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5 -C:I mu is and Semngs\mchumh\Loeal Settings \Temporary Intemet Files\OLKESVPA Draft 7 clew Am <br />DRAFT 7clean <br />could exercise separately, and further grants certain additional powers to such joint powers <br />authorities. <br />G. Local land -use decisions, except as they may be affected by state- mandated county- <br />wide requirements, remain solely within the cognizant Agency jurisdiction. <br />NOW, THEREFORE BE IT RESOLVED that the Member Agencies do hereby establish the entity to <br />be known as the Housing Endowment and Trust of San Mateo County (hereinafter referred to <br />herein as "HEAT- SMC "), to support and generate programs and funding that will result in <br />permanent additions to the workforce and affordable housing stock within San Mateo County, <br />and do hereby agree as follows: <br />1. Purpose. <br />1.1 This Agreement is entered into pursuant to the Act to provide for the exercise of powers <br />as provided therein, and to provide for the joint exercise of certain powers common to the <br />Member Agencies, operating through the Board of Directors for control, direction, and <br />administration. The purpose of this Agreement is to establish an organization that shall be <br />responsible for the joint fundraising, planning, adoption, financing, administration, review, <br />monitoring, enforcement, and reporting of certain workforce and affordable housing program <br />activities in San Mateo County. By entering this joint powers authority, the Member Agencies <br />earn economic benefits not realized when operating individually. Further, the establishment of <br />this joint powers authority provides for the economic viability and coordination of workforce and <br />affordable housing program financing and facilities throughout San Mateo County. <br />