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<br />Oct 19 05 09:53a
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<br />SAN BRUNO CITY CLERK
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<br />1650 589 5941
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<br />The assets, rigl1ts, debts, liabilities, and obligations of HEA T-SMC shall not constitute
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<br />assets, rights, debts, liabilities, Dr obligations of any of the Member Agencies. However,
<br />nothing in this Agreement shall prevent any Agency from separately contracting fOf, or
<br />asSUl1ùng responsibility for, specific debts, liabilities, or obligations of REA T -SMC, provided
<br />that both the Board and that Agency approve such contract or assumption.
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<br />2.
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<br />Powers. The HEAT-SMC is authorized, but is in no way required, to act in its own name
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<br />on any or a11 of the following matters, as each Member cou]d act separately, and as it deems in
<br />the best interest of its Members, to the extent permitted by any and nIl applicable laws, codes,
<br />ordinances, resolutions and regulations:
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<br />a.
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<br />Faci]itate the acquisition. constnlction. financing, refinancing, operation,
<br />regulation, and maintenance of housing programs, projects and facilities by
<br />Member Agencies and others in the housing sector.
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<br />Plan, study. and recommend proper and appropriate housIng programs, projects
<br />and faciJiûes, and management practices. Research and study issues related to
<br />housing, including wHhout limitation workforce, affordable and special needs
<br />housing.
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<br />b.
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<br />c.
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<br />Educate the public, its Member Agencies, and other agencies and entities as to
<br />housing programs, projects and facilities, including without limjtaûon workforce,
<br />affordable and special needs housing.
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<br />Provide for or enter into agreements to provide for financial, engineering, legal.
<br />audit, and any other professional services supporting any of the HEAT-SMC's
<br />programs or activities.
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<br />d.
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<br />e.
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<br />SoUcit, apply for, accept, and receive grants, gifts, donations, advances, and
<br />contributions.
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<br />f.
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<br />Hire agentS and employees, incJl1ding consultnnts and legal counsel.
<br />Sue and be sued in its own name.
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<br />h.
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<br />Incur and discharge debts, liabiJities, and obligations.
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<br />Issue bonds or notes and associated covenants, for designated purposes, subject to
<br />the provisions and limitations of the California Government Code.
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<br />i.
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<br />j.
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<br />Acquire or protect any necessary security 01' leasehold interests involved in Joans,
<br />bonds, notes, or other financing method, implemented to carry out the purposes of
<br />this Agreement.
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<br />P:lge 3 of 17
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