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1/11/2010 ORIGINAL RESOLUTION NO. 14989 RESOLUTION APPROVING AND DIRECTING EXECUTION OF CALIFORNIA COMMUNITIES JOINT POWERS AGREEMENT WHEREAS, the California Statewide Communities Development Authority ( "California Communities ") is a joint powers authority sponsored by the California State Association of Counties and the League of California Cities, the members of which include numerous cities and counties in the State of California, including San Mateo County; and WHEREAS, California Communities mission is to provide local governments and private entities access to low -cost, tax - exempt financing for projects that provide a tangible public benefit, contribute to social and economic growth and improve the overall quality of life in local communities throughout California; and WHEREAS, the City of Redwood City (the "City ") has expressed an interest in participating in the financing programs with the parties to the "Amended and Restated Joint Exercise of Powers Agreement Relating to the California Statewide Communities Development Authority, dated as of June 1, 1988" (the "Joint Powers Agreement "); and WHEREAS, California Communities is sponsoring the development of California FIRST, a property- assessed clean energy financing program; and WHEREAS, the City proposes to participate in the California FIRST Program (the "Program "), and the County of San Mateo plans to participate in the Program. NOW, THEREFORE THE CITY COUNCIL OF THE CITY OF REDWOOD CITY HEREBY RESOLVES AS FOLLOWS: 1. The City of Redwood City hereby approves and adopts the California Communities Joint Powers Agreement, attached hereto as Exhibit "A" and incorporated herein by this reference. 2. The City Manager or designee is directed to execute the Joint Powers Agreement. 3. This Resolution shall take effect immediately upon its adoption. ATTY /RESO /RESO.1970 14989 010410 Muff #304