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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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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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11/11/2020 12:48:31 PM
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a. To effectuate its purpose, the Authority shall have the power to exercise any and all <br />powers of the Members or of a joint powers authority under the Act and other applicable <br />provisions of law, subject, however, to die conditions and restrictions herein contained. Each <br />Member or Associate Member may also separately exercise any and all such powers. The powers <br />of die Authority are limited to those of a general law county. <br />b. The Authority may adopt, from time to time, such resolutions, guidelines, rules and <br />regulations for die conduct of its meetings and die activities of die Authority as it deems necessary <br />or desirable to accomplish its purpose. <br />C. The Authority shall have the power to finance die construction, acquisition, <br />improvement and rehabilitation of real property, including the power to purchase, with die <br />amounts received or to be received by it pursuant to a bond purchase agreement, bonds issued by <br />any of its Members or Associate Members and other local agencies at public or negotiated sale, for <br />die purpose set fords herein and in accordance widh die Act. All or any part of such bonds so <br />purchased may be held by the Authority or resold to public or private purchasers at public or <br />negotiated sale. The Authority shall set any other terms and conditions of any purchase or sale <br />contemplated herein as it deems necessary or convenient and in furtherance of die Act. The <br />Authority may issue or cause to be issued Bonds or other indebtedness, and pledge any of its <br />property or revenues as security to die extent permitted by resolution of the Board under any <br />applicable provision of law. The Authority may issue Bonds in accordance with the Act in order <br />to raise funds necessary to effectuate its purpose hereunder and may enter into agreements to <br />secure such Bonds. The Authority may issue other forms of indebtedness authorized by die Act, <br />and to secure such debt, to further such purpose. The Authority may udlve other forms of capital, <br />including, but not limited to, the Authority's internal resources, capital markets and other forms of <br />private capital investment authorized by the Act.. <br />d. The Authority is hereby authorized to do all acts necessary for the exercise of its <br />powers, including, but not limited to: <br />(1) executing contracts, <br />(2) employing agents, consultants and employees, <br />(3) acquiring, constructing or providing for maintenance and operation of any <br />building, work or improvement, <br />(4) acquiring, holding or disposing of real or personal property wherever <br />located, including property subject to mortgage, <br />(5) incurring debts, liabilities or obligations, <br />(6) receiving gifts, contributions and donations of properly, funds, services and <br />any other forms of assistance from persons, firms, corporations or <br />governmental entities, <br />(7) suing and being sued in its own name, and litigating or settling any suits or <br />claims, <br />(8) doing any and all things necessary or convenient to die exercise of its <br />specific powers and to accomplishing its purpose <br />(9) establishing and/or administering districts to finance and refinance die <br />acquisition, installation and improvement of energy efficiency, water <br />
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