HomeMy WebLinkAboutReso - CC - 008-2016RESOLUTION NO. 8-2016
CITY COUNCIL, CITY OF BURLINGAME, STATE OF CALIFORNIA
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BURLINGAME
CONSENTING TO INCLUSION OF PROPERTIES WITHIN THE CITY'S
JURISDICTION IN THE CALIFORNIA HOME FINANCE AUTHORITY, PROGRAM TO
FINANCE RENEWABLE ENERGY GENERATION, ENERGY AND WATER
EFFICIENCY IMPROVEMENTS AND ELECTRIC VEHICLE CHARGING
INFRASTRUCTURE AND APPROVING ASSOCIATE MEMBERSHIP IN THE JOINT
EXERCISE OF POWERS AUTHORITY RELATED THERETO
WHEREAS, the California Home Finance Authority ("Authority") is a joint
exercise of powers authority established pursuant to Chapter 5 of Division 7, Title 1 of
the Government Code of the State of California (Section 6500 and following) (the "Act")
and the Joint Power Agreement entered into on July 1, 1993, as amended from time to
time (the "Authority JPA"); and
WHEREAS, the Authority is in the process of amending the Authority JPA to
formally change its name to the Golden State Finance Authority; and
WHEREAS, Authority has established a property -assessed clean energy
("PACE") Program (the "Authority PACE Program") to provide for the financing of
renewable energy generation, energy and water efficiency improvements and electric
vehicle charging infrastructure (the "Improvements") pursuant to Chapter 29 of the
Improvement Bond Act of 1911, being Division 7 of the California Streets and Highways
Code ("Chapter 29") within counties and cities throughout the State of California that
elect to participate in such program; and
WHEREAS, City of Burlingame (the "City") is committed to development of
renewable energy generation and energy and water efficiency improvements, reduction
of greenhouse gases, and protection of the environment; and
WHEREAS, in Chapter 29, the Legislature has authorized cities and counties to
assist property owners in financing the cost of installing improvements through a
voluntary contractual assessment program; and
WHEREAS, installation of such Improvements by property owners within the
jurisdictional boundaries of the counties and cities that are participating in the Authority
PACE Program would promote the purposes cited above; and
WHEREAS, the City wishes to provide innovative solutions to its property owners
to achieve energy and water efficiency, and in doing so cooperate with Authority in
order to efficiently and economically assist property owners within the City in financing
such Improvements; and
WHEREAS, Authority has established the Authority PACE Program, which is
such a voluntary contractual assessment program, as permitted by the Act, the
Authority JPA, originally made and entered into July 1, 1993, as amended to date, and
the City, desires to become an Associate Member of the JPA by execution of the JPA
Agreement, a copy of which is attached as Exhibit "A" hereto, to participate in the
programs of the JPA and to assist property owners within the jurisdiction of the City in
financing the cost of installing Improvements; and
WHEREAS, the City will not be responsible for the conduct of any assessment
proceedings; the levy and collection of assessments or any required remedial action in
the case of delinquencies in the payment of any assessments or the issuance, sale or
administration of any bonds issued in connection with the Authority PACE Program.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF BURLINGAME
RESOLVES AS FOLLOWS:
1. This City Council finds and declares that properties in the City's incorporated
area will be benefited by the availability of the Authority PACE Program to
finance the installation of the Improvements.
2. This City Council consents to inclusion in the Authority PACE Program of all
of the properties in the jurisdictional boundaries of the City and to the
Improvements, upon the request by and voluntary agreement of owners of
such properties, in compliance with the laws, rules and regulations applicable
to such program; and to the assumption of jurisdiction thereover by Authority
for the purposes thereof.
3. The consent of this City Council constitutes assent to the assumption of
jurisdiction by Authority for all purposes of the Authority PACE Program and
authorizes Authority, upon satisfaction of the conditions imposed in this
resolution, to take each and every step required for or suitable for financing
the Improvements, including the levying, collecting and enforcement of the
contractual assessments to finance the Improvements and the issuance and
enforcement of bonds to represent such contractual assessments.
4. This City Council hereby approves joining the JPA as an Associate Member
and authorizes the execution by appropriate City officials of any necessary
documents to effectuate such membership.
