HomeMy WebLinkAbout95-078 CC ResolutionRESOLUTION NO. 95-78
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TEMECULA
AUTHORIZING FORMATION OF TWO JOINT EXERCISE OF POWERS
AUTHORITIES WITH THE REJ)EVELOPMENT AGENCY OF 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 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 City and the Agency propose to
form two distinct and separate joint exercise of powers authorities 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 City and the Agency, 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 accordance with
the financing of some of the improvements; and
WHEREAS, a form of joint exercise of powers agreement between the City and the
Agency creating the Old Town/Westside Improvement Authority (the "Old Town/Westside
Joint Powers Agreement"), and form a joint exercise of powers agreement between the City
and the Agency creating the Old Town/Westside Community Facilities District Financing
Authority (collectively, the "Joint Powers Agreements"), have been filed with the City
Clerk, and the members of the City Council of the City, with the aid of City staff, have
reviewed the Joint Powers Agreements.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Temecula
as follows:
Section 1. Formation of Joint Powers Authorities. The City Council hereby
authorizes the officers and staff members of the City to assist in the organization of two joint
exercise of powers authorities between the City and the Agency, one to be known as the
"Old Town/Westside Improvement Authority", and the other to be known as the "Old
Town/Westside Community Facilities District Financing Authority". The City Council
hereby approves and authorizes the Mayor to execute and deliver and the City Clerk to attest
the Joint Powers Agreements forming said joint exercise of powers authorities, in the
respective forms on file with the City Clerk together with any changes therein deemed
advisable by the City Attorney, the approval of such changes to be conclusively evidenced by
the execution and delivery by the City of the Joint Powers Agreements.
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Section 2. Official Actions. The Mayor, City Manager, City Clerk and all other
officers of the City, 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
authorities, 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 City Council of the City of Temecula,
at a regular meeting held on the 12th day of September, 1995.
Mayor
ATrEST:
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STATE OF CALIFORNIA)
COUNTY OF RIVERSIDE) SS
CITY OF TEMECULA)
I, June S. Greek, City Clerk of the City of Temecula, hereby do certify that the
foregoing Resolution No. 95-78 was duly adopted at a regular meeting of the City Council of
the City of Temecula on the 12th day of September, 1995 by the following roll call vote:
AYES:
4 COUNCILMEMBERS: Birdsall, Lindemans, Parks, Roberts
NOES:
0 COUNCILMEMBERS: None
ABSENT:
0 COUNCILMEMBERS: None
ABSTAINED:
1 COUNCILMEMBERS: Stone
~ Greek,~~MC, C
June S i ity Clerk
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