CALIFORNIA HOME FINANCE AUTHORITY JOINT EXERCISE OF POWERS OF AUTHORITY-2014

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A- 2015-130 CALIFORNIA HOME FINANCE ALTMORrr Y AMENDED AND RESTATED JOINT EXERCISE OF POWERS AGREEMENT (Original date,July I, 1993 ail as last amended and restated December 10, 2011) PHIS AMENDED AND RESTATED A I"ED JOIN I EXERCISE ISE OF POWERS AGREEMENT MENI' ( "Agreement) is entered into by and among the counties listed on Attachment I hereof and incorporated herein by reference. All such counties are referred to herein as'Members with the respective powers, privileges and restrictions provided herein. RECITALS A. WHEREAS, the California Rural Horne Mortgage Finance Authority ( "CRHNIFA ") was created by a Joan Exercise of Powers Agrecurtent dated,Jtdy 1, 093 pursuatit to the Jonnt Lxercisc of Powers Act (commencing with Article I of Chapter 5 of Division 7 of Tittle 1 of the Government Code of the State of California (the "Act "), By Resolutioi,) 2003 -02, adopted on January 15, 2003, the no-one of the authority was cha gcd to CRHMIA Homebuyers Fund. The i most recent amendment to the Joint Exercise of Powers Agreement was on Jiumauy 28, 2004. ss B. WHEREAS, the Members of CRHMFA Homebuyers Fund desire to update, reaffirm, clarify and revise certain provisions of the jouit powers agreement, includijig the renaming of the joint powers authority, as set forth herein, C. WHERDVS, die Members are each empowered by law to linartce the coustructiou, acquisition, improvement and rehabilitation of neat property. D. WHITEAS, by this Agreement, the Members desire to create and establish a joint powers authority to exercise their respective powers for die purpose of financing the coustruction, acquisition, improvement and rehabilitation of real property within the jurisdiction of the Authority as authorized by the Act. NOW, THEREFORE, in consideration of tlne mutual covenants contained hereui, the Members individually and collectively agree as follows: Definitous Unless Elie context odnerwise requires, the follouvig terms shall for purposes of this Agreement have the meanings specified below: "Ace uieauns the Joint Exercise of Powers Act, commencing with Article 1 of Chapter 5 of Division 7 of Titic I of fie Government Code of the State of California, including die Marks -Roos Local Bond Pooling-Act of` 1985, as amcnnded. "Agreement" rncinns this Joint Exercise o1' Powers Agreement, as the same now exists or as it may from time to tune be amended as provided herein.