ARA1992-02P~LUTION NO. /~RA92-2
A RESOLUTION OF TI-IF ANAHEIM REDEVEI iDPMENT AGENCY AUTHORIZING
FORMATION OF A JOINT POWERS AUTHORITY WITH THE CITY OF ANAtIEllVI
WHEREAS, the Anaheim Redevelopment Agency (the "Agency~') and the City of
Anaheim (the "City") are considering proceedings for the refinancing of various
outstanding obligations of the Agency and in connection with such proceedings the
Agency and the City propose to form a joint exercise of powers authority pursuant to
Article I (commencing with S~ction 6500) of Chapter 5 of Division 7 o£ Title 1 of the
California Government Code to exercise the powers of the Agency and the City and to
establish a vehicle which may reduce local borro~4ng costs and promote the greater use
of existing and new financial instruments and meclmaisms; and
k~'~tEREAS, a form of joint exercise of powers agreement between the Agency and
the City creating the Anaheim-Public Financing Authority (the "Joint Powers
A~eement"), has been filed with the Secretary of the Agency, and the members of the
Asency, with the aid of)~en~, staff, have re,'iewed the Joint Powers Agreement.
NOW, THEREFORE, BE IT RESOL\~D BY 'THE .~AIdEIM PdgDEVEI~PMEN?
AGENCY AS FOLLOWS:
Section 1. ~ormat, ion of Joint Powers Authority. The Governing Board of tho
Affency 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 "Anaheim Public Financing Authority". rPhe Ooverning Board of the
Agency l~ereby approves and authorizes the Chairman, Vice-Chairman, Executi;,e
Director or Treasurer, each ac4ing alone, to execute and deliver and the Secretary to
a~test the Joint Powers Agreement forming ~aid joint exorcise of powers authority, in
substantially the form on file ~5th the Secretary together with any changes therein
deemed advisable by counsel to the Agency, the approval of such changes to be
conclusively evidenced by the execution and delivery by the Agency. of the Joint Powers
Agreement.
Section 2. Official _Actions. The Chmrman, Vice-Chairman, Executive Director,.
TTeasurer and Secretary of the Agency, and all other officers 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 pow-ars authority,
including bu~ not limited to the execution and delivery of any and all agreements,
certificates, instrument, s and other documents, which they, or any of them, may deem
necessa~, or desirable and not inconsistent with the purt)oses of this resolution.
Section 3. Effective Date_, This resolution shall take effect immediately upon its
adoption.
vote:
PASSED, APPROVED ADOPTED this 23thday of January, 1992 by the following
Simpson, Ehrle, Pickler, Daly and Hunter
None
AYES:
NOES:
ABSENT:
ABSTAIN:
ATTF_~T:
None
None
Secretary
Chilean, AnaheiI~~
Agency ~ ~ -
I HEREBY CERTIFY that the foregoing resolution was duly and regularly passed
and adopted by the Anaheim Redevelopment Agency at a r~gn.flar m~eting thereof held on
s aidthe 22~daYl~solution.Of January, 1992 and that th~_ foregoing is a full, true and correct copy of
Secref~ry of the Anaheim Redevelopme~
Al~ency