Agmt14 California Enterprise Development Authority (CEDA) membership

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ASSOCIATE MEMBERSHIP AGREEMENT by and between the CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY and the CITY OF REDWOOD CITY, CALIFORNIA THIS ASSOCIATE MEMB RSHI AGREEMENT (this "Associate Membership Agreement"), dated as of � �� , 2014 by and between CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY (the "Authority") and the CITY OF REDWOOD CITY, CALIFORNIA, a municipal corporation, duly organized and existing under the laws of the State of California(the"City"); WITNESSETH: WHEREAS, the Cities of Selma, Lancaster and Eureka (individually, a "Member" and collectively, the "Members"), have entered into a Joint Powers Agreement, dated as of June 1, 2006 (the"Agreement"), establishing the Authority and prescribing its purposes and powers; and WHEREAS, the Agreement designates the Executive Committee of the Board of Directors and the President of the California Association for Local Economic Development as the initial Board of Directors of the Authority; and WHEREAS, the Authority has been formed for the purpose, among others, to assist for profit and nonprofit corporations and other entities to obtain financing for projects and purposes serving the public interest; and WHEREAS,the Agreement permits any other local agency in the State of California to join the Authority as an associate member(an"Associate Member"); and WHEREAS,the City desires to become an Associate Member of the Authority; and WHEREAS, City Council of the City has adopted a resolution approving the Associate Membership Agreement and the execution and delivery thereof; and WHEREAS, the Board of Directors of the Authority has determined that the City should become an Associate Member of the Authority; and NOW, THEREFORE, in consideration of the above premises and of the mutual promises herein contained,the Authority and the City do hereby agree as follows: ATTY/AGR/2014.212/CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY REV:10-21-14 PT Page 1 of 3