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6.3.A. - Page 21 <br /> RESOLUTION NO. <br /> RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD <br /> CITY CONSENTING TO INCLUSION OF PROPERTIES WITHIN THE <br /> CITY'S JURISDICTION IN THE CALIFORNIA HOME FINANCE <br /> AUTHORITY, PROGRAM TO FINANCE RENEWABLE ENERGY <br /> GENERATION, ENERGY AND WATER EFFICIENCY IMPROVEMENTS <br /> AND ELECTRIC VEHICLE CHARGING INFRASTRUCTURE AND <br /> APPROVING ASSOCIATE MEMBERSHIP IN THE JOINT EXERCISE OF <br /> POWERS AUTHORITY RELATED THERETO <br /> WHEREAS, the California Home Finance Authority ("Authority") is a joint exercise <br /> of powers authority established pursuant to Chapter 5 of Division 7, Title 1 of the <br /> Government Code of the State of California (Section 6500 and following) (the "Act") and <br /> the Joint Power Agreement entered into on July 1 , 1993, as amended from time to time <br /> (the "Authority JPA"); and <br /> WHEREAS, the Authority is in the process of amending the Authority JPA to <br /> formally change its name to the Golden State Finance Authority; and <br /> WHEREAS, Authority has established a property-assessed clean energy ("PACE") <br /> Program (the "Authority PACE Program")to provide for the financing of renewable energy <br /> generation, energy and water efficiency improvements and electric vehicle charging <br /> infrastructure (the "Improvements") pursuant to Chapter 29 of the Improvement Bond Act <br /> of 1911 , being Division 7 of the California Streets and Highways Code ("Chapter 29") <br /> within counties and cities throughout the State of California that elect to participate in such <br /> program; and <br /> WHEREAS, City of Redwood City (the "City") is committed to development of <br /> renewable energy generation and energy and water efficiency improvements, reduction <br /> of greenhouse gases, and protection of the environment; and <br /> WHEREAS, in Chapter 29, the Legislature has authorized cities and counties to <br /> assist property owners in financing the cost of installing Improvements through a <br /> voluntary contractual assessment program; and <br /> WHEREAS, installation of such Improvements by property owners within the <br /> jurisdictional boundaries of the counties and cities that are participating in the Authority <br /> PACE Program would promote the purposes cited above; and <br /> WHEREAS, the City wishes to provide innovative solutions to its property owners <br /> to achieve energy and water efficiency, and in doing so cooperate with Authority in order <br /> to efficiently and economically assist property owners within the City in financing such <br /> Improvements; and <br /> WHEREAS, Authority has established the Authority PACE Program, which is such <br /> a voluntary contractual assessment program, as permitted by the Act, the Authority JPA, <br /> originally made and entered into July 1 , 1993, as amended to date, and the City, desires <br /> ATTY/RESO.0029/CC RESO ON YGENE AB 811 AUTHORITY PACE PROGRAM <br /> REV:04-13-16 RL <br /> Page 1 of 3 <br />