CC Resolution 11997RESOLUTION NO. 11997
A RESOLUTION OF THE CITY OF CAMPBELL CITY COUNCIL
AUTHORIZING THE EXECUTION OF A JOINT EXERCISE OF POWERS
AGREEMENT WITH THE CAMPBELL INDUSTRIAL DEVELOPMENT
AUTHORITY, ESTABLISHING THE CAMPBELL JOINT PUBLIC FINANCE
AUTHORITY
WHEREAS, the Campbell Industrial Development Authority (the "Industrial Development
Authority") and the City of Campbell (the "City") have proposed forming a joint powers authority
under the provisions of Article 1 (commencing with Section 6500) of Chapter 5, Division 7, Title
1 of the Government~Code of the State of California (the "Joint Powers Law"), for the purpose of
creating a public agency which can provide financial assistance to the Industrial Development
Authority and the City in connection with the construction of public capital improvements and
other purposes specified in the Joirit Powers Law; and
WHEREAS, to that end the City Council wishes at this time to approve the execution
and delivery of a Joint Exercise of Powers Agreement between the Industrial Development
Authority and the City, establishing the Campbell Joint Public Finance Authority as a joint
powers authority under the Joint Powers Law;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Campbell as
follows:
Section 1. Establishment of Campbell Joint Public Finance Authority. The City
Council hereby approves the establishment of the Campbell Joint Public Finance Authority (the
"Financing Authority") under the Joint Powers Law, pursuant to a Joint Exercise of Powers
Agreement between the Industrial Development Authority and the City in the form on file with
the City Clerk. The appropriate officers of the City are hereby authorized and directed to
execute, and the City Clerk is hereby authorized and directed to attest and affix the seal of the
City to, said Joint Exercise of Powers Agreement in the name and on behalf of the City.
Section 2. Authorization to Make Necessary Filings. The firm of Jones Hall, A
Professional Law Corporation, as bond counsel to the City, is hereby authorized and directed to
cause to be prepared, executed and filed any and all reports, statements and other documents
as may be required in order to implement the establishment of the Financing Authority.
Section 3. Effective Date. This Resolution shall take effect immediately upon its
passage and adoption.
PASSED AND ADOPTED this 7th day of June, 2016, by the following roll call vote:
AYES: Councilmembers: Kotowski, Resnikoff, Cristina, Gibbons, Baker
NOES: Councilmembers: None
ABSENT: Councilmembers: None
ABSTAIN : Councilmembers: None
APPROVED:
Ja o T. Baker, Mayor
ATTEST:
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Wendy ' ' ood, City Clerk