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HomeMy WebLinkAboutReso - BFA - 001-1995I BURLINGAME FINANCING AUTHORITY RESOLUTION NO. 1-1995 RESOLUTION ADOPTING THE BY-LAWS OF THE AUTHORITY; CONFIRMING THE CHAIR, VICE -CHAIR, EXECUTIVE DIRECTOR, SECRETARY, TREASURER AND CONTROLLER, RESPECTIVELY, OF THE AUTHORITY; ESTABLISHING THE TIME AND PLACE OF REGULAR MEETINGS OF THE AUTHORITY; ADOPTING A CONFLICT OF INTEREST CODE; AND RETAINING COUNSEL FOR THE AUTHORITY. WHEREAS, the City of Burlingame (the "City") and the Redevelopment Agency of the City of Burlingame (the "Agency") have heretofore executed a Joint Exercise of Powers Agreement, dated May 15, 1995 (the "Agreement"), by and between the City and the Agency, which Agreement creates and establishes the Burlingame Financing Authority (the "Authority"); NOW, THEREFORE, BE IT RESOLVED by the Governing Board of the Burlingame Financing Authority, as follows: Section 1. The By -Laws attached hereto as Exhibit A are adopted as the By - Laws of the Authority. Section 2. Pursuant to Section 2.2 of the By -Laws, the Mayor of the City shall be Chair of the Authority. Section 3. Pursuant to Section 2.3 of the By -Laws, the Vice -Mayor of the City shall be Vice -Chair, of the Authority. Section 4. Pursuant to Section 2.4 of the By -Laws, the City Manager of the City shall be Executive Director of the Authority. Section 5. Pursuant to Section 2.5 of the By -Laws, the Clerk of the City shall be Secretary of the Authority. SF2-43521.2 Section 6. Pursuant to Section 4(D) of the Agreement, the Treasurer of the City shall be Treasurer and Controller of the Authority. Section 7. The regular meetings of the Authority shall be held at City Hall, 501 Primrose Road, Burlingame, California, or such other place as the Governing Board of the Authority may designate from time to time, at such time as may be designated by appropriate notice. Section 8. Pursuant to Section 4(D)(7) of the Agreement, the City Attorney of the City of Burlingame is hereby retained as counsel to the Authority. Section 9. Whenever an officer of the Agency or the City is designated an officer of the Authority, the assistants and deputies of such officer from time to time shall also be, ex officio, officers of the Authority; and whenever a power is granted to, or a duty imposed upon, such officer, the power may be exercised, or the duty performed, by such assistant or deputy. Section 10. Pursuant to Section 12 of the Agreement, the Conflict of Interest Code of the City (with respect to the members of the Governing Board, on file with the Secretary and incorporated by reference as if fully set forth herein), is hereby adopted as the Conflict of Interest Code of the Authority. Section 11. The Board hereby determines that an audit shall be caused to be performed every year by the Treasurer and Controller of the Authority as provided by Section 6505 of the Government Code of the State of California. Such audit shall be filed with the Secretary of the Authority. SF243521.2 2 Section 12. This resolution shall take effect from and after its adoption I hereby certify that the foregoing is a full, true and correct copy of a resolution duly passed and adopted by the Burlingame Financing Authority at a regular meeting thereof held on the 15th day of May, 1995, by the following vote of the members thereof: AYES: BOARDMEMBERS: HARRISON, KNIGHT, O'MAHONY, SPINELLI NOES: BOARDMEMBERS : NONE ABSENT: BOARDMEMBERS: PAGLIARO BMW, -W V. V'?.- V"A sF2-43521.2 3 SECRETARY'S CERTIFICATE I, ] 1 D I T H A- MA FATT T , Secretary of the Burlingame Financing Authority, do hereby certify as follows: The foregoing resolution is a full, true and correct copy of a resolution duly adopted by a vote of a majority of the members of the Governing Board of said Authority at a special meeting of the Governing Board of said Authority duly and legally held at City Hall, Burlingame, California, on May 15, 1995, of which meeting all of such members had due notice, as follows: AYES: HARRISON, KNIGHT, 0-MAHONY, SPINELLI NOES: NONE ABSTAIN: NONE ABSENT: PAGL I ARO An agenda of said meeting was posted at least 72 hours before said meeting at 501 Primrose Road, Burlingame, California, a location freely accessible to members of the public, and a brief description of said resolution appeared on said agenda. I have carefully compared the foregoing with the original minutes of said meeting on file and of record in my office, and the foregoing is a full, true and correct copy of the original resolution adopted at said meeting and entered in said minutes. Said resolution has not been amended, modified or rescinded since the date of its adoption and the same is now in full force and effect. Dated: May 16 , 1995. [Seal] Secretary of the Burling&lk Financing Authority SF2-43521.2