ("Agency") , referred to collectively as "the Parties". • RECITALS A. On September 4, 1990, the Parties entered into a Joint Exercise of Powers Agreement which created a Joint Powers Authority pursuant to state law for the purposes of implementing certain provisions of the Reimbursement and Settlement Agreement which was entered into by the City in connection with the settlement of the Horan litigation. B. The purpose of the creation of the Authority was to utilize certain funds paid pursuant to the Reimbursement and Settlement Agreement for the purpose of maintaining landslide abatement improvements constructed by Agency as provided in the Reimbursement and Settlement Agreement, excluding sewers. C. Section 8 of the Joint Exercise of Powers Agreement, as presentlydrafted, could be construed in a manner which is inconsistent with the terms of the Reimbursement and Settlement Agreement. Accordingly, it is necessary to amend that Section to ensure that it is fully consistent with the terms of the Reimbursement and Settlement Agreement. In addition, a revision to Section 12 also would eliminate potential confusion regarding the intent of that Section in light of other provisions of the Agreement. NOW, THEREFORE, THE PARTIES AGREE AS FOLLOWS: Section i. Sections 8 and 12 of the Joint Exercise of Powers Agreement are hereby amended to read as follows: "Section 8. • , • • 0 • . . .N - 1 • I • ; • • I - . of Pgrsonnel, Equipin nt or Property. The Parties may make contributions from their respective treasuries in furtherance of any or all of the purposes set forth in this Agreement. The Parties may make payments of public moneys to defray the cost of any or all of such purposes. The Parties may make advances of public moneys for any or all of such purposes. Such advances shall be repaid as may be provided by separate agreement regarding advances which may be entered into between the Authority and the Party or Parties making such advance. Person- nel, equipment or property of any of the Parties to this Agreement may be used in lieu of other contributions or advances. The moneys may be paid to and disbursed bythe Authority, or by any or all of the Parties. The Authority may receive and dispose of moneys pursuant to and in furtherance of the Reimbursement and Settlement Agreement for the purposes set forth therein to maintain landslide abatement improvements constructed byAgency, enc g y' excluding sewers and excluding g improvements constructed on private property that are not owned by Agency, City or Authority. Y EXHIBIT "A" TO RESOL. NO. 96-48 PAGE 1 OF 2 , , 111 • These moneys shall be paid to the Authority and shall be deposited into the special maintenance fund designated by the Reimbursement and Settlement Agreement with two separate accounts, one account for maintenance of the Abalone Cove area improvements and the other account for maintenance of the Portuguese Bend area improvements, and shall only be used or expended by the Authority consistent with, pursuant to, and in furtherance of the purposes set forth in the Reimbursement and Settlement Agreement. Investment earnings on moneys set aside for maintenance shall be used solely for the purpose of such maintenance. "Section 12. Obligations of Authority; Contracts for Separat.g Responsibility. The debts, liabilities, and obligations of the Authority shall not be the debts, liabilities, and obligations of the Parties." Section 2. The effective date of this Agreement shall be June 18, 1996. IN WITNESS WHEREOF, the undersigned have executed this Agreement on the date indicated below. DATED: June 18, 1996 • CITY OF RANCHO PALOS VERDES BY �� Mayor o f C y f C2:- /- Ranch Pal s Ver s ATTEST: 419 / "C ty Clerk Da ed: June 18, 1996 RANCHO PALOS VERDES REDEVELOPMENT AGENCY pj By: Chaff man o the ncho Palo Verdes Re evelopment Agency ATTEST: 1 Secretary of the Redevelopment Agency • EXHIBIT "A" TO RESOL. NO. 96-48 PAGE 2 OF 2 RESOLUTION NO. 96 -48 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES APPROVING AN AMENDMENT TO THE 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 mg., ("the Act") provides that public agencies by agreement may y jointly exercise any power common to the contracting parties. B. The City of Rancho Palos Verdes ("City") and the Rancho Palos Verdes Redevelopment Agency ("Agency") are "public agencies"within the meaning of that term under Section 6502 of such Act. C. Pursuant to the Act, the City and the Agency entered into a Joint Exercise of Powers Agreement, dated September 4, 1990 ("Agreement"), which created d the Rancho Palos Verdes Improvement Authority("Authority"). The principal purpose of the Authority is to maintain improvements constructed by Agency in furtherance of 9 Y the Reimbursement and Settlement Agreement dated October 13, 1987, byand among the Cit City, the Agency and the County of Los Angeles. D. The City and the Agency desire to amend the Agreement as set forth in the First Amendment To Joint Exercise of Powers Agreement, which is attached hereto as Exhibit "A" and incorporated herein by this reference. 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 September 1990, byP 4, and between the City of Rancho Palos Verdes and the Rancho Palos Verdes Redevelopment Agency, is hereby amended, as set forth in Exhibit "A" hereto. The .noC ' C{ 0 0 Mayor is hereby authorized and directed for and on behalf of the City of Rancho Palos Verdes, to execute and deliver such Amendment for and on behalf of the City. PASSED, APPROVED and ADOPTED this 18th day of June, 1996. 1Sf MARILYN LYON Mayor ATTEST: • • /S/ JO PURCELL City Clerk STATE OF CALIFORNIA } COUNTY OF LOS ANGELES • } SS CITY OF RANCHO PALOS VERDES } I, Jo Purcell, City Clerk of the City of Rancho Palos Verdes, hereby certify that the above Resolution No. 96-48 was duly and regularly passed and adopted by the City Council at a regular meeting thereof held on June 18, 1996. • City Clerk • City of Rancho Palos Verdes RESOLUTION NO.96-48 PAGE 2 OF 2