1996 RES R-94-96 - Laserfiche WebLink

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AMENDMENT NO. 2 TO AMENDED JOINT EXERCISE OF POWERS AGREEMENT (INLAND VALLEY DEVELOPMENT AGENCY) THIS AMENDMENT NO. 2 ("Amendment No. 2") to that certain Amended Joint Exercise of Powers Agreement which is dated for convenience as of February 12, 1990 ("Amended JPA"), is made and entered into this day of , 1996, by and among the Cities of San Bernardino, Colton, Loma Linda and the County of San Bernardino (collectively "Members"), and the City of Highland ("Highland" or "New Member"). The Members and the New Member agree as follows: In accordance with Sections 2.04 and 8.04 of the Amended JPA, the Members of the Inland Valley Development Agency ("Agency") deem it appropriate to admit Highland as a New Member of the Agency upon the terms and conditions set forth below. Except as specifically amended herein, the terms and conditions of the Amended JPA and Amendment No. 1 to the Amended JPA, which became effective on April 13, 1992, remain in full force and effect, except as to the extent necessary to conform to the amendments contained herein. The terms used herein, unless otherwise defined, shall have the same meanings as in the Amended JPA and Amendment No. 1. References herein to "Section" are to Sections of the Amended JPA, and references to "paragraph" are to paragraphs of this Amendment No. 2. 5r91VTT4U*TaV4t*1 Upon approval of this Amendment No. 2 by the Members and Highland, Section 2.04 is amended to add additional paragraphs to read as follows: The membership of the Agency shall be expanded to include Highland as a New Member. As a condition of membership, the City Council of Highland shall designate an area of approximately 450 acres to be included within a survey area of the Agency, and such area shall be considered for inclusion by the Agency within the Project Area. Upon the adoption of the amendment to the Redevelopment Plan to add the Highland territory to the Project Area, the Highland general fund portion of the property taxes shall be treated in the same manner as are the other city Members of the Agency (i.e., fifty percent (50%) of the Highland general fund taxes paid upon - 1 -