92-009 RESOLUTION NO. 92R-9
: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM
.::~ ~,,~. AUTHORIZING FORMATION OF A JOINT POWERS AUTHORITY
WITH TItE ANAHEIM REDEVELOPMENT AGENCY
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 section 6500) of Chapter 5 of Division 7 of Title I of the
California Government Code to exercise the powers of the Agency and the City and to
establish a vehicle which may reduce local borrowing costs and promote the greater use
of existing and new financial instruments and mechanisms; and
WHEREAS, a form of joint exercise of powers agreement between the Agency and
the City creating the Anaheim Public Financing .Authority (the "Joint Powers
Agreement"), has been filed with the City Clerk, and the members of the City CcunciI,
with the aid of City staff, have reviewed the Joint Powers Agreement.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF ANAHEIM AS FOLLOWS:
Section 1. Formation of Joint Powers Authority. The City Council hereby
authorizes the officers and staff members of the City 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." The City Council hereby approves and
authorizes the Mayor, the City Manager, the Community Development Director or the
Finance Director, each acting alone, to execute and deliver 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, the approval of such changes to be conclusively evidenced by the
execution and delivery by the City of the Joint Powers Agreement.
Section 2. Official Action. The Mayor, City Manager, Community Development
Director, Finance Director and City Clerk of the City, and all other officers of the City, 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,
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 this resolution.
Section 3. Effective Date. This resolution shall take effect immediately upon its
adoption.
PASSED, APPROVED and ADOPTED this 28th day of Jan,tory. 1992 by the
following vote:
AYES: Simpson, Ehrle, Pickler, Daly and Hunter
NOES: None
ABSENT: None
ABSTAIN: None
M~ C% o ahe' m~
ATTEST:
City Clerk of the City of Anaheim,
California
(SEAL)
I, Leonora N. Sohl , City Clerk of Anaheim, California, do hereby
certify that the foregoing Resolution No. ~ was duly and regularly passed and
adopted by the City Council of the City of Anaheim at a regular meeting thereof held on
the28thday of January , 1992, and that the foregoing is a full, true, and correct copy of
said Resolution.
City Clerk of the City of Anaheim,
California
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