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<br />08/25/2008 <br /> <br />h. Incur and discharge debts, liabilities, and obligations provided that such debt shall <br />be in the form of secured bonds, revenue bonds or other similar forms of secured <br />debt. <br /> <br />i. Issue bonds or notes and associated covenants, for designated purposes, subject to <br />the provisions and limitations of the California Government Code. <br /> <br />J. Acquire or protect any necessary security or leasehold interests involved in loans, <br />bonds, notes, or other financing methods implemented to carry out the purposes of <br />this Agreement. <br /> <br />k. Acquire, hold, lease and dispose of real and personal property as may be <br />necessary and appropriate in connection with the programmatic needs of HEART. <br /> <br />I. Issue and receive loans. <br /> <br />m. Acquire such insurance protection as it deems necessary. <br /> <br /> <br />n. Adopt, as authorized by California law, resolutions necessary to carry out the <br /> <br />purposes of this Agreement <br /> <br /> <br />o. Utilize and establish advisory committees or subcommittees whenever necessary. <br /> <br /> <br />p. Adopt bylaws and such other rules and procedures as may be deemed necessary. <br /> <br /> <br />2.2 HEART shall facilitate and encourage the creation, construction, development, and <br /> <br />maintenance of certain workforce and affordable housing throughout San Mateo County. <br /> <br />3. Term and Termination <br /> <br />3.1 This Agreement shall be effective upon its execution by the County and at least three (3) <br />cities, at least two (2) of which have an adopted housing element that the Department of Housing <br />and Community Development has determined to be in substantial compliance with the <br />requirements of Article 10.6 (commencing with Section 65580) of Chapter 3 of Division I of <br />Title 7 of the Government Code ("certified housing element"). <br /> <br />3.2 This Agreement shall continue at least until March 30, 2013, and thereafter shall continue <br />until terminated or dissolved pursuant to Section 3.3 of this Agreement. However, in no event <br />shall the Member Agencies vote to terminate or dissolve HEART if its termination or dissolution <br />would conflict with or violate thc tcrms or conditions of any bonds, financial instruments, or <br />related documentation by or on behalf of HEART, including, without limitation, indentures, <br />resolutions, and letter of credit agreements. <br /> <br />Page 4 ofl8 <br />C:ISharedIHEART SMClAdminislrationlOrg DocumentslJPA RevisionlJPA redlined revision Final June08.doc <br /> <br />14892 <br />MUFF #304 <br />