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O )f <br />ASSOCIATE MIEMBERSHIP AGREEMENT <br />by and between the <br />CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY <br />and the <br />CITY OF SANTA ANA, CALIFORNIA <br />A- 2015.016 <br />THIS ASSOCIATE MEMBERSHIP AGREEMENT (this "Associate Membership <br />Agreement "), dated as of A4tkd ,el / by and between CALIFORNIA <br />ENTERPRISE DEVELOPMEN AUTH ITY (the "Authority ") and the CITY OF SANTA <br />ANA, CALIFORNIA, a charter city and nnmicipal corporation duly organized and existing <br />under the laws of the State of California (the "City "); <br />WITNESSETH: <br />WHEREAS, the Cities of Selma, Lancaster and Eureka (individually, a "Member" and <br />collectively, the "Mernbers "), have entered into a Joust Powers Agreement, dated as of June 1, <br />2006 (the "Agreement "), establishing the Authority and prescribing its purposes and powers; and <br />WHEREAS, the Agreement designates the Executive Committee of the Board of <br />Directors and the President of the California Association for Local Economic Development as <br />the initial Board of Directors of the Authority; and <br />WHERE, AS, the Authority has been formed for the purpose, among others, to assist for <br />profit and nonprofit corporations and other entities to obtain financing for projects and purposes <br />serving the public interest; and <br />WHEREAS, the Agreement pennits any other local agency in the State of California to <br />join the Authority as an associate meinber (an "Associate Member "); and <br />WHEREAS, the City desires to become an Associate Member ofthe Authority; <br />WHEREAS, City Council of the City has adopted a resolution approving the Associate <br />Membership Agreement and the execution and delivery thereof-, <br />WHEREAS, the Board of Directors of the Authority has determined that the City should <br />become an Associate Member of the Authority; <br />NOW, THEREFORE, in consideration of the above premises and of the mutual <br />promises herein contained, the Authority and the City do hereby agree as follows: <br />