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 powers as may be provided for OCHFT in the Joint Powers Act or any other applicable law. (c) Limitation on Powers. Neither this Agreement nor section 6539.5 of the Government Code authorize OCHFT do any of 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, charge, dedication, reservation or tax assessment, as a condition for approval of a development project; (4) require or incentivize inciusionary zoning requirements; (5) require the Parties to this Agreement to dedicate or assign funding for any OCHFT obligations or programs; (6) approve a housing project or program that is not supported 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 provide any number of housing units as a prerequisite to joining or remaining a member of OCHFT. Section 4. Members The members of OCHFT shall be the parties to this Agreement who have not withdrawn from OCHFT, and such other parties as may join OCHFT after execution of this Agreement. New members may join on the terms and conditions set forth in Section 10 hereof. Only the County of Orange and cities within the County of Orange may be a party to this Agreement and a 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 selected from the following six Orange County elected officials: Assessor, Auditor -Controller, Clerk -Recorder, District Attorney -Public Administrator, Sheriff -Coroner, and the Treasurer Tax - Collector by the Board of Supervisors of the County of Orange.