2005/07/12 City Council Resolution (10)RESOLUTION NO. 2005 -220
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROHNERT PARK
AUTHORIZING AND APPROVING ASSOCIATE MEMBERSHIP AGREEMENT
WITH THE INDEPENDENT CITIES LEASE FINANCE AUTHORITY
AND PROVIDING OTHER MATTERS PROPERLY RELATING THERETO
WHEREAS, certain cities of the State of California (collectively, the "Members") have
entered into a Joint Powers Agreement Creating the Independent Cities Lease Finance Authority
(the "Joint Powers Agreement "), establishing the Independent Cities Lease Finance Authority (the
"Authority ") and prescribing its purposes and powers, and providing, among other things, for
associate members of the Authority (an "Associate Member "); and
WHEREAS, the Authority has been formed for the purpose, among others, of assisting
its Members and Associate Members in the raising of capital to finance the capital improvement
needs of Local Agencies (as defined in the Joint Powers Agreement), to provide for home
mortgage financing with respect to those Members or Associate Members that are either a city or
a county of the State of California, to provide financing in connection with the improvement,
construction, acquisition, creation, rehabilitation and preservation of affordable housing within the
boundaries of the Members and Associate Members, and to provide financing in accordance with
the provisions of applicable law in connection with other projects and programs that are in the
public interest and which benefit Members and Associate Members including making Ioans to tax -
exempt organizations from the proceeds of mortgage revenue bonds to finance the acquisition of
multi - family rental housing, including mobiiehome parks, under the provisions of Chapter 8 of
Part 5 of Division 31 (commencing with Section 52 100) of the Health and Safety Code; and
WHEREAS, the City of Rohnert Park (the "City") desires to become an Associate
Member of the Authority as provided in the Associate Membership Agreement, in the form on file
with the City Clerk:
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Rohnert
Park that it does hereby authorize and approve the City's membership in the Authority as an
Associate Member and authorizes the Mayor or the Mayor Pro Tem or the City Manager to
execute and the City Clerk to attest the Associate Membership Agreement, in substantially the
form on file with the City Clerk, pursuant to which the City shall become an Associate Member of
the Authority.
BE IT FURTHER RESOLVED that the Mayor, Mayor Pro Tem, City Manager, City
Clerk and any other officers of the City, are hereby authorized and directed to take all actions and
do all things necessary or desirable hereunder with respect to the Associate Membership
Agreement, including but not limited to, the execution and delivery of any an all agreements,
certificates, instruments and other documents which they, or any of them, may deem necessary or
desirable and not inconsistent with the purposes of this Resolution.