R-031-15 Consenting to the Inclusion of Properties witin the Territory of the City in the CSCDA Open Pace Programs

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CALIFORNIA HOME FINANCE AUTHORITY AMENDED AND RESTATED JOINT EXERCISE OF POWERS AGREEMENT (Original date July 1, 1993 and as last amended and restated December 10, 2014•) THIS AMENDED AND RESTATED JOINT EXERCISE OF POWERS AGREEMENT ("Agreement") is entered into by and among the counties listed on Attachment 1 hereof and incorporated herein by reference. All such counties are referred to herein as "Members' with the respective powers, privileges and restrictions provided herein. RECITALS A. WHEREAS, the California Rural Home Mortgage Finance Authority ("CRHMFA") was created by a Joint Exercise of Powers Agreement dated July 1, 1993 pursuant to the Joint Exercise of Powers Act (commencing with Article 1 of Chapter 5 of Division 7 of Title 1 of the Government Code of the State of California (die "Act"). By Resolution 2003-02, adopted on January 15, 2003, die name of die authority was changed to CRHMFA Homebuyers Fund. The most recent amendment to lie joint Exercise of Powers Agreement was on January 28, 2004. B. WHEREAS, die Members of CRHMFA Homebuyers Fund desire to update, reaffirm, clarify and revise certain provisions of die joint powers agreement, including the renaming of die joint powers authority, as set forth herein. C. WHEREAS, the Members are each empowered by law to finance the construction, acquisition, improvement and rehabilitation of real property. D. WHEREAS, by this Agreement, lie Members desire to create and establish a joint powers authority to exercise their respective powers for die purpose of financing the construction, acquisition, improvement and rehabilitation of real property within lie jurisdiction of the Authority as authorized by die Act. NOW, THEREFORE, in consideration of the mutual covenants contained herein, die Members individually and collectively agree as follows: 1. Definitions Unless the context otherwise requires, tlhe following terns shall for purposes of tlhis Agreement have the meanings specified below: "Act" means die Joint Exercise of Powers Act, commencing with Article 1 of Chapter 5 of Division 7 of Tide 1 of the Government Code of the State of California, including the Marks -Roos Local Bond Pooling Act of 1985, as amended. "Agreement" means this Joint Exercise of Powers Agreement, as the sanne now exists or as it may from time to time be amended as provided herein.