HomeMy WebLinkAboutRESOLUTIONS - 01011992 - 1992-197 i
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Jeb 03/51/92
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RMLLMONNO. 92/197
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF CONTRA
COSTA AUTHORIZING FORMATION OF A JOINT POWERS AUTHORITY
WITH THE CONTRA COSTA COUNTY REDEVELOI"I[ENT AGENCY
WHEREAS, the Contra Costa County Redevelopment Agency (the "Agency") and
the County of Contra Costa (the "County") are considering proceedings for the
refinancingof an outstanding obligation of the Agency and the financing of
redevelopment activities of the Agency, and in connection with such proceedings the
Agency and the County propose to farm a joint exercise of powers authority pursuant to
.Article 1 (commencing with section 8600) of Chapter fi of Division 7 of Title 1'of the
California Government Code to exercise the powers of the :Agency and the County and to
establish a vehicle which may reduce local borrowing costs and promote the greater use
of existing and new financial'instruments and mechanisms; and
WHEREAS, a form of joint exercise of powers agreement between the Agency and
the County creating the County of Contra Costa Public Financing Authority (the "Joint
Powers Agreement"), has been presented to this Board of Supervisors,'and the members
of this Board of Supervisors, with the aid of County staff, have reviewed the Joint Powers
Agreement.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF
THE COUNTY OF CONTRA COSTA AS FOLLOWS:
Section 1. Formation of Joint Powers Authority. The Beard of Supervisors hereby
authorizes the officers and staff members of the;County to assist in the organization of:a
joint exercise of powers authority between the County and.the Agency, to be known as the
"County of Contra'Costa Public Financing Authority." The Board of Supervisors hereby
approves and authorizes the Chair to execute and deliver and the County Administrator
and Clerk of the Beard of Supervisors to attest the Joint Powers Agreement forming said
joint exercise of bowers'authority, in substantially the form presented to the Board of
Supervisors at this meeting together with any changes therein deemed advisable by
County Counsel, the approval of such changes to:be conclusively evidenced by the
execution and delivery by the County of the Joint Powers Agreement,
Section 2, QolActon. The Chair, County Administrator'and Clerk of the
Board of Supervisors, and all other officers of the County, 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,
RESOLLT'I ION NO, 92/197
................
Section 3. Effective Date. This resolution shall take effect immediately upon its
adoption.
I hereby certify that the foregoing Resolution was duly adopted by the Board of
Supervisors of Contra Costa County, California, at a regularly scheduled meeting
thereof, held on the_Zt!iday of April 1992, by the following>vote of the Board:
AYES: Suoervisors Powers , Fanden, Torlakson, McPeak
NOES: None
ABSENT: Supervisor Schroder
ATTEST:
Phil Batchelor, Clerk of the Board of
Supervisors and County Administrator
By:
Deputy