1990-02 RESOLUTION NO . 90-02
5 �}
-�" A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF GRAND TERRACE AUTHORIZING
FORMATION OF A JOINT POWERS AUTHORITY WITH
THE CITY OF GRAND TERRACE
WHEREAS , the City of Grand Terrace ( the "City " ) and .the
Redevelopment Agency 'of the City of Grand Terrace ( the "Agency " )
are each authorized- to own , lease , purchase , receive and hold
property necessary or convenient for their governmental
operations ; and
WHEREAS , the financing of the acquisition of property
by the City and the Agency acting separately may result- in X.
duplication of effort, inefficiencies in administration , and
excessive cost, all of which , in the judgment of the City and
Agency , could be eliminated if the financing of the acquisition
of property were capable of being performed through a single
public agency ; and
WHEREAS , in furtherance thereof, the City and the
Agency propose to form a joint exercise of powers authority
pursuant to Article I ( commencing with Section 6500 ) of Chapter 5
of Division 7 of Title 1 of the California Government Code to
exercise the common powers of the Agency and the City ; and
WHEREAS, the form of joint exercise of powers agreement
between the City and the Agency creating the Grand Terrace . Public
Financing Authority ( the " Joint Powers Agreement " ) , has been
filed with the Agency, and the members of the Agency,
aid of its staff., have reviewed the Joint Powers Agreement ;
with the
ent ; 0
NOW, THEREFORE, BE IT RESOLVED by the City Council of 9(
the City of Grand Terrace as follows :
Section 1 . Formation of Joint Powers. Authority . The
Agency hereby authorizes the officers and staff members of the
Agency to assist in the . organization of a joint exercise of
powers authority between the City and the Agency, to be known as
the "Grand Terrace Public Financing Authority . " The City Council
hereby approved the form of, and authorizes the Mayor , the City
Manager or the Finance Director to execute and the City Clerk . to
attest the Joint Powers Agreement forming said joint exercise of
powers authority , in substantially the form on file with the City
Clerk together with any changes therein deemed advisable by the
City Attorney .
Section 2. Official Actions . The Chairman ,irman , the Treasurer , the Executive Director and the Secretary of the
Agency, 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,
RESOLUTION NO . 90-02
PAGE 2
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 the formation
of this authority as set forth in this Resolution .
Section 3. Effective Date . This Resolution shall take
effect immediately upon its passage and adoption .
Section 4. Adopted at a regular meeting of the City
of Grand Terrace Redevelopment Agency held on the 13th day of
December , 1990 .
PASSED , APPROVED , AND ADOPTED this 13th day of
December , 1990.
77 JCZ
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6IT-7�:'�R A 7 T E S U N , �CY61F
C Y OF GRAND TERRACE
i ATTEST :
ACTING DEPUTY CITY CLERK
APPROVED AS TO FORM :
JEAN 4RC Y—A1=T 7RNEY
RESOLUTION NO . 90-02
PAGE 3
STATE OF CALIFORNIA )
COUNTY OF SAN BERNARDINO ) ss .
CITY OF GRAND TERRACE )
I , BRENDA STANFILL, ACTING DEPUTY CITY CLERK of the
CITY OF GRAND TERRACE, CALIFORNIA, DO HEREBY CERTIFY that the
foregoing Resolution No . 90-02 was duly passed , approved , and
adopted by the City Council , approved and signed by the Mayor,
and attested by the Acting Deputy City Clerk , all at the meeting
of said City Council held on the 13th day of December 1990, and
that the same was passed and adopted by the following vote :
AY E S : Chairman Matteson; Vice-chairman Grant
Agency Members Carlstrom, Christianson, Hilkey
NOES : None
ABSENT : None
ABSTAIN : None
ACTING DEPUTY I Y
CITY OF GRAND TERRA E