2019-035 - Orange County Housing Finance Trust

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(15) to propose amendments to this Agreement, including amendments that would allow OCHFT to authorize and issue bonds, certificates of participation, or any other debt instrument repayable from funds and financing received and pledged by OCHFT; and (16) to exercise any and all other pourers as maybe provided for CIIFT in the Joint Powers Act or any other applicable law. (c) Limitation on Powers. Neither this A reeanu=nt nor section f�589,6 of the Government ode authorize OCHFT do any ti the following: (1) regulate land use in Cities or in the unincorporated area of the County; (2) serve as an owner or operator of housing units; (3) :levy; or advocate or incentivize the levying of, an exaction, including an impact fee, uliaxge dedication, reservation or tax assessment„ as a condition for approval of a devcvs ment project; (4) require or incentivixe inrlusionarrr zoning requirements (5) re wire the Parties to this Agreement to dedicate or assign funding for any t obligations or programs; (6) approve a housing project or Program that is not sup,pported by the governing body of the jurisdiction (a City or the County) in which the project is proposed to be sited; or (7) require the Parties to this Agreement to accept or prv:avide any number of housing units as a prerequisite to joining or romaini;ng a member of OCHFT. Section 4. Merahers The members, of OCHFT shall be the parties to this Agreement who have not witlidrawn from. OCHFT, and such other parties as may join OCHFT after execution of this Agreement. New members may °oin on the terms and conditions sot forth in Section 10 hereof. On! rho County o or a and cities within the County of Orange may be a party to this Agreement aria member of OCHFT. Section 5. Board of Directors (a) Selection of Directors. OCHFT shall be governed by a Board of Directors consisting of nine Directors selected as follows: (1) Two members of the Board of Supervisors of the County of Orange .selected by the Board of Supervisors. (2) Two countywide elected officials soleoted from the fallowing six Orange County elected officials: Assessor„ Auditor -Controller, Clerk -Recorder„ District .A.ttorne -Public Administrator, Sheri ff-Coroner, and the Treasurer Tax - Collector by the oard of Supervisors of the County of Orange. 4 Resolution No. 2019-035 Page 8 of 16