5. City staff is authorized and directed to coordinate with Authority staff to
facilitate operation of the Authority PACE Program within the City, and report
back periodically to this City Council on the success of such program.
6. This Resolution shall take effect immediately upon its adoption. The City
Clerk is directed to send a certified copy of this resolution to the Secretary of
the Authority.
Ann Keighran,
I, Meaghan Hassel -Shearer, City Clerk of the City of Burlingame, do hereby certify that the
foregoing Resolution was introduced at a regular meeting of the City Council held on the 1st day of
February, 2016, and was adopted thereafter by the following vote:
AYES: Councilmembers: BEACH, BRONWRIGG, COLSON, KEIGHRAN, ORTIZ
NOES: Councilmembers: NONE
ABSENT: Councilmembers: NONE '////J//v
aghan akse-Shearer, City Clerk
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 Attaclmnent 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 Cliapter 5 of Division 7 of Title 1 of the
Government Code of die State of California (Che "Act"), By Resolution 2003-02, adopted on
January 15, 2003, die naive of the authority was changed to CRHMFA Homebuyers Fund. The
most. recent amendment to die joint Exercise of Powers Agreement was on January 28, 2004.
B. WHEREAS, the Members of CRHMFA Homebuyers Fund desire to update, reaffirm,
clarify and revise certain provisions of the joint powers agreement, including die renaming of the
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, the Members desire to create and establish a joint powers
authority to exercise their respective powers for the purpose of financing the construction,
acquisition, improvement and rehabilitation of real property within die jurisdiction of the Authority
as authorized by the Act.
NOW, THEREFORE, in consideration of the mutual covenants contained herein, the Members
individually and collectively agree as follows:
1. Definitions
Unless the context otherwise requires, die following terms shall for purposes of dais
Agreement have die meanings specified below:
"Act" means the Joint Exercise of Powers Act, commencing with Article 1 of Chapter 5 of
Division 7 of Title 1 of the Government Code of dne State of California, including the Maks-Roos
Local Bond Pooling Act of 1985, as amended.
"Agreement" means this Joint Exercise of Powers Agreement, as the sante now exists or as it
may from time to time be amended as provided herein.
"Associate Member" means a county, city or other public agency which is not a voting
member of the Rural County Representatives of California, a California nonprofit corporation
("RCRC" ), with legal power and authority similar to that of the Members, admitted pursuant to
paragraph 4.d. below to associate membership herein by vote of the Board.
"Audit Committee" means a committee made up of the nine -member Executive
Committee.
"Authority" means California Home Finance Authority ("CHF"), formerly known as
CRHMFA Homebuyers Fund or California Rural Home Mortgage Finance Authority.
"Board" means die governing board of the Authority as described in Section 7 below.
"Bonds" means bonds, notes, warrants, leases, certificates of participation, installment
purchase agreements, loan agreements and other securities or obligations issued by the Authority,
or financing agreements entered into by die Authority pursuant to the Act and any other obligation
within the meaning of the term "Bonds" under the Act.
"Delegate" means the Supervisor designated by the governing board of each Member to
serve on the Board of the Authority.
"Executive Committee" means die nine -member Executive Committee of the Board
established pursuant. to Section 10 hereof.
"Member" means any countywhich is a member of RCRC, has executed flus Agreement
and has become a member of die Authority.
"Obligations" mems bonds, notes, warrants, leases, certificates of participation, installment
purchase agreements, loan agreements and other securities or obligations issued by the Authority,
or financing agreements entered into by the Authority pursuant to the Act and any other financial
or legal obligation of the Authority under the Act.
"Program" or "Project" means any work, improvement, progrann, project or service
undertaken by the Authority.
"Rural County Representatives of California' or "RCRC" means the nonprofit entity
incorporated under that name in Che State of California.
"Supervisor" means an elected County Supervisor from an RCRC member county.
2. Purpose
The purpose of the Authority is to provide financing for the acquisition, construction, ,
improvement and rehabilitation of real property in accordance with applicable provisions of law
for the benefit of residents and communities. In pursuit of this purpose, this Agreement provides
for tine joint exercise of powers common to any of its Members and Associate Members as
provided herein, or otherwise audhorized by the Act and other applicable laws, including assisting
in financing as authorized herein, jointly exercised in the manner set forth herein.
