HomeMy WebLinkAbout96-21 RDA Resolution RESOLUTION NO. RDA 96-21
A RESOLUTION OF THE REDEVELOPMEENT AGENCY OF THE CITY
OF TEMECULA AUTHORIZING FORMATION OF A JOINT
EXERCISE OF POWERS AUTHORITY WITH THE CITY OF
TEMEECULA
AS, 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 in the Old
Town and the Westside areas of the City, as contemplated by the respective Specific Plans for
such areas heretofore approved by separate ordinances of the City Council;
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 Title 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
by the Old Town/Westside Community Facilities District Financing Authority; and
WHEREAS, a form of joint exercise of powers agreement between the Agency and the City
creating the Old Town/Westside Improvement Authority (the "Joint Powers Agreement"), has been
filed 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.
NOW, THEREFORE, BE IT RESOLVED 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 "Old
Town/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.
Section 2. Official AcfiQm. 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 powers
Resos.Rda\96-21
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, APPROVED AND ADOPTED, by the Governing Board of the Redevelopment
Agency of the City of Temecula at a regular meeting held on the 26th day of November, 1996.
Patricia H. Birdsall, Chairperson
ATTEST:
Greek, CMC
Agency Secretary/City Clerk
[SEAL]
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STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ss
CITY OF TEMECULA
1, June S. Greek, City Clerk of the City of Temecula, hereby do certify that the foregoing
Resolution No. RDA 96-21 was duly adopted at a regular meeting of the Governing Board of the
Redevelopment Agency of the City of Temecula on the 26th day of November, 1996, by the
following roll call vote:
AYES: 3 AGENCY MEMBERS: Birdsall, Ford, Lindemans
NOES: 0 AGENCY MEMBERS: None
ABSENT: 1 AGENCY MEMBERS: Roberts
ABSTAINED: 1 AGENCY MEMBERS: Stone
June S. Greek, CMC
Agency Secretary/City Clerk
Resos.Rda\96-21 3