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General - Type
Resolutions
General 2 - Date
3/15/2005
Number
R-760
Description
California Statewide Communities Development Authority
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RESOLUTION NO. 760 <br /> <br />RESOLUTION APPROVING, AUTHORIZING AND DIRECTING <br />EXECUTION OF AN AMENDED AND RESTATED JOINT EXERCISE OF <br />POWERS AGREEMENT RELATING TO THE CALIFORNIA <br />STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY <br /> <br /> WHEREAS, the governing board ("Governing Board") of the Redevelopment <br />Agency of the City of Riverside (the "Agency"), has expressed an interest in participating in the <br />economic development financing programs (the "Programs") in conjunction with the parties to that <br />certain Amended and Restated Joint Exercise of Powers Agreement Relating to the Califomia <br />Statewide Communities Development Authority, dated as of June 1, 1988 (the "Agreement"); and <br /> <br />WHEREAS, there is now before this Governing Board the form of the Agreement; <br /> <br />and <br /> <br /> WHEREAS, the Agency proposes to participate in the Programs and desires that <br />certain projects to be located within the Agency be financed pursuant to the Programs and it is in the <br />public interest and for the public benefit that the Agency do so; and <br /> <br /> WHEREAS, the Agreement has been filed with the Agency, and the members of the <br />Goveming Board of the Agency, with the assistance of its staff, have reviewed said document; <br /> <br /> NOW, THEREFORE, BE IT RESOLVED BY THE GOVERNING BOARD OF <br />REDEVELOPMENT AGENCY OF THE CITY OF RIVERSIDE AS FOLLOWS: <br /> <br /> Section 1. The Agreement is hereby approved and the Chairman or designee <br />thereof is hereby authorized and directed to execute said document, with such changes, insertions <br />and omissions as may be approved by said Chairman, and the Agency Secretary or such Agency <br />Secretary's designee is hereby authorized and directed to affix the Agency's seal to said document <br />and to attest thereto. <br /> <br /> Section 2. The Chainnan, the Agency Secretary and all other proper officers <br />and officials of the Agency are hereby authorized and directed to execute such other agreements, <br />documents and certificates, and to perform such other acts and deeds, as may be necessary or <br />convenient to effect the purposes of this Resolution and the transactions herein authorized. <br /> <br /> Section 3. The Agency Secretary of the Agency shall forward a certified copy <br />of this Resolution and an originally executed Agreement to: <br /> <br />Angie Sessions <br />Ordck, Herrington & Sutcliffe LLP <br />400 Capital Mall, Suite 3000 <br />Sacramento, Califomia 95814 <br /> <br />DOCSSC 1:350552.1 <br /> <br /> <br />
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