Principal Place of Business
The principal office of die Authority shall be 1215 K Street, Suite 1650, Sacramento,
California 95814.
4. Creation of Authority; Addition of Members or Associate Members
a. The Audhority is hereby created pursuant to die Act. As provided in die Act, die
Authority shall be a public entity separate and distinct from the Members or Associate Members.
b. The Audhority will cause a notice of this Agreement or any amendment hereto to
be prepared and filed with the office of die Secretary of State of California in a tihnely fashion in
the manner set forth in Section 6503.3 of the Act.
C. A county that is a member of RCRC may petition to become a member of die
Authority by submitting to die Board a resolution or evidence of other formal action taken by its
governing body adopting this Agreement. The Board slhall review die petition for membership
and slhall vote to approve or disapprove die petition. If the petition is approved by a majority of
the Board, such county shall immediately become a Member of die Audhority.
d. An Associate Member may be added to die Authority upon die affirmative
approval of its respective governing board and pursuant to action by die Authority Board upon
such terms and conditions, and with such rights, privileges and responsibilities, as may be
establislhed from time to time by the Board. Such terms and conditions, and rights, privileges and
responsibilities may vary among die Associate Members. Associate Members shall be entitled to
participate in one or more progranis of are Authority as determined by the Board, but shall not be
voting members of die Board. The Executive Director of the Authority shall enforce die terms
and conditions for prospective Associate Members to die Authority as provided by resolution of
the Board and as amended from time [o time by the Board. Changes in the terms and conditions
for Associate Membership by the Board will not constitute an armendment of this Agreement.
Term and Termination of Powers
This Agreement shall become effective from die date hereof until die earlier of the time
when all Bonds and any interest thereon slhall have been paid in full, or provision for suclh
payment shall have been made, or wben die Authority shall no longer own or hold any interest in a
public capital improvement or program. The Authority shall continue to exercise die powers
herein conferred upon it until termination of this Agreement, except drat if any Bonds are issued
and delivered, in no event shall die exercise of the powers herein granted be terminated until all
Bonds so issued and delivered and die interest thereon sball have been paid or provision for such
payment shall have been made and any other debt incurred with respect to any other financing
program established or administered by die Authority has been repaid in full and is no longer
outstanding.
6. Powers; Restriction upon Exercise
It. To effectuate its purpose, the Audhority sliall have die power to exercise any and all
powers of the Members or of a joint powers authority under die Act and other applicable
provisions of law, subject, however, to the conditions and restrictions herein contained. Each
Member or Associate Member may also separately exercise any and all such powers. The powers
of the Authority are limited to those of a general law county.
b. The Authority may adopt, from time to time, such resolutions, guidelines, rules and
regulations for the conduct of its meetings and die activities of the Authority as it deems necessary
or desirable to accomplish its purpose.
C. The Authority sli<all have die power to finance the construction, acquisition,
improvement and rehabilitation of real property, including die power to purchase, with die
amounts received or to be received by it pursuant to a bond purchase agreement, bonds issued by
any of its Members or Associate Members and oilier local agencies at public or negotiated sale, for
the purpose set forth herein and in accordance with the Act. All or any part of such bonds so
purchased may be held by die Authority or resold to public or private purchasers at public or
negotiated sale. The Authority sliall set any other terns and conditions of any purchase or sale
contemplated herein as it deems necessary or convenient and in furtherance of die Act. The
Authority may issue or cause to be issued Bonds or other indebtedness, and pledge any of its
property or revenues as security to die extent permitted by resolution of die Board under any
applicable provision of law. The Authority may issue Bonds in accordance with die Act in order
to raise funds necessary to eflectuate its purpose hereunder and may enter into agreements to
secure such Bonds. The Authority may issue other forms of indebtedness authorized by the Act,
and to secure such debt, to further such purpose. The Authority may utilize other forms of capital,
including, but not limited to, tie Authority's internal resources, capital markets and other forms of
private capital investinent authorized by the Act..
