Loading...
HomeMy WebLinkAbout55A - RESO TERM JOINT POWERSREQUEST FOR COUNCIL ACTION CITY COUNCIL MEETING DATE: FEBRUARY 6, 2018 TITLE: ADOPT RESOLUTION TERMINATING THE JOINT POWERS AGREEMENT ESTABLISHING THE COUNTYWIDE PUBLIC FINANCING AUTHORITY AND DISSOLVING THE AUTHORITY UPON CONCURRENCE OF ALL MEMBERS (STRATEGIC PLAN NO, 4, 1) CITY MA AGER RECOMMENDED ACTION CLERK OF COUNCIL USE ONLY: APPROVED ❑ As Recommended ❑ As Amended ❑ Ordinance on 1st Reading ❑ Ordinance on 2nd Reading ❑ Implementing Resolution ❑ Set Public Hearing For CONTINUED TO FILE NUMBER Adopt a resolution terminating the Countywide Public Financing Authority (Authority) agreement and dissolving the Authority upon concurrence of all its members. DISCUSSION In February 1996, the Orange County Board of Supervisors approved for the implementation and operation of the Orange County 800 MHz Communication System. On June 19, 1996, a Joint Powers Agreement was established among the cities of Brea, Buena Park, Fullerton, Garden Grove, Orange, Seal Beach, Stanton, Tustin and Santa Ana in order to proportionately share the financing of the Orange County wide 800 MHz Communications System. The 800 MHz Communications system was to replace `the then UHF radio system which was obsolete. The system was not encrypted, would not allow for multiple agency communication, and was limited in frequencies. In 1996 Revenue bonds in the approximate amount of $28 million were issued in order to finance the various capital improvements within the boundaries of each of the participating cities. Improvements and the bonds have been fully paid and the authority has no remaining assets, liabilities or outstanding obligations. As such, the Countywide Public Financing is considered inactive. The California State Controllers' Office is now requesting that any inactive Authority be dissolved. Bond Counsel, Quint & Thimmig, has indicated that if each city terminates the agreement and authorizes dissolution of the Countywide Public Financing Authority, that this will suffice the dissolution requirement required by the State Controllers' Office. 55A-1 Reso to Terminate Joint Powers Agreement Countywide Public Financing Authority February 6, 2018 Page 2 STRATEGIC PLAN ALIGNMENT Approval of this item assists the City's effort to meet Goal #4, Objective #1 (maintain a stable, efficient and transparent financial environment.). FISCAL IMPACT There is no fiscal impact associated with this action. Francisco Gutierrez Executive Director Finance and Management Services Agency Exhibit: 1. Resolution 55A-2 LS 2.6.18 RESOLUTION NO. 2018- A RESOLUTION OF THE OF THE CITY COUNCIL OF THE CITY OF SANTA ANA APPROVING THE DISSOLUTION OF THE COUNTYWIDE PUBLIC FINANCING AUTHORITY BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA, AS FOLLOWS: Section 1. The City Council of the City of Santa Ana conclusively finds, determines and declares as follows: A, The Countywide Public Financing Authority (the "Authority") was created by the cities of Brea, Buena Park, Fullerton, Garden Grove, Orange, Santa Ana, Seal Beach, Stanton and Tustin (collectively, the "Members") pursuant to a joint powers agreement dated June 19, 1996 (the 'JPA Agreement"). The Authority was created to provide a vehicle to financing projects beneficial to the Members. B, The Authority has no remaining assets; liabilities or other outstanding obligations, and is not party to any outstanding material contracts. C. The Members desire to dissolve the Authority and terminate the JPA Agreement. NOW, THEREFORE, it is hereby ORDERED and DETERMINED, as follows: Section 2. The City, as a Member, hereby elects to terminate the JPA Agreement and to dissolve the Authority which dissolution shall take effect upon the concurrence of all of the Members. Section 3. The City authorizes Quint & Thimmig LLP, Larkspur, California, to provide all necessary documentation to the State Controller to effectuate such dissolution. Section 4. The City authorizes the City Manager and the Finance Director to do any and all things and execute and deliver any and all documents which they may deem necessary or advisable in order to consummate, carry out, give effect to and comply with the terms and intent of this resolution and the dissolution of the Authority. Any actions heretofore taken by such person in furtherance off any of the actions authorized herein are hereby ratified, confirmed and approved. Section 5. This Resolution shall take effect immediately upon its adoption by the City Council, and the Clerk of the Council shall attest to and certify the vote adopting this Resolution. 55A-3 LS 2.6.18 ADOPTED this _ day of APPROVED AS TO FORM: Sonia R. Carvalho City Attorney Byre' C Lisa E. Storck Assistant City Attorney AYES: NOES: ABSTAIN: NOT PRESENT;. Councilmembers: Councilmembers`. Councilmembers: Councilmembers: 2018. Miguel A. Pulido Mayor CERTIFICATION OF ATTESTATION AND ORIGINALITY 1, MARIA D. HUIZAR, Clerk of Council, do hereby attest to and certify the attached Resolution No. 2018- to be the original resolution adopted by the City Council of the City of Santa Ana on 2018. Date: Clerk of Council City of Santa Ana 55A-4