HomeMy WebLinkAboutCC Reso No 1984-32RESOLUTION N0. 84-32
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF LAKE ELSINORE, CALIFORNIA,
ACCEPTING AN AMENDMENT OF 5.(g)
OF RTA JOINT POWERS AGREEMENT TO
AUTHORIZE TEMPORARY BDRROWTNG BY
RIVERSIDE TRANSIT AUTHORITY.
I WHEREAS, the City of Lake Elsinore is a party to the Joint
Powers Agreement establishing the Riverside Transit Agency, a separate
and distinct public entity, subject to the provisions set forth there-
in; and
WHEREAS, RTA has requested each member entity to consider
approving an amendment revising Part 5(g) of said Joint Powers Agree-
ment as follows:
"5. POWERS AND FUNCTIONS
RTA shall have the common power of the parties
to own, operate, and maintain a public transit
system and, in the exercise of the power under
this agreement, RTA is authorized in its own
name to:
(g) Accept contributions, grants, e~ loans,
or borrow €~er~ apy ~a~~~e aQepey; s+~ ~be
FJp~~ed S~a~es e~ ar~y de~a~~mep~; #ps~wdr~ep~-
~ a~#~y; e~ agepey ~be~es#; for the purpose
of financing the planning, acquisition,
_' construction, maintenance, or operation of
transit facilities. W~~b ~qe apap~r~e~s
a~q~eaa~ e# ~be ~a~~~es ~s ~q~s ag~ee~ep~;
R~A r~ay a~se asseq~ eep~~~~a~4eps; g~ap~s
e~ ~BdFlS €+~er~ e~be~ ~bap ~qe €s~eQe~p~
aea~ees.-"
WHEREAS, the reason for the proposed Amendment to said Joint
Powers Agreement is to authorize RTA to borrow money in a timely manner
to satisfy its cash flow needs; and
WHEREAS, paragraph 20 of said Joint Powers Agreement provides
that said Joint Powers Agreement may be amended by a written amendment
unanimously approved by the parties.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the
City of Lake Elsinore does hereby approve amending Part 5(g) of the
Joint Powers Agreement creating the Riverside Transit Agency to read
as follows:
"(g) Accept contributions, grants, loans, or borrow
for the purpose of financing the planning, ac-
quisition, construction, maintenance, or opera-
tion of transit facilities."
PASSED; APPROVED; AND ADOPTED this 24th Day of July, 1984.
AYES: KNIGHT, MATSON, STRIGOTTE, VERMILLION, ~ALENZUELA
NOES: NONE
ABSTENTIONS: NONE
ABSENT: NONE
G%~. s-C/
ARTA ~ALENZUELA, YOR
City of Lake Els ore
ATTEST:
C~f~
J ANN MONEY, CITY CLERK ~
'ty of Lake Elsinore
- 2 -
STATE OF CALIFORNIA )
) ss.
COUNTY OF RIVERSIDE )
I, Jo Ann Money City Clerk of the City of Lake Elsinore,
DO HEREBY CERTIFY that the foregoing resolution was duly adopted by the
City Council of the City of Lake Elsinore at a regular meeting of said
Council on the 24th day of July , 1984, and
that it was so adopted by the following vote:
AYES: COUNCILMEMBERS: KNIGHT, MATSON, STRIGOTTE, VERMILLION,
VALENZUELA
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
(SEAL1
STATE OF CALIFORNIA
COUNTY OF RIVERSIDE
ss.
~
J ANN MONEY, CITY CLERK
Y OF LAKE ELSINORE
I Jo Ann Money, City Clerk of the City of Lake Elsinore,
DO HEREBY CERTIFY that the above and foregoing is a full, true and correct
copy of Resolution No. 84-32 , of said Council, and that the same
has not been amended or reJ pea~
DATED: July 25, 1984
~
~ J ANN MONEY, CI Y CLERK
Y OF LAKE ELSINORE
(SEAL)