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AgdaPkt 2018-07-23 Joint SA PFA
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AgdaPkt 2018-07-23 Joint SA PFA
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Last modified
7/24/2018 4:47:34 PM
Creation date
7/19/2018 7:49:46 PM
Metadata
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
7/23/2018
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6.3.A. - Page 8 <br />WHEREAS, Sections 1.16, 1.36 and 3.2 of the Agreement, designating the <br />Controller and Treasurer of the Authority, respectively, and Sections 3.3, 6.5, 6.6 and 6.7 <br />of the Agreement delineating the duties and obligations of said positions, require <br />amendment to reflect the change in assignment of the Controller and Treasurer roles <br />of the Authority, to wit: the City of Redwood City will continue to be designated as <br />and perform the duties of Controller of the Authority, and the Authority will be re- <br />designated as and perform the duties of Treasurer of the Authority; and <br />WHEREAS, the Agencies desire to enact the foregoing amendments; <br />NOW, THEREFORE, in consideration of the above premises, and pursuant to <br />Section 9.5 of the Agreement, the Agencies do hereby agree as follows: <br />1. Section 1.16 of the Agreement is hereby amended to read as follows: <br />"Section 1.16 Controller <br />Controller means the Assistant City Manager of Administrative Services of the City <br />of Redwood City or other public officer or employee performing the functions of auditor or <br />controller of Redwood City, designated as Controller of the Authority in Section 3.2." <br />2. Section 1.36 of the Agreement is hereby amended to read as follows: <br />"Section 1.36 Treasurer <br />Treasurer means the Chief Financial Officer of the Authority or other public officer <br />or employee performing the functions of treasurer of the Authority, designated as <br />Treasurer of the Authority in Section 3.2." <br />3. Section 3.2 of the Agreement is hereby amended to read as follows: <br />"Section 3.2 Controller and Treasurer <br />The Assistant City Manager of Administrative Services of the City of Redwood <br />City or other public officer or employee performing the functions of auditor or controller of <br />Redwood City, and the Chief Financial Officer of the Authority or other public officer or <br />employee performing the functions of treasurer of the Authority, are hereby respectively <br />designated as the Controller and Treasurer of the Authority. The Treasurer shall be the <br />depositary and shall have custody of all of the accounts, funds and money of the Authority <br />from whatever source. The Controller shall have the duties and obligations of the auditor <br />and controller, and the Treasurer shall have the duties and obligations of the treasurer, <br />each as set forth in Sections 6505 and 6505.5 of the Act, and each shall perform their <br />ATTY/RESO.0070/CC RESO SILICON VALLEY CLEAN WATER JPA AMENDMENTS — EXHIBIT A <br />REV: 07-11-18 DZ <br />Page 2 of 5 <br />
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