2019-035 - Orange County Housing Finance Trust

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purposes of this Agreement and the full exercise of the powers conferred in subdivision (a) of this Section 3, including but not limited to the following. (1) to inalce and enter into contracts; (2) to contract for staff assistance; (3) to sue and he sued in its own name; (4) to apply for, racce t, receive and disburse grants, loans and other aids from any ;agency of the United Mates of America or of the State of California; (5) to invest any money in the treasury pursuant to Section 6505.3 of the Joint Powers Act that is not. required for the immediate necessities of OCHFT, as OCIIFT determines is advisable, in the same manner and upon the same conditions as local agencies, pursuant to Section 53601 of the California Government Code; (fa) to apply for letters of credit or other forms of financial guarantees in order to aanter into agreements in connection therewith; (7) to carry out all the provisions of this Agreement; (8) to purchase obligations of any Party; (9) to engage the services of private consultants to render professional and technical assistance and advice in carrying out the purposes of this Agreement, (10) to on1ploy and compensate counsel including bond counsel, financial consultants, and rather advisors determined appropriate by OCHFT in the accomplishment of the purposes of this Agreement, (11) to contract for engineering, construction, a architectural, accounting, environmental, land use, or other services determined necessary or convenient by OCHFT in connection with the accomplishment of the purposes of this Agreement; (12) for the purposes ofenfoxcing affordable housing covenants or holding security interests for loans, to take title to, and transfer, sell by installment salty or otherwise, lands, structures, real or personal property, rights, rights-ofwsy, franchises, easoments, and other, interests in real or personal property which OCHFT determines are necessary or convenient in connection with the accomplishment of the purposes of this Agreement; (13) for the purposes of renting space for OCHFT to operate, to lea" to, and to lease from, as Party or any other person or entity lands, structures, real or personal property, rights, rights -of -way, franchises, easements, and other interests in real or personal property which OCHFT dotormines are necessary or convenient in connection with the accomplishment of the purposes of°this Agreement; (1 h) to solicit charitable contributions from private sources; Resolution No. 2019-035 Page 7 of 16