d. 'I'lie Authority is hereby authorized to do all acts necessary for the exercise of its
powers, including, but not limited to:
(1) executing contracts,
(2) employing agents, consultants and employees,
(3) acquiring, constructing or providing for maintenance and operation of any
building, work or improvement,
(4) acquiring, holding or disposing of real or personal property wherever
located, including property subject to mortgage,
(5) incurring debts, liabilities or obligations,
(6) receiving gifts, contributions and donations of property; funds, services and
any other forms of assistance from persons, firms, corporations or
governmental entities,
(7) suing and being sued in its own name, and litigating or settling any suits or
claims,
(8) doing any and all things necessary or convenient to the exercise of its
specific powers and to accomplishing its purpose
(9) establishing and/or administering districts to finance and refinance the
acquisition, installation and improvement of energy efficiency, water
conservation and renewable energy improvements to or on real property
and in buildings. The Authority may enter into one or more agreements,
including without limitation, participation agreements and implementation
agreements to implement such programs.
e. Subject to die applicable provisions of any indenture or resolution providing for the
investment of monies held thereunder, die Audhority sliall have the power to invest any of its funds
as die Board deems advisable, in die sone manner and upon die sane conditions as local agencies
pursuant to Section 53601 of the Government Code of die State of California.
f. All property, equipment, supplies, funds and records of die Authority shall be
owned by the Audhority, except as may be provided odherwise herein or by resolution of die
Board.
g. Pursuant to the provisions of Section 6508.1 of tie Act, die debts, liabilities and
obligations of tie Authority shall not be debts, liabilities and obligations of die Members or
Associate Members. Any Bonds, together witi any interest and premium thereon, shall not
constitute debts, liabilities or obligations of any Member. The Members or Associate Members
hereby agree that any such Bonds issued by die Authority shall not constitute general obligations of
die Authority but shall be payable solely from die moneys pledged to die repayment of principal or
interest on such Bonds under the terms of the resolution, indenture, trust, agreement or other
instrument pursuant to which such Bonds are issued. Neither die Members or Associate
Members nor the Audiority shall be obligated to pay the principal of or premium, if any, or
interest on the Bonds, or other costs incidental diereto, except from the revenues and funds
pledged therefor, and neither die f iitlh and credit nor the G-ixing power of die Members or
Associate Members or the Authority shall be pledged to die payment of die principal of or
premium, if any, or interest on die Bonds, nor shall the Members or Associate Members of the
Authority be obligated in any manner to make any appropriation for such payment. No covenant
or agreement contained in any Bond sliall be deemed to be a covenant or agreement of any
Delegate, or any officer, agent or employee of the Authority in an individual capacity, and neither
the Board nor any officer thereof executing the Bonds or any document related thereto sli dl be
liable personally on any Bond or be subject to any personal liability or accountability by reason of
the issuance of any Bonds.
Governing Board
a. The Board shall consist of die number of Delegates equal to one representative
from each Member.
b. The governing body of each Member sliall appoint one of its Supervisors to serve
as a Delegate on the Board. A Member's appointment of its Delegate shall be delivered in writing
(which may be by electronic mail) to die Authority and shall be effective until lie or she is replaced
by such governing body or no longer a Supervisor; any vacancy shall be filled by the governing
body of the Member in the same manner provided in this paragraph b..
C. The governing body of each Member of the Board shall appoint a Supervisor as an
alternate to serve on die Board in die absence of die Delegate; the alternate may exercise all the
rights and privileges of tie Delegate, including die right to be counted in constituting a quorum, to
participate in the proceedings of die Board, and to vote upon any and all matters. No alternate
may have more than one vote at. any meeting of the Board, mid any Member's designation of an
alternate shall be delivered in writing (which may be by electronic maul) to the Authority and sliall
be effective until such alternate is replaced by his or her governing body or is no longer a
Supervisor, unless otherwise specified in such appointment. Any vacancy shall be filled by the
governing body of the Member in die same manner provided in this paragraph c..
d. Any person who is not a member of die governing body of a Member and who
attends a meeting on behall' of such Member may not vote or be comited toward a quorum but
may, at the discretion of the Chair, participate in open meetings he or she attends.
C. Each Associate Member may designate a non-voting representative to the Board
who may not be counted toward a quorum but who may attend open meetings, propose agenda
items and otherwise participate in Board Meetings.
f Delegates spall not receive compensation for serving as Delegates, but may claim
and receive reimbursement for expenses actually incurred in connection with such service
pursuant to rules approved by the Board and subject to the availability of funds.
g'. The Board sliall have die power, by resolution, to the extent permitted by the Act
or any other applicable law, to exercise any powers of the Authority and to delegate any of its
functions to the Executive Committee or one or more Delegates, officers or agents of the
Authority, and to cause any authorized Delegate, officer or agent to take any actions and execute
any documents for and in (lie name and on behalf of the Board or the Authority.
