Consenting to Inlusion of Properties Within the City's Jurisdiction in the California Home Finance Authority Program

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"Associate Member" uteaus it county, city or other public agency which is not a voting member of the Rural Comity Representatives of California, a Caifortia nonprofit corporation (" RUIC "), with le{pil power >wd authority similar to Ilia( of llte Members, admitted pursuant to paragraph l.d, below to associate membership herein by vote ordtc Board. 'Audit Committee" means a committee made up of the trine - member F.xec•ulive Corntniacc. Authority" mearus Cadilbritia Home Fiwwce Authority ( "CHF "), formerly known as CRHMFA Hornebuyers Fund or California Rural Home Mortgage Fiva nce Authority. "Board' uteaus the goveruiug board of the Authority as described in Section 7 below. 'Bonds" titeauts bouth, cotes, wnrrults, leases, certificates of participation, installment purvirme - tgtacmeut.i, loan agreements and other securities or oblipitious issued by (lie Authority, or rutauciuq agreemcnts entered into by the Authority pursuant to die Act and airy other obligtatiuu within the mealtitg of Lite tern "Bonds" under the Act. 'Delegate' nicatls the Supervisor designated by the governing board of each Member to serve oo the Board of the Authority. 'Executive Committee' means the nice - member Executive Committee or the Roarcl established pursuant to Section 10 hercor, "Member' means any county which is a member of RCRC, has executed this Agreement and has become a nienhbcr of the Audiority. 'Obligations" means hoods, notes, warrants, leases, certificates of participation, instalment purchase agreements, loan agreements and other securities or obligations issued by die Authority, or limmcing agreements entered into by die Authority pursuant to die Act aril any other financial or legal obligation of the Authority under llte Act. 'Program" or "Project" uteaus any work, improvement, progr in, Project or service undertaken by the Authority. 'Rural County Representatives of California" or 'RCRC" mouts the noupt•nlit entity incorporated under that erne in [lie State orCalifomia. 'Supervisor' mcans all elected County Supervisor fiom all RCRC member county. 2. Purpose The purpose of the Authority is to provide financing for the acquisition, coustructiou, , improvement and reltabilit iiou of real properly in accordance with applicable provisions of law for die benefit of residents and conmumilies. fu Pursuit of this putlapse, this Agreement provides roe the joint exercise of powers commou to ally of its Members and Associate Members as provided herein, or otherwise authorized by the Act laid other applicable laws, ithcludiur; assisting Resolution No. 2015 -045 Page 5 of 16