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RESOLUTION NO. 2015 -045 <br />RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SANTA ANA CONSENTING TO INCLUSION OF <br />PROPERTIES WITHIN THE CITY'S JURISDICTION IN THE <br />CALIFORNIA HOME FINANCE AUTHORITY PROGRAM <br />TO FINANCE RENEWABLE ENERGY GENERATION, <br />ENERGY AND WATER EFFICIENCY IMPROVEMENTS <br />AND ELECTRIC VEHICLE CHARGING <br />INFRASTRUCTURE AND APPROVING ASSOCIATE <br />MEMBERSHIP IN THE JOINT EXERCISE OF POWERS <br />AUTHORITY RELATED THERETO <br />WHEREAS, the California Home Finance Authority ( "Authority ") is a joint <br />exercise of powers authority established pursuant to Chapter 5 of Division 7, Title 1 of <br />the Government Code of the State of California (Section 6500 and following) (the "Act ") <br />and the Joint Power Agreement entered into on July 1, 1993, as amended from time to <br />time (the "Authority JPA" ); and <br />WHEREAS, the Authority is in the process of amending the Authority JPA to <br />formally change its name to the Golden State Finance Authority; and <br />WHEREAS, Authority has established a property- assessed clean energy <br />( "PACE ") Program (the "Authority PACE Program ") to provide for the financing of <br />renewable energy generation, energy and water efficiency improvements and electric <br />vehicle charging infrastructure (the "Improvements ") pursuant to Chapter 29 of the <br />Improvement Bond Act of 1911, being Division 7 of the California Streets and Highways <br />Code ( "Chapter 29 ") within counties and cities throughout the State of California that <br />elect to participate in such program; and <br />WHEREAS, City of Santa Ana (the "City ") is committed to development of <br />renewable energy generation and energy and water efficiency improvements, reduction <br />of greenhouse gases, and protection of the environment; and <br />WHEREAS, in Chapter 29, the Legislature has authorized cities and counties to <br />assist property owners in financing the cost of installing Improvements through a <br />voluntary contractual assessment program; and <br />WHEREAS, installation of such Improvements by property owners within the <br />jurisdictional boundaries of the counties and cities that are participating in the Authority <br />PACE Program would promote the purposes cited above; and <br />WHEREAS, the City wishes to provide innovative solutions to its property owners <br />to achieve energy and water efficiency, and in doing so cooperate with Authority in <br />Resolution No. 2015 -045 <br />Page 1 of 16 <br />