It. The Board may establish such committees as it deems necessary for any lawful
purpose; such committees are advisory only and may not act or purport to act on behalf of die
Board or die Authority.
i. The Board sliall develop, or cause to be developed, and review, modify as
necessary, and adopt each Program.
8. Meetings of the Board
a. The Board shall meet at. least once annually, but may meet more frequently upon
call of any officer or as provided by resolution of the Board.
b. Meeting's of the Board shall be called, noticed, lheld and conducted pursuant to die
provisions of the Ralph M. Brown Act, Chapter 9 (commencing with Section 51950) of Part I of
Division 2 of Title 5 of die Government Code of die State of California.
C. The Secretary of die Authority shall cause minutes of all meetings of die Board to
be taken and distributed to each Member as soon as possible atter each meeting.
d. The lesser of twelve (12) Delegates or a majority of die number of current
Delegates shall constitute a quorum for transacting business at any meeting of die Board, except
that less dhan a quorum may act to adjourn a meeting. Each Delegate shall have one vote.
Meetings may be held at any location designated in notice properly given for a
meeting and may be conducted by telephonic or similar means in any manner otherwise allowed
by law.
9. Officers; Duties; Official Bonds
a. The Board shall elect a chair and vice chair from among the Delegates at the
Board's annual meeting who shall serve a term of one (1) year or until their respective successor is
elected. The chair shall conduct the meetings of the Board and perform such other duties as may
he specified by resolution of die Board. The vice chair shall perform such duties in the absence or
in die event of the unavailability of the chair.
b. The Board shall contract annually with RCRC to administer the Agreement and to
provide administrative services to the Authority, and the President and Chief Executive Officer of
RCRC shall serve ex officio as Executive Director, Secretary, Treasurer, and Auditor of die
Authority. As chief executive of the Authority, die Executive Director is authorized to execute
contracts and other obligations of the Authority, unless prior Board approval is required by a third
party, by law or by Board specification, and to perform other duties specified by the Board. The
Executive Director may appoint such other officers as may be required for the orderly conduct of
the Authority's business and affairs who shall serve at the pleasure of the Executive Director.
Subject to the applicable provisions of any indenture or resolution providing for a trustee or other
fiscal agent, die Executive Director, as Treasurer, is designated as die custodian of the Authority's
funds, from whatever source, and, as such, shall have the powers, duties and responsibilities
specified in Section 6505.5 of the Act. The Executive Director, as Auditor, shall have die powers,
duties and responsibilities specified in Section 6505.5 of the Act.
C. The Legislative Advocate for the Authority shall he die Rural County
Representatives of California.
d. The Treasurer and Auditor are public officers who have charge of, handle, or have
access to all property of the Authority, and a bond for such officer in die ahnount of at least one
hundred thousand dollars ($100,000.00) shall be obtained at the expense of the Authority and
tiled with the Executive Director. Such bond may secure die faithful performance of such
officer's duties with respect to another public office if such bond in at least the saline amount
specifically mentions the office of the Authority as required herein. The Treasurer and Auditor
shall cause periodic independent audits to he made of die Authority's books by a certified public
accountant, or public accountant, in compliance with Section 6505 of die Act.
e. The business of die Authority shall be conducted under the supervision of the
Executive Director by RCRC personnel.
10. Executive Committee of the Authority
a. Composition
The Authority shall appoint nine (9) members of its Board to serve on an Executive
Committee.
b. Powers and Limitations
The Executive Committee shall act in an advisory capacity and snake
recommendations to the Audhority Board, Duties will include, but not be limited to, review of the
quarterly and annual budgets, service as the Audit Committee for the Authority, periodically
review this Agreement, and complete any other tasks as may be assigned by the Board. The
Executive Committee shall be subject to all limitations imposed by this Agreement, other
applicable law, and resolutions of the Board.
C. Quorum
A majority of the Executive Committee slhall constitute a quorum for transacting
business of the Executive Committee.
