HomeMy WebLinkAbout97-10 RDA ResolutionRESOLUTION NO. RDA 97-10
A ~LUTION OF THE REDEVELOPME~ AGENCY OF
THE CITY OF TEMECULA AUTHORIZING FORMATION
OF A JOINT EXERCISE OF POWERS AUTHORITY WITH
THE CITY OF TEMECULA
WHEREAS, the Redevelopment Agency of the City of Temecula (the "Agency") and the
City of Temecula (the "City") desire to assist in the provision of public capital improvements and
the potential acquisition of land for public benefit and public purposes in the Westside area of the
City, as contemplated by the Specific Plan for such area heretofore approved by ordinance of the
City Council and otherwise to assist in the development of the proposed RogersDale project; and
WHEREAS, in connection with such assistance, the Agency and the City propose to form
a joint exercise of powers authority pursuant to Article 1 (commencing with Section 6500) of
Chapter 5 of Division 7 of Tifie 1 of the California Government Code, to exercise the powers of
the Agency and the City, and to enable the use of financing techniques that may reduce local
borrowing costs, and to otherwise promote the greater use of existing and new financial
instruments and mechanisms, all in connection with the financing of some of the improvements
and land acquisition by and through a community facilities district to be formed by such joint
powers authority; and
WHEREAS, a form of joint exercise of powers agreement between the Agency and the
City creating the Westside Improvement Authority (the "Joint Powers Agreement"), has been fried
with the Secretary of the Agency, and the members of the Governing Board of the Agency, with
the aid of Agency staff, have reviewed the Joint Powers Agreement and now desire to approve
it and authorize its execution and delivery.
NOW, THEREFORE, BE IT RESOL~ by the Governing Board of the
Redevelopment Agency of the City of Temecula as follows:
Section 1. Formation of Joint Powers Authority. The Governing Board of the
Agency hereby authorizes the officers and staff members of the Agency to assist in the
organization of a joint exercise of powers authority between the Agency and the City, to be known
as the "Westside Improvement Authority." The Governing Board of the Agency hereby approves
and authorizes the Chairperson to execute and deliver and the Secretary to attest the Joint Powers
Agreement forming said joint exercise of powers authority, in the form on file with the Secretary
together with any changes therein deemed advisable by counsel to the Agency, the approval of
such changes to be conclusively evidenced by the execution and delivery by the Agency of the
Joint Powers Agreement.
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Section 2. Off'w. ial Actions. The Chairperson, Executive Director, Secretary and all
other officers of the Agency, are hereby authorized and directed to take all actions and do all
things necessary or desirable hereunder with respect to the formation of said joint exercise of
powers authority, 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.
PASSED, APPROVEI~ AND ADOPTED, by the Board of Directors of the Temecula
Redevelopment Agency this 9th day of December, 1997.
ATTEST:
J~. Greek, CMC/A~'~
Agency Secretary/City Clerk
[SEAL]
Re~o.Rda/97-10 2
STATB OF CALIFORNIA )
COUNTY OF RIVF~$IDB )
CITY OF ~ULA )
$$
I, June S. Greek, City Clerk of the City of Temecula, HEREBY DO CERTIFY that the
foregoing Resolution No. RDA 97-10 was duly adopted at a regular meeting of the Governing
Board of the Redevelopment Agency of the City of Temecula on the 9th day of December, 1997,
by the following vote:
4 AGENCY MEMBERS: Comew. ha'o, Lindemarts, ~, Ford
NOF~:
0 AGENCY MEMBERS:
ABSENT: 1 AGENCY MEMBERS: Stone
June S. Greek, CMC/AAE
Agency Secretary/City Clerk
Re~o.Rd~/97-10 3