Loading...
2012-07 ( RESOLUTION NO. 2012-07 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAND TERRACE APPROVING THE AMENDED AND RESTATED JOINT EXERCISE OF POWERS AGREEMENT FOR THE GRAND TERRACE PUBLIC FINANCING AUTHORITY TO INCLUDE GRAND TERRACE HOUSING AUTHORITY AS A PARTY. WHEREAS, the Grand Terrace Redevelopment Agency, Grand Terrace, California ("Agency") was formed for the purpose of revitalizing areas within the City of Grand Terrace ("City") pursuant to Health and Safety Code Section 33000, et. seq.; WHEREAS, In California Redevelopment Association v Matosantos, ("Matosantos") the California Supreme Court upheld AB X1 2b allowing for the dissolution of city redevelopment agencies and overturning AB X1 27 thus precluding redevelopment agencies continued existence as a VARP, WHEREAS, a Public Financing Authority Joint Powers Agreement was entered between the City of Grand Terrace and the Agency; WHEREAS, on or about January 9", 2012, the City opted to serve as Successor Agency to the Agency; WHEREAS, on or about January 30`", 2012, the City activated the Grand Terrace Housing Authority as provided under Health and Safety Code Section 34240 et. seq. in order to continue the housing functions of the Agency; WHEREAS, under Matosantos, the dissolution of the Agency may result in a dissolution or winding up of the Grand Terrace Public Financing Authority; and WHEREAS, the City wishes to maintain the Grand Terrace Public Financing Authority upon dissolution of the Agency and to add the Grand Terrace Housing Authority as a Member in order to facilitate the Housing Authority carrying out its housing functions. NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF GRAND TERRACE DOES RESOLVE, DETERMINE, FIND AND ORDER AS FOLLOWS: SECTION 1. The City hereby agrees to amend the Public Financing Authority Joint Powers Agreement between the City of Grand Terrace and the Grand Terrace Redevelopment Agency to include the Grand Terrace Housing Authority as a party to the Agreement. SECTION 2. The City Council hereby approves and ratifies the Amended and L Restated Joint Exercise of Powers Authority of the Grand Terrace Public Financing Authority attached hereto as Exhibit A. 4 SECTION 3. The City Clerk shall certify to the adoption of this Resolution. PASSED AND ADOPTED by the City Council of the City of Grand Terrace, California, at a regular meeting held on the 30th of January, 2012. � 4k�E�� Walt Stanckiewitz, Mayor ATTEST: City Clerk APPROVED AS TO FORM: Richard L. Adams II, City Attorney I, Tracey R. Martinez, City Clerk of the City of Grand Terrace, do hereby certify that the foregoing Resolution was introduced and adopted at a regular meeting of the City Council of the City of Grand Terrace held on the 30th day of January 30, 2012 by the following vote: AYES: Councilmembers McNaboe, Sandoval and Nays; Mayor Pro Tem Garcia and Mayor Scanckiewirz NOES: None ABSENT: None ABSTAIN: None [ racey R Ma Inez, City rk