CC Resolution 11998RESOLUTION NO. 11998
CAMPBELL INDUSTRIAL DEVELOPMENT AUTHORITY
A RESOLUTION OF THE CAMPBELL INDUSTRIAL DEVELOPMENT
AUTHORITY AUTHORIZING THE EXECUTION OF A JOINT EXERCISE OF
POWERS AGREEMENT WITH THE CITY OF CAMPBELL, 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 Joint Powers
Law; and
WHEREAS, to that end, the Industrial Development Authority 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 Board of Directors of the Campbell
Industrial Development Authority as follows:
Section 1. Establishment of Campbell Joint Public Finance Authority. The
Board of Directors of the Industrial Development Authority hereby approves the
establishment of the Campbell Joint Public Finance Authority (the "Financing Authority")
under the Joint Powers Law, pursuant to the Joint Exercise of Powers Agreement between
the Industrial Development Authority and the City in the form on file with the Secretary of the
Industrial Development Authority. The appropriate officers of the Industrial Development
Authority are hereby authorized and directed to execute, and the Secretary of the Industrial
Development Authority is hereby authorized and directed to attest and affix the seal of the
Industrial Development Authority to, said Joint Exercise of Powers Agreement in the name
and on behalf of the Industrial Development Authority.
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: Boardmembers: Kotowski, Resnikoff, Cristina, Gibbons, Baker
NOES: Boardmembers: None
ABSENT: Boardmembers: None
ABSTAIN : Boardmembers: None
APPROVED:
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Ja o T. Baker, Chairperson
ATTEST:
P
Wendy od, Secretary