HomeMy WebLinkAboutReso 82-244 - Approving and authorizing execution of joint exercise of powers agreement to create Redding-Shasta Home Financing Authority and appointing four members to governing boardRESOLUTION NO. d)_ d-7 7
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
REDDING APPROVING AND AUTHORIZING THE EXECUTION OF A
JOINT EXERCISE OF POWERS AGREEMENT TO CREATE THE
REDDING-SHASTA HOME FINANCING AUTHORITY AND
APPOINTING FOUR MEMBERS TO THE GOVERNING BOARD OF
SUCH AUTHORITY
WHEREAS, pursuant to the provisions of Article 1 of
Chapter 5 of Division 7 of Title 1 of the Government Code of
the State of California, being sections 6500-6516 thereof,
two public entities may enter into a joint exercise of powers
agreement to carry out the powers common to each entity; and
WHEREAS, the City of Redding ("Redding") and the
County of Shasta ("Shasta") are each empowered by Part 5 of
Division 31 of the Health and Safety Code of the State of
California (the "Act") to incur indebtedness for the purpose
of financing the construction, acquisition and rehabilitation
of homes for the benefit of the residents thereof; and
WHEREAS, Redding and Shasta each has adopted or
will adopt an ordinance establishing a home mortgage finance
program pursuant to the Act; and
WHEREAS, this City Council has found and
determined, and hereby finds and determines, that it is in
the best interests of Redding that Redding enter into a joint
exercise of powers agreement with Shasta creating the
Redding -Shasta Home Financing Authority (the "Authority") to
exercise their respective powers pursuant to the Act and for
the Authority to proceed pursuant to the Act for the purpose
of financing home mortgages with respect to property within
the boundaries of Redding and Shasta.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL
OF THE CITY OF REDDING:
1. The recitals herein contained are true and
correct, and this City Council so finds.
2. The form of agreement, dated for convenience as
of January 1, 1983, entitled "Joint Exercise of Powers
Agreement Between the City of Redding and the County of
Shasta Creating the Redding -Shasta Home Financing Authority,"
submitted to this City Council, and the terms and conditions
thereof, are hereby approved. The City Clerk is directed to
file a copy of said form of agreement in the office of the
City Clerk, and the Mayor and the City Clerk are authorized
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and directed to execute and deliver an agreement in
substantially said form with such additions thereto or
changes therein as such officers may require or approve, such
approval to be conclusively evidenced by the execution and
delivery thereof.
3. Pursuant to Section 7 of said agreement, this
City Council hereby appoints each of the persons listed below
to serve a three-year term as a member of the governing board
of the Authority:
Name
Barbara Allen Gard
Archer F. Pugh
Donald 1-1. Demsher
Lee D. Fulton, P1. D.
Address
760 Parkview Avenue
Redding, Ca. 96001
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4. This Resolution shall take effect immediately
upon adoption.
PASSED AND ADOPTED this 20th day of December,
1982, by the following vote:
AYES: Demsher, Fulton, Pugh, and Gard
NOES: None
ABSENT: Kirkpatrick
[SEAL)
ATTEST:
City Clerk
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Mayor
CLERK'S CERTIFICATE
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I, Ethel A Nichols , City Clerk of the City of
Redding, hereby certify that the foregoing is a full, true
and correct copy of a resolution duly adopted at a regular
meeting of the City Council of said City duly and regularly
held at the regular meeting place thereof on the 20th
day of December, 1982, of which meeting all of the members of
said City Council had due notice and at which a majority
thereof were present; and that at said meeting said
resolution was adopted by the following vote:
AYES: Demsher, Fulton, Pugh, and Gard
NOES: None
ABSENT: Kirkpatrick
I further certify that I have carefully compared
the same with the original minutes of said meeting on file
and of record in my office; and said resolution is a full,
true and correct copy of the original resolution adopted at
said meeting and entered in said minutes; and that said
resolution has not been amended, modified or rescinded since
the date of its adoption, and the same is now in full force
and effect.
WITNESS my hand and the seal of the City of Redding
this 21st day of December , 1982.
[Seal]
City Clerk of the City of
Redding, California
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