1997 AGN DEC 02 I23 - Laserfiche WebLink

Browse Search

Cooperative Agreement County of San Bernardino and the City of Colton Paget . Section 3. The City hereby agrees to cooperate with the County in the exercise jointly or otherwise of their powers, pursuant to the Act and the Code, in connection with the providing of financial assistance for the Project . s Section 4. The City, pursuant to Section 8869.85(d) of the Government Code of the State of California, hereby assigns to the County activity bonds allocated to the City, with res any portion of the State ceiling for private Limitation Allocation Committee. "CDLAC�t for the Project, if any, by the .California Debt ) pursuant to Section 146 of the Internal Revenue Code of 1986 and Section 8869.85 of the Government Code. Such assignment is solely for use by the County to provide financial assistance for Project. Section 5,. The City agrees to undertake such further proceedings or actions as may be necessary in order to cant' out the terms and the intent of this Agreement. Nothing in this Agreement shall prevent the County from entering into one or more agreementswith oth County. er Political subdivisions within the County, if deemed necessary and advisable to do so by the Section 6. This Agreement may be amended by one or more supplemental agreements executed by the County and the City at any time, except that no such amendment or supplement shall be made which shall adversely affect the rights of the holders of the Bonds issued by the County, pursuant to the Act, to provide financial assistance for the Project. Section 7. The term of this Agreement shall extend until the Bonds issued from the allocation assigned in Section 4 hereof, are fully paid and retired, or shall terminate if Bonds are not issued to finance the Project. Section S. This Agreement shall take effect from and after its adoption. j:\PW\ en `\3tM0\C00pkooPI&.doc 2