HomeMy WebLinkAboutResolution No. 6382 RESOLUTION NO. 6382
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY APPROVING,
AUTHORIZING AND DIRECTING EXECUTION OF AN AMENDED AND RESTATED
JOINT EXERCISE OF POWERS AGREEMENT RELATING TO THE CALIFORNIA
STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY
WHEREAS, the City of Downey, California (the "City "), has expressed an
interest in participating in the economic development financing programs (the "Programs ")
in conjunction with the parties to that certain Amended and Restated Joint Exercise of
Powers Agreement Relating to the Califomia Statewide Communities Development
Authority, dated as of June 1, 1988 (the "Agreement "); and
WHEREAS, there is now before this City Council the form of the Agreement;
and
WHEREAS, the City proposes to participate in the Programs and desires
that certain projects to be located within the City be financed pursuant to the Programs
and it is in the public interest and for the public benefit that the City do so; and
WHEREAS, the Agreement has been filed with the City, and the members of
the City Council of the City, with the assistance of its staff, have reviewed said document;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF DOWNEY
DOES RESOLVE AS FOLLOWS:
Section 1. The Agreement is hereby approved and the Mayor or the City
^ Manager or designee thereof is hereby authorized and directed to execute said document,
with such changes, insertions and omissions as may be approved by said Mayor or City
Manager, and the City Clerk or such Clerk's designee is hereby authorized and directed to
affix the City's seal to said document and to attest thereto.
Section 2. The Mayor, the City Manager, the City Clerk and all other
proper officers and officials of the City are hereby authorized and directed to execute such
other agreements, documents and certificates, and to perform such other acts and deeds,
as may be necessary or convenient to effect the purposes of this Resolution and the
transactions herein authorized.
RESOLUTION 6382
Section 3. The City Clerk of the City shall forward a certified copy of this
Resolution and an originally executed Agreement to:
Ana Marie del Rio, Esq.
Orrick, Herrington & Sutcliffe LLP
Old Federal Reserve Bank Building
400 Sansome Street
San Francisco, Califomia 94111 ,.
Section 4. This resolution shall take effect immediately upon its passage.
The City Clerk shall certify to the adoption of this Resolution.
APPROVED AND ADOPTED this 27th day of June , 2000.
KEITH MC CARTHY, Mayor
ATTEST:
J DITH E. MC DONNELL, City Clerk
I HEREBY CERTIFY that the foregoing Resolution was adopted by the City
Council of the City of Downey at a regular meeting held on the 27th day June
2000, by the following vote, to wit:
AYES: 3 Council Members: Winningham, Perkins, McCarthy
NOES: 0 Council Members: None
ABSENT:1 Council Members: McCaughan
O ITH E. MC DONNELL, City lerk
DOCSSF1:448211.1
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