HomeMy WebLinkAboutCouncil Agenda StatementCITY OF NATIONAL CITY, CALIFORNIA
COUNCIL AGENDA STATEMENT
MEETING DATE: July 2, 2013
AGENDA ITEM NO.
ITEM TITLE:
Resolution of the City Council of the City of National City authorizing termination of Joint Exercise of Powers
Agreement Creating the San Diego Area Housing and Finance Agency, a Joint Powers Authority, and granting
authority to the President and Secretary of the agency to execute documents for purposes of closing out the
affairs of the agency. (Housing, Grants, and Asset Management)
PREPARED BY: Alfredo Ybarra
PHONE: 619 336-4279
EXPLANATION:
DEPARTMENT: Housing, Grant , Asset
Management 1 j
APPROVED BY:
It is recommended that the City Council of the City of National City approve a resolution authorizing the
termination of the Joint Exercise of Powers Agreement ("Agreement") Creating the San Diego Area
Housing and Finance Agency ("Agency") at the request of the Agency Board of Directors ("Board")
pursuant to article 7, section 7.01 of the Agreement, and authorizing the President, Secretary, and the
General Counsel of the Agency to execute documents necessary to the closing out of the affairs of the
Agency.
FINANCIAL STATEMENT:
ACCOUNT NO.
APPROVED:
APPROVED:
Finance
MIS
The termination of the Agency will result in approximately $13,000 to be retumed to the City as its share
of the remaining assets of the Agency.
ENVIRONMENTAL REVIEW:
NA
ORDINANCE: INTRODUCTION:
FINAL ADOPTION:
STAFF RECOMMENDATION:
Adopt resolution
BOARD / COMMISSION RECOMMENDATION:
ATTACHMENTS:
A. Background
B. Agreement