HomeMy WebLinkAbout2018-005 - Approving the Dissolution of the Countywide Public Financing AuthorityLS 2.6.18
RESOLUTION NO. 2018-005
A RESOLUTION 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 a 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.
Resolution No. 2018-005
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ADOPTED this 6t" day of February, 2018.
APPROVED AS TO FORM:
Sonia R. Carvalho
City Attorney
By: " <_ C.
Lisa E. Storck
Assistant City Attorney
AYES:
NOES:
ABSTAIN
Councilmembers: Benavides Martinez Pulido, Sarmiento, Solorio,
Villeoas (6)
Councilmembers
Councilmembers
NOT PRESENT: Councilmembers
None (0)
None (0)
Tinaiero (1)
CERTIFICATION OF ATTESTATION AND ORIGINALITY
I, MARIA D. HUIZAR, Clerk of Council, do hereby attest to and certify the
attached Resolution No. 2018-005 to be the original resolution adopted by the City
Council of the City of Santa Ana on February 6, 2018.
Date:
Maria D. Huizar
Clerk of Council
City of Santa Ana
Resolution No. 2018-005
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