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Res16 15483
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Res16 15483
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Last modified
4/12/2017 10:18:56 AM
Creation date
4/28/2016 12:09:44 PM
Metadata
Fields
Template:
CC Index
CC Index - Document Type
Resolution
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
4/25/2016
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04/25/2016 <br /> WHEREAS, the Authority has established the District, as permitted by the Act, the <br /> Authority JPA, originally made and entered into July 1, 1993, as amended to date, and <br /> the City, desires to become an Associate Member of the JPA by execution of the JPA <br /> Agreement, a copy of which is attached as Exhibit "A" hereto, to participate in the <br /> programs of the JPA and, to assist property owners within the incorporated area of the <br /> City in financing the cost of installing Authorized Improvements; and <br /> WHEREAS, the City will not be responsible for the conduct of any special tax <br /> proceedings; the levy and collection of special taxes or any required remedial action in <br /> the case of delinquencies in the payment of any special taxes in connection with the <br /> District. <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br /> OF REDWOOD CITY AS FOLLOWS: <br /> Section 1. This City Council finds and declares that properties in the City's <br /> incorporated area will be benefited by the availability of the Authority CFD No. 2014-1 <br /> (Clean Energy) to finance the installation of the Authorized Improvements. <br /> Section 2. This City Council consents to inclusion in the Authority CFD No. 2014- <br /> 1 (Clean Energy) of all of the properties in the incorporated area within the City and to the <br /> Authorized Improvements, upon the request of and execution of the Unanimous Approval <br /> Agreement by the owners of such properties when such properties are annexed, in <br /> compliance with the laws, rules and regulations applicable to such program; and to the <br /> assumption of jurisdiction thereover by Authority for the purposes thereof. <br /> Section 3. The consent of this City Council constitutes assent to the assumption <br /> of jurisdiction by Authority for all purposes of the Authority CFD No. 2014-1 (Clean <br /> Energy) and authorizes Authority, upon satisfaction of the conditions imposed in this <br /> resolution, to take each and every step required for or suitable for financing the Authorized <br /> Improvements. <br /> Section 4. This City Council hereby approves joining the JPA as an Associate <br /> Member and authorizes the execution by appropriate City officials of any necessary <br /> documents to effectuate such membership. <br /> Section 5. City staff is authorized and directed to coordinate with Authority staff to <br /> facilitate operation of the Authority CFD No. 2014-1 (Clean Energy) within the City, and <br /> report back periodically to this City Council on the success of such program. <br /> Section 6. This Resolution shall take effect immediately upon its adoption. The <br /> City Clerk is directed to send a certified copy of this resolution to the Secretary of the <br /> Authority. <br /> * * * <br /> ATTY/RES0.0028/CC RESO ON YGRENE 26 555 COMMUNITY FACILITIES DISTRICT PACE PROGRAM RESO#15483 <br /> REV:04-13-16 RL MUFF#508 <br /> Page 2 of 2 <br />
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