RESOLUTION NO. _____________

BOARD OF SUPERVISORS, COUNTY OF SAN MATEO, STATE OF CALIFORNIA

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RESOLUTION APPROVING, AUTHORIZING, AND DIRECTING THE EXECUTION OF A JOINT EXERCISE OF POWERS AGREEMENT RELATING TO THE CALIFORNIA MUNICIPAL FINANCE AUTHORITY

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RESOLVED, by the Board of Supervisors of the County of San Mateo, State of California, that

 

WHEREAS, the County of San Mateo, California (the “County”), has expressed an interest in participating in economic development, cultural and community development financing programs (the “Programs”) in conjunction with the parties to that certain Joint Exercise of Powers Agreement Relating to the California Municipal Finance Authority, dated January 1, 2004 (the “Agreement”); and

 

WHEREAS, there is now before this Board of Supervisors (the “Board”) the form of the Agreement; and

 

WHEREAS, the County proposes to participate in the Programs and desires that certain projects to be located within the County, be financed pursuant to the Programs, and it is in the public interest and for the public benefit that the County do so; and

 

WHEREAS, the Agreement has been filed with the Board, and the members of the Board, with the assistance of its staff, have reviewed said document;

 

NOW THEREFORE, IT IS HEREBY DETERMINED AND ORDERED that the Board of Supervisors of the County of San Mateo hereby finds and determines as follows:

 

1.

The Agreement is hereby approved and the President of the Board, the Vice-President of the Board, or the County Manager or designee thereof is hereby authorized and directed to execute said document, with such changes, insertions and omissions as may be approved by said President of the Board, the Vice-President of the Board, or the County Manager, and the Clerk of the Board of Supervisors or such Clerk’s designee is hereby authorized and directed to attest thereto.

   

2.

The President of the Board, the Vice-President of the Board, the County Manager, and the Clerk of the Board of Supervisors and all other proper officers and officials of the County are hereby authorized and directed to execute such other agreements, documents and certificates, and to perform such other acts and deeds, as may be necessary or convenient to effect the purposes of this Resolution and the transactions herein authorized.

   

3.

The Clerk of the Board of Supervisors shall forward a certified copy of this Resolution and an originally executed Agreement to:

   

Harriet M. Welch, Esq.

Squire, Sanders & Dempsey LLP.

555 South Flower, 31st Floor

Los Angeles, CA 90071

     

4.

This resolution shall take effect immediately upon its passage.

 

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