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HomeMy WebLinkAboutRESOLUTIONS - 06251996 - 96-291 C . 70 COUNTY OF CONTRA COSTA RESOLUTION NO. 96/291 A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF CONTRA COSTA AUTHORIZING THE EXECUTION AND DELIVERY OF A JOINT EXERCISE OF POWERS AGREEMENT TO PARTICIPATE AS AN ASSOCIATE MEMBER OF THE CALIFORNIA RURAL HOME MORTGAGE FINANCE AUTHORITY IN THE RURAL CALIFORNIA GOLD LEASE-PURCHASE PROGRAM WHEREAS, the County of Contra Costa (the "County") desires to participate, as an Associate Member with other counties, pursuant to the laws of the State of California, in the California Rural Home Mortgage Finance Authority's (the"Authority"); Lease-Purchase Program; WHEREAS, there has been presented to this meeting a form of the Joint Exercise of Powers Agreement(the"Agreement"),which Agreement as amended March 1, 1995, creates and establishes the Authority; and which sets terms and conditions for Associate Membership to participate in the Lease-Purchase Program only; WHEREAS,the County may issue Bonds(as defined in the Marks-Roos Local Bond Pooling Act of 1995, being Article 4 of Chapter 5 of Division 7 of Titles 1 commencing at Section 6584 of the Government Code(the"Act"), expend bond proceeds, borrow and loan money for its corporate purposes under various provisions of law, and acquire, sell, develop, lease or administer property pursuant to various provisions of law for the benefit of the lands and inhabitants of the County; WHEREAS, the purpose of the Authority is to assist.the County and the other members of the Authority in providing for the financing, acquisition, construction and rehabilitation of homes for the benefit of the inhabitants of the County and the other Members, including but not limited to issuing bonds to encourage homeownership within the County and the boundaries of the members of the Authority. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS (THE "BOARD") OF THE COUNTY OF CONTRA COSTA: Section 1. The Board hereby finds and declares that entering into the Agreement satisfies various public purposes, including,without limitation, encouraging homeownership within the County. With respect to the financing of the construction, acquisitions, and rehabilitation of homes, the Board declares that this Resolution is being adopted pursuant to Section 52000 of the Health and Safety Code of the State of California. Section 2. The Board finds and declares that the County desire to participate in the Authority's Lease-Purchase Program only and applies for Associate membership in the Authority for that purpose only. Section 3. The form of the Agreement, as submitted to the County and incorporated into this Resolution by reference, is hereby approved. The Chair of the Board, the Vice-Chair, the Director of the Community Development Department, or the Deputy Director- Redevelopment, are hereby authorized to execute and deliver'the Agreement in substantially said form,with such changes or additions thereto that are consistent with this Board's action, or that hereafter may become necessary in the interests of the County and the other members of the Authority and which are reviewed and approved by County Counsel, any such changes or additions to be conclusively evidenced by the execution and delivery of the Agreement. RESOLUTION NO. 96/291 Section 4. The Board acknowledges that Associate Membership in the Authority is subject to the terms and conditions of Associate Membership as set forth in the Agreement and in the By-laws, dated March 29, 1996 and by this Resolution agrees to and accepts those terms and conditions, generally, and specifically, those provisions relating to participating in the Lease-Purchase Program only. Section 5. This Resolution shall take effect from and after its adoption. ADOPTED this Xh day of June 1996 , by the following vote: AYES: Supervisors Rogers, Bishop, DeSaulnier, Torlakson, Smith NOES: None ABSENT: None Cifjt6JBoard of Supervisors ATTEST: June 25, 1996 Phil Batchelor, County Administrator and Clerk of the Board of Supervisors By: Deputy nc:1h sm23/crhmfa.res RESOLUTION NO. 96/291 2