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JOINT EXERCISE 4F POWERS AICwi1.EL+`MENT <br />THIS JOINT EXERCISE OF POWERS AGREEMENT (the 'Agreement") is <br />auado this ._, day of , 2019 (the "Effective Hate"), by and between the <br />following public entities (collectively, the "Parties' ; City of Santa Ana, and <br />(collectively, the "Cities") and the COUNTY OF OLINGE (the "County"), <br />RECITALS <br />A, The Parties are responsible for the health and safety of the residents <br />within their geographic boundaries.. <br />B. Each Party has the individual (rower to implement affordable housing <br />projects and programs generated within its jurisdictional boundaries, as well as to <br />create and issue development agreements for such activities., <br />C , The parties find it in their mutual economic interest to address work <br />fierce housing, affordable housing, aact supportive housing issues on a regional level. <br />D. A countywide adequate supply of housing will provide social and <br />economic benefits to residents and taxpayers of the parties. <br />E. The Parties dosire to act in the public interest to lesson the burden of <br />government by reducing the need for each party to act individually, and to provide <br />charitable support for affordable housing in Orange County. <br />F+ California Government Code. section 6500 of seq. ("Joint Exercise of <br />Powers Act" or "Act") permits two or more public agencies to create joint powers <br />authorities for the jaurposes cited herein, and permits the agenciea to exorcis+o <br />jointly any power that the public agencies could exercise separately, and further <br />grants certain additional powers to such joint powers authorities, <br />G. California Government Code section 6530,5 ,5 authorizes the County of <br />Orange and any of the cities within the County of Orange to create a j�cant powers <br />agoncy ltnown as the Giango County T3ouedng Finance Tracer ("C7CyIiF`I ), which may <br />do ang� of the foliovring. (1} iutud illao ph no og and conatruciion of housint; of all <br />types and tenures for the homeless population and ersons and families Of <br />extroznaly low; very low, axxd low income, as dofneal in' octloll 50095 of the Health <br />and Safety Carlo, inclatdiaag, but not li�ssited to, permanent supportive housing; and <br />(2} receive public anal private finaucing and funds, <br />HT California Government Code section 6539Z also authorizes the parties <br />to a Dint gewers agreement, which is executed pursuant to its provisions, to grant <br />C7Cl FI" the power to authorize and issue bonds, certificates of participation, or any <br />other debt instrument repayable from funds and financing received and pledged by <br />GCHFT, However, at this point in time, it is the consensus of the Parties to the <br />Agreement not to grant OCM the power to authorize and issue bonds or other <br />d6t instruments„ This Agreement may be amended in the future to grant OCHF`i° <br />the power to issue bonds or other debt instruments, <br />Resolution No. 2019-035 <br />Page 5 of 16 <br />