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R-031-17 Consenting to the inclusion of properties within the territory of the city in the California Municipal Finance Authority Open Pace Programs
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R-031-17 Consenting to the inclusion of properties within the territory of the city in the California Municipal Finance Authority Open Pace Programs
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11/11/2020 9:44:35 AM
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11/11/2020 9:33:39 AM
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7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />and, pursuant thereto, the conduct of special assessment proceedings by the Authority <br />pursuant to Chapter 29 and the issuance of bonds to finance or refinance Improvements. <br />Section 3. In connection with the Programs, the City hereby consents to the conduct <br />of special assessment proceedings by the Authority pursuant to Chapter 29 on any property <br />within the territory of the City and the issuance of bonds to finance or refinance <br />Improvements; provided, that <br />(1) The Participating Property Owners, who shall be the legal owners of such <br />property, execute a contract pursuant to Chapter 29 and comply with other <br />applicable provisions of California law in order to accomplish the valid levy of <br />assessments; and <br />(2) The City will not be responsible for the conduct of any assessment <br />proceedings; the levy of assessments; any required remedial action in the case of <br />delinquencies in such assessment payments; or the issuance, sale, administration, <br />repayment or guarantee of any bonds issued in connection with the Programs. <br />Section 4. The appropriate officials and staff of the City are hereby authorized and <br />directed to make applications for the Programs available to all property owners who wish <br />to finance or refinance Improvements; provided, that the Authority shall be responsible for <br />providing such applications and related materials at its own expense. The following staff <br />persons, together with any other staff persons chosen by the Mayor or City Manager of the <br />City from time to time, are hereby designated as the contact persons for the Authority in <br />connection with the Programs: Environmental Conservation Supervisor. <br />Section 5. The appropriate officials and staff of the City are hereby authorized and <br />directed to execute and deliver such certificates, requisitions, agreements and related <br />documents as are reasonably required by the Authority to implement the Programs. <br />
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