55C - RESO OC HOUSING FINANCE JOINT POWERS

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To follow annual financial reporting and auditing requirements that maximize transparency and maximize public information as to the receipt and use of funds by the agency. The annual financial report shall show how the funds have furthered the purposes of the Orange County Housing Finance Trust; and • To comply with the regulatory guidelines of each specific state and federal funding source received. OCHFT is specifically precluded from: • Regulating land use in cities or in the unincorporated area of the County of Orange. • Serving as an owner or operator of housing units. • Exercising any authority to levy, or advocate or inceritivize the levying of, any fee, charge, dedication, reservation, tax assessment, or other exaction related to -development projects. • Requiring or incentivizing inclusionary zoning requirements. The power to adopt inclusionary zoning ordinances remain with the entities that possess land,use and"planning authority:., • Providing OCHFT funding for a project that -is opposed by the'elected body (if within an incorporated area, the City Council, or if in an unincorporated area, the Orange County Board of Supervisors) in which the project is proposed to be located. '• ARTICLE III — Board of Directors Section A: OCHFT Board of Directors All members of the Board of biredDrs must be from a member of the governing board of a party to the Agreement; — Board of Directors. The nine(9) voting members of.the;Board of Directors of OCHFT shall be as described below. Each member shall be entitled to one (1) vote on the Board: a) County,Representatives (4): i. Two members of�the Board of Supervisors of the County of Orange, selected by the Board of Supervisors; arid, ii. Two countywide elected officials selected from the following six Orange County elected officials: Assessor, Auditor -Controller,, Clerk -Recorder, District Attorney -Public Administrator, Sheriff - Coroner, and the Treasurer tax -Col lector by the Board of Supervisors of the County of Orange. b) City Representatives (5): i. One City Council member for the city member with the greatest population in the North Region Service Planning Area as measured in the most recent decennial census. ii. One City Council member for the city member with the greatest population in the Central Region Service Planning Area as measured in the most recent decennial census. iii. One City Council member for the city member with the greatest population in the South Region Service Planning Area as measured in the most recent decennial census. 55C-29