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,.S i�'/�-- /•f� <br /> Oct 19 05 09:53a SRIY HRUhO CITY CLERK 1 650 589 5941 p•2 <br /> 9,� . <br /> � <br /> G. Loc�►] land-use decisions, except as they m�y be affected by state-mandated county- <br /> wide requirements, remain solely within the cognizant Agency jurisdiction. <br /> No�v, �'EZE�r�o� B� �'r �tLSOL���n that the Member Agencies d� hereby establisli the entity to <br /> Ue known as the Housing Endowment and Trust of 5an Mateo County (hereinafter refei7•ed to <br /> herein as "HEAT-SMC"), to snpport and gene3•ate progrtuns and funding that wi1J result in <br /> peimanent additions to the workforce and affordable housing stock within San M�teo County, <br /> and do hereUy lgree as foIlo���s: <br /> 1. Pu rpose• <br /> 1.1 This Agreement is entered into pursuant to the Act to provide for tlze exercise of <br /> powers as provic�ed tl�ereui, and to provide for flie joint exercise of certain pocvers common to <br /> the Member Agencies, operatui; ihroush tl�e Board of Directors for controL, direction, and <br /> administrlkioii. TI�e purpose of this Agreement is to establish an organization that shall be <br /> responsible for the joint fundraising, planning, adoptioii, financing, administration, review, <br /> manitorina, enforceinent, and reporting of certain workforce and affordable housing progr�n <br /> activities in San Mateo CounTy. By entei•ing this joint powers authority, tl�e Member Ageucies <br /> earn economic benefits not reatized when operating indi��iduallp. Further, the estabIishment of <br /> this joint po«�ers authoriry provides for the economic ��iabilit}r and coordination of �vorkforce <br /> and affordable housing program financing and facilities throughout Sau Mateo County. <br /> 1.2. I�EAT-SMC shall be ui entity v��hich is separate fi•om the parties to this agreenient and <br /> shalJ be responsible far the arlministration of this agreement. <br /> Pa�e 2 of 1? <br />