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8M Consent 2016 0606
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Packet 2016 0606
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8M Consent 2016 0606
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Last modified
6/8/2016 8:03:17 AM
Creation date
6/2/2016 10:25:08 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
6/6/2016
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PERM
Document Relationships
_CC Agenda 2016 0606 CS+RG
(Reference)
Path:
\City Clerk\City Council\Agenda Packets\2016\Packet 2016 0606
Reso 2016-068
(Reference)
Path:
\City Clerk\City Council\Resolutions\2016
Reso 2016-069
(Reference)
Path:
\City Clerk\City Council\Resolutions\2016
Reso 2016-070
(Reference)
Path:
\City Clerk\City Council\Resolutions\2016
Reso 2016-071
(Reference)
Path:
\City Clerk\City Council\Resolutions\2016
Reso 2016-072
(Reference)
Path:
\City Clerk\City Council\Resolutions\2016
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<br />. (4) acquiring, holding or disposing of real or personal property wherever located, <br />including property subject to mortgage, <br />. (5) incurring debts, liabilities or obligations, <br />. (6) receiving gifts, contributions and donations of property, funds, services and <br />any other forms of assistance from persons, firms, corporations or governmental <br />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 the exercise of its specific <br />powers and to accomplishing its purpose <br />. (9) establishing and/or administering districts to finance and refinance the <br />acquisition, installation and improvement of energy efficiency, water conservation <br />and renewable energy improvements to or on real property and in buildings. The <br />Authority may enter into one or more agreements, including without limitation, <br />participation agreements and implementation agreements to implement such <br />programs. <br />e. Subject to the applicable provisions of any indenture or resolution providing for <br />the investment of monies held thereunder, the Authority shall have the power to invest <br />any of its funds as the Board deems advisable, in the same manner and upon the same <br />conditions as local agencies pursuant to Section 53601 of the Government Code of the <br />State of California. <br />f. All property, equipment, supplies, funds and records of the Authority shall be <br />owned by the Authority, except as may be provided otherwise herein or by resolution of <br />the Board. <br />g. Pursuant to the provisions of Section 6508.1 of the Act, the debts, liabilities and <br />obligations of the Authority shall not be debts, liabilities and obligations of the Members <br />or Associate Members. Any Bonds, together with any interest and premium thereon, shall <br />not constitute debts, liabilities or obligations of any Member. The Members or Associate <br />Members hereby agree that any such Bonds issued by the Authority shall not constitute <br />general obligations of the Authority but shall be payable solely from the moneys pledged <br />to the repayment of principal or interest on such Bonds under the terms of the resolution, <br />indenture, trust, agreement or other instrument pursuant to which such Bonds are issued. <br />Neither the Members or Associate Members nor the Authority shall be obligated to pay <br />the principal of or premium, if any, or interest on the Bonds, or other costs incidental <br />thereto, except from the revenues and funds pledged therefor, and neither the faith and <br />credit nor the taxing power of the Members or Associate Members or the Authority shall <br />be pledged to the payment of the principal of or premium, if any, or interest on the <br />Bonds, nor shall the Members or Associate Members of the Authority be obligated in any <br />manner to make any appropriation for such payment. No covenant or agreement <br />contained in any Bond shall be deemed to be a covenant or agreement of any Delegate, or
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