11. Disposition of Assets
Upon ternimation of this Agreement, all remaining assets and liabilities of die Audhority
shall be distributed to the respective Members in such manner as shall be determined by the
Board and in accordance widhthe law.
12. Agreement Not Exclusive; Operation in Jurisdiction of Member
This Agreement shall not be exclusive, and each Member expressly reserves its rights to
carry out other public capital improvements and programs as provided for by law and to issue
other obligations for those purposes. This Agreement slhall not be deemed to amend or alter the
terms of other agreements among the Members or Associate Members.
13. Conflict of Interest Code
The Authority shall by resolution adopt a Conflict of Interest Code as required by law.
14. Contributions and Advances
Contributions or advances of public funds and of personnel, equipment or property maybe
made to the Audhority by any Member, Associate Member or any other public agency to further
die purpose of this Agreement. Payment of public funds may be made to defray the cost of any
contribution. Any advance may be made subject to repayment, and in that case slhall be repaid in
die manner agreed upon by the advancing Member, Associate Member or other public agency and
the Authority at die time of malting die advance.
15. Fiscal Year; Accounts; Reports; Annual Budget; Administrative Expenses
It. The fiscal year of the Authority shall be die period from Jumary 1 of each year to
and including the following December 31, except for any partial fiscal year resulting from a change
in accounting based on a different fiscal year previously.
b. Prior to the beginning of each fiscal year, the Board shall adopt a budget for die
succeeding fiscal year.
C. The Aulbority sliall establish and maintain such funds and accounts as may be
required by generally accepted accounting principles. The books and records of die Authority are
public records and sliall be open to inspection at all reasonable times by each Member and its
representatives.
d. The Auditor shall either make, or contract with a certified public accountant or
public accountant to make, an annual audit of the accounts and records of the Authority. The
minimum requirements of die audit shall be those prescribed by the State Controller for special
districts under Section 26909 of the Government Code of die State of California, and shall
conform to generally accepted auditing standards. When an audit of accounts and records is made
by a certified public accountant or public accountant, a report thereof sliall be tiled as a public
record with each Member (and also with die auditor of Sacramento County as die county in which
die Authority's ollice is located) within 12 months after die end of die fiscal year.
C. In any year in which the annual budget of die Authority does not exceed five
thousand dollars ($5,000.00), die Board may, upon unanimous approval of the Board, replace die
annual auditt with an ensuing one-year period, but in no event for a period longer than two fiscal
years.
16. Duties of Members or Associate Members; Breach
If any Member or Associate Member sliall default in performing any covenant contained
herein, such default sliall not excuse that Member or Associate Member from fulfilling its other
obligations hereunder, aid such defaulting Member or Associate Member shall remain liable for
the performance of all covenants hereof. Each Member or Associate Member hereby declares
that this Agreement is entered into for the benefit of die Authority created hereby, and each
Member or Associate Member hereby grants to the Authority the right to enforce, by whatever
lawful means the Authority deems appropriate, all of die obligations of each of die parties
hereunder. Each and all of the remedies given to die Authority hereunder or by any law now or
hereafter enacted are cumulative, and the exercise of one right or remedy shall not impair die right
of the Authority to any or all other remedies.
17. Indemnification
To die full extent permitted by law, die Board may authorize indemnification by die
Authority of any person who is or was a Board Delegate, alternate, officer, consultant, employee or
other agent of die Authority, and who was or is a party or is threatened to be made a party to a
proceeding by reason of the fact that. such person is or was such a Delegate, alternate, officer,
consultant, employee or other agent of the Authority. Such indemnification may be made against
expenses, judgments, fines, settlements and other anhounts actually aid reasonably incurred in
connection w dh such proceeding, if such person acted in good faith and in a manner such person
reasonably believed to be in the best interests of die Authority and, in die case of a criminal
proceeding, had no reasonable cause to believe his or her conduct was unlawful and, in die case of
an action by or in the right of the Authority, acted with such care, including reasonable inquiry, as
an ordinarily prudent person in a like position would use under similar circumstances.
18. Immunities
All of die privileges and immunities Isom liabilities, exemptions from law, ordinances and
rules, all pension, relief', disability, workers' compensation and other benefits which apply to the
activity of officers, agents or employees of any of die Members or Associate Members when
performing their respective functions, shall apply to diem to the sante degree and extent while
engaged as Delegates or otherwise as an officer, agent or other representative of the Authority or
while engaged in the performance of any of their functions or duties under Che provisions of this
Agreement.
