RESOLUTION NO. 033-2025
A RESOLUTION OF THE CITY OF HAWAIIAN GARDENS, CALIFORNIA,
APPROVING, AUTHORIZING, AN DIRECTING EXECUTION OF A JOINT
EXERCISE OF POWERS AGREEMENT WITH THE CALIFORNIA
MUNICIPAL FINANCE AUTHORITY
WHEREAS, pursuant to Chapter 5 of Division 7 of Title 1 of the Government Code of the State of California (the “Act”), certain public agencies (the “Members”) have entered into a Joint Exercise of Powers Agreement Relating to the California Municipal Finance Authority, dated as of January 1, 2004 (the “Agreement”) in order to form the California Municipal Finance Authority (the “Authority”), for the purpose of promoting economic, cultural and community development and in order to exercise any powers common to the Members, including the issuance of bonds, notes or other evidences of indebtedness; and
WHEREAS, the City of Hawaiian Gardens, California (the “City”), has determined that it is in the public interest and for the public benefit that the City become a Member of the Authority in order to facilitate the promotion of economic, cultural and community development activities in the City, including the financing and other funding of projects therefor by the Authority; and
WHEREAS, there is now before this City Council the form of the Agreement; and
WHEREAS, the Agreement has been filed with the City, and the members of the City Council, with the assistance of its staff, have reviewed said document;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY AS FOLLOWS:
Section 1. The Agreement is hereby approved and the Mayor, the City or the designee of either is hereby authorized and directed to execute said document, and the City Clerk or such Clerk’s designee is hereby authorized to attest thereto, if requested by the Authority.
Section 2. The City official executing the Agreement, the Clerk and all other proper officers and officials of the City are hereby authorized and directed to execute such other agreements, documents and certificates, and to perform such other acts and deeds, as may be necessary or convenient to effect the purposes of this Resolution and the transactions herein authorized.
Section 3. The Clerk shall forward a certified copy of this Resolution and an originally executed Agreement to the Authority in care of its counsel:
Ronald E. Lee, Esq.
Jones Hall LLP
4 West 4th Avenue, Suite 406
San Mateo, CA 94402
Section 4. This Resolution shall take effect immediately upon its passage.
ADOPTED by the City Council of the City of Hawaiian Gardens, at a regular meeting of said Council held on 12th day of November, 2025, by the following vote:
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Dandy De Paula, Mayor
ATTEST:
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Pablo Rubio, City Clerk