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RESOLUTION NO. 19425 <br /> <br /> 1 <br /> <br /> 2 <br /> <br /> 3 <br /> <br /> 4 <br /> <br /> 5 <br /> <br /> 6 <br /> <br /> 7 <br /> <br /> 8 <br /> <br /> 9 <br /> <br />10 <br /> <br />11 <br /> <br />12 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RIVERSIDE, <br />CALIFORNIA, APPROVING ASSOCIATE MEMBERSHIP AGREEMENT WITH <br />THE INDEPENDENT CITIES LEASE FINANCE AUTHORITY AND PROVIDING <br />OTHER MATTERS PROPERLY RELATING THERETO. <br /> <br /> WHEREAS, certain cities of the State of California (collectively, the "Members") have <br /> entered into a Joint Powers Agreement creating the Independent Cities Lease Finance Authority (the <br /> "Joint Powers Agreement"), establishing the Authority and prescribing its purposes and powers, as <br /> amended by an Amendment No. 1 thereto providing, among other things, for associate members of <br /> the Authority (an "Associate Member"); <br /> WHEREAS, the Authority has been formed for the purpose, among others, of assisting its <br /> Members and Associate Members in the participation in Home Mortgage Financing Programs (as <br /> defined in the Joint Powers Agreement) and in financing the acquisition, construction, improvement <br />13 and/or equipping of public capital improvements; and <br />14 WHEREAS, the City desires to become an Associate Member of the Authority as <br />15 provided in the Associate Membership Agreement, in the form on file with the City Clerk; <br />16 NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Riverside, <br />17 California, as follows: <br />18 Section 1. Approval of Associate Membership Agreement. The City Council hereby <br />19 approves and authorizes the Mayor to execute and the City Clerk to attest the Associate <br />20 Membership Agreement pursuant to which the City shall become an Associate Member of the <br />21 Independent Cities Lease Finance Authority forming the Authority, in substantially the form on file <br />22 with the City Clerk. <br />23 Section 2. Official Actions. The Mayor, the City Manager, Finance Director, City <br />24 Treasurer, City Clerk and City Attorney of the City, are hereby authorized and directed to take all <br />25 actions and do all things necessary or desirable hereunder with respect to the Associate Membership <br />26 Agreement, including but no limited to the execution and delivery of any and all agreements, <br />27 certificates, instruments and other documents, which they, or any of them, may deem necessary or <br /> <br />City Attornev's Office <br />3900 Main Sireet <br />Riverside, CA 92522 <br />(909) 782-5567 <br /> <br /> <br />