19. Amendment
Tbis Agreement may be amended by the adoption of the amendment by lie governing
bodies of a majority of the Members. The amendment shall become effective on tie first day of
lie month following the last required member agency approval. An amendment may be initiated
by the Board, upon approval by a majority of the Board. Any proposed amendment, including the
text of the proposed change, sliall be given by the Board to each Member's Delegate for
presentation and action by each Member's board within 60 days, which time may be extended by
die Board.
The list of Members, Attachment 1, may be updated to reflect new and/or withdrawn
Members without requiring Formal amendment of die Agreement by lie Authority Board of
Directors.
20. Withdrawal of Member or Associate Member
If a Member withdraws as member of RCRC, its membership in the Authority shall
automatically terminate. A Member or Associate Member may withdraw from this Agreement
upon written notice to the Board; provided however, that no such withdrawal sliall result in the
dissolution of the Authority as long as any Bonds or other obligations of the Authority remain
outstanding. Any such withdrawal sliall become effective thirty (30) days after a resolution adopted
by die Member's governing body which authorizes withdrawal is received by die Authority.
Notwithstanding the foregoing, any termination of membership or withdrawal from die Authority
shall not operate to relieve airy terminated or withdrawing Member or Associate Member from
Obligations incurred by such terminated or withdrawing Member or Associate Member prior to
the time of its termination or withdrawal.
20. Miscellaneous
a. Counterparts. Tbis Agreement may be executed in several counterparts, each of
which shall be an original and all of which shall constitute but one and the same instrument.
b. Construction. The section headings bercin are for convenience only and are not to
be construed as modifying or governing die language in the section referred to.
C. Approvals. Wherever in this Agreement any consent or approval is required, the
same shall not be unreasonably withheld.
d. Jurisdiction; Venue. This Agreement is made in the Stile of California, under the
Constitution and laws of such State and is to be so construed; any action to enforce or interpret its
terms shall be brought in Sacramento County, California.
C. Integration. This Agreement is the complete and exclusive statement of the
agreement among the parties hereto, and it supersedes and merges all prior proposals,
understandings, and other agreements, whether oral, written, or implied in conduct, between and
among the parties relating to the subject matter of this Agreement.
f. Successors; Assignment. This Agreement shall be binding upon and shall inure to
the benefit of the successors of the parties hereto. Except to the extent expressly provided herein,
no Member may assign any right or obligation hereunder without the consent of the Board.
g. Severability. Should any part, term or provision of this Agreement be decided by
[lie courts to be illegal or in conflict with any law of the State of California, or otherwise be
rendered unenforceable or ineffectual, Che validity of the remaining parts, terms or provisions
hereof shall not be affected tbereby.
The parties hereto have caused this Agreement to be executed and attested by their properly
authorized oflicers.
AS ADOPTED BY THE MEMBERS:
Originally datcdJuly 1, 1993
Amended and restated December 10, 1998
Amended and restated February 18, 1999
Amended and restated September 18, 2002
Amended and restated January 28, 2004
Anhended and restated December 10, 2014
/.SIGNATURES ONTOLLOWING PAGES)
SIGNATURE PAGE FOR NEW ASSOCIATE MEMBERS
NAME OF COUNTY OR CITY:
Dated:
Name:
Attest:
By
[Clerk of the Board Supervisors or City Clerk]
AFTER EXECUTION, PLEASE SEND TO:
YGRENE ENERGY FUND
ATTN: LEGAL DEPARTMENT
815 5TH S'T'REET
SANTA ROSA CA 95404
ATTACHMENT 1
CALIFORNIA HOME FINANCE AUTHORITY MEMBERS
As of December 10, 2014
Alpine County
Amador County
Butte County
Calaveras County
Colusa County
Del Norte County
El Dorado County
Glenn County
Humboldt County
Imperial County
Inyo County
Lake County
Lassen County
Madera County
Mariposa County
Mendocino County
Merced County
Modoc County
Mono County
Napa County
Nevada County
Placer County
Plumas County
San Benito County
Shasta County
Sierra County
Siskiyou County
Sutter County
Tehama County
Trinity County
Tuolumne County
Yolo County
Yuba County