HomeMy WebLinkAboutResolution No. 4066 - City Authorization of JPAResolution No. 4066
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STATE OF CALIFORNIA ) RESOLUTION NO. 4066
COUNTY OF RIVERSIDE ) ss
CITY OF SAN JACINTO )
A RESOLUTION OF THE CITY OF SAN JACINTO,
CALIFORNIA, AUTHORIZING THE CREATION OF THE
CITY OF SAN JACINTO PUBLIC FINANCING AUTHORITY
AND CERTAIN OTHER MATTERS PERTAINING THERETO
WHEREAS, the City Council (the “City Council”) of the City of San Jacinto
(the "City") has determined that it is in the best interests of the City to approve a joint
powers authority which shall be created by the City and the Industrial Development
Authority of the City of San Jacinto (the "Industrial Development Authority") for the
purpose of assisting the members of such joint powers authority with the financing of
public capital improvements for the benefit of the community; and
WHEREAS, it has been proposed that the City and the Industrial
Development Authority form a joint powers authority to be designated as the "City of San
Jacinto Public Financing Authority" (the "Financing Authority"), pursuant to a Joint
Exercise of Powers Agreement (the "Joint Powers Agreement"), by and between the City
and the Industrial Development Authority, dated March 18, 2025, a copy of which has
been presented to the City Council, pursuant to the Joint Powers Law (Articles 1 through
4 of Chapter 5, division 7, Title 1 of the California Government Code); and
WHEREAS, the City Council, with the aid of its staff, has reviewed the Joint
Powers Agreement and the City Council wishes to approve the Jo int Powers Agreement,
the creation of the Financing Authority and matters related thereto ;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SAN
JACINTO RESOLVES AS FOLLOWS:
SECTION 1. Creation of Authority. The City hereby approves the creation of the
Financing Authority, the membership of the City therein and the Joint
Powers Agreement. The Mayor, the City Manager and the City Clerk are
and each of them is hereby authorized and directed to execute and delivery
the Joint Powers Agreement for and on behalf of the City with any such
changes as the City Manager may deem appropriate.
SECTION 2. Effective Date. This Resolution shall become effective on the date on which
it is adopted.
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Resolution No. 4066
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PASSED, APPROVED, AND ADOPTED, at a regular meeting of the City
Council on the 18th day of March 2025, by the following vote:
AYES: Ledezma, Sanchez, Ayala, Ruiz, Vandever
NAYS: None
ABSENT: None
ABSTAIN: None
CITY OF SAN JACINTO:
______________________________
Valerie Vandever, Mayor
ATTEST:
______________________________
Julia Espinoza, City Clerk
APPROVED AS TO FORM:
Best Best & Krieger LLP
______________________________
Craig Hayes, City Attorney
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Resolution No. 4066
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STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE )
CITY OF SAN JACINTO )
CERTIFICATION
I, Julia Espinoza, City Clerk of the City of San Jacinto, DO HEREBY CERTIFY that
the foregoing Resolution No. 4066 was passed, approved, and adopted at the Regular
Meeting of the San Jacinto City Council held on the 18th day of March 2025.
AYES: Ledezma, Sanchez, Ayala, Ruiz, Vandever
NAYS: None
ABSENT: None
ABSTAIN: None
WITNESS MY HAND AND OFFICIAL SEAL on the 18th day of March 2025.
______________________________
Julia Espinoza, City Clerk
City of San Jacinto
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