HomeMy WebLinkAbout9/23/2014 - RESOLUTIONS - 029 RESOLUTION NO. 29
A RESOLUTION OF THE OVERSIGHT BOARD OF THE
SUCCESSOR AGENCY TO THE PALM SPRINGS
COMMUNITY REDEVELOPMENT AGENCY
AUTHORIZING THE SUCCESSOR AGENCY TO EXECUTE
AND DELIVERY OF SECOND AMENDMENT TO JOINT
POWERS AGREEMENT WITH THE HOUSING
AUTHORITY
WHEREAS, the City of Palm Springs (the "City') and the Community
Redevelopment Agency of the City of Palm Springs (the "Former Agency') entered into
a Joint Exercise of Powers Agreement dated as of February 1 1991 the "Joint Powers
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Agreement") forming the City of Palm Springs Financing Authority (the "Authority") as a
separate public agency under the laws of the State of California; and
WHEREAS, the Former Agency has been dissolved under the provisions of
Assembly Bill X1 26, which became effective on June 29, 2011 (the "Dissolution Act'),
and under the Dissolution Act all of the authority, rights, powers, duties and obligations
of the Former Agency have been vested in the City Council of the City of Palm Springs,
as successor agency to the Former Agency (the "Successor Agency'); and
WHEREAS, in order to ensure the continuing existence of the Authority, the City and
the Successor Agency proposed to add the Housing Authority of the City of Palm
Springs (the "Housing Authority') as an additional member of the Authority and to
remove the Successor Agency as a member of the Authority;
WHEREAS, the City, the Successor Agency and the Housing Authority each
adopted resolutions on July 2, 2014, each authorizing the execution of a Second
Amendment to Joint Powers Agreement among the City, the Successor Agency and the
Housing Authority, pursuant to which the Successor Agency withdrew as a member of
the Authority.
NOW, THEREFORE, BE IT RESOLVED BY THE OVERSIGHT BOARD OF THE
SUCCESSOR AGENCY OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF PALM SPRINGS AS FOLLOWS:
Section 1. The Oversight Board hereby finds and determines that the foregoing
recitals are true and correct.
Resolution No. 29
Page 2
Section 2. The Successor Agency's action to authorize the execution and delivery of
the Second Amendment by the Successor Agency, as above described, is hereby
approved.
Section 3. This Resolution shall take effect three business days upon its adoption.
'THOMAS FLAVK 6hairman
ATTEST:
MES THOMPSON, City Clerk
Oversight Board Clerk/Secretary
Resolution No- 29
Page 3
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS )
I, James Thompson, Secretary of the Oversight Board of the Successor Agency
of the Palm Springs Community Redevelopment Agency hereby certify that Resolution
No. 29 was adopted by the Oversight Board at a Special Meeting held on the 23rd day of
September, 2014, by the following vote:
AYES: Board Member Foat, Board Member Ready, Board Member Van Horn,
and Chair Flavin
NOES: None
ABSENT: Board Member Arthur, Board Member Marshall, and Vice Chair Howell
ABSTAIN: None
ES THOMPSON, CLERK/SECRETARY