2005-20 RESOLUTION NO. 2005-20
RESOLUTION 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 Grand Terrace, 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 California 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
i
WHEREAS,the Agreement has been filed with the City Clerk, and the members of the
City Council of the City,with the assistance of its staff,have reviewed said document;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF GRAND TERRACE AS FOLLOWS:
Section 1. The Agreement is hereby approved and the Mayor of the City is hereby
authorized and directed to execute said document,with such changes, insertions and omissions as may
be approved by said City Council, and the City Clerk is hereby authorized and directed to affix the
City's seal to said document and to attest thereto.
Section 2. The Mayor of the City, the City Administrator, 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.
Section 3. The City Clerk shall forward a certified copy of this Resolution and an
originally executed Agreement to:
Angie Sessions
Orrick,Herrington&Sutcliffe LLP
400 Capital Mall,Suite 3000
Sacramento,California 95814
Section 4. This resolution shall take effect immediately upon its passage.
DOCSSF1:843765.1
ADOPTED by the City Council of the City of Grand Terrace at a regular meeting of
said Council held on the 27th day of October ,2005,by the following vote:
AYES: Councilmembers Hilkey, Garcia, -and Miller; Mayor Pro Tem Cortes and
Mayor Ferre
NOES: None
ABSENT: None
Mayor
ATTEST:
City Cie&
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