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Consent-General Government # 10.
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| Board of Supervisors |
County Administrator |
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| Subject |
| Adopt resolution approving revisions to the Golden State Finance Authority Joint Powers Agreement. (No general fund impact) (Blacklock/Tengolics) |
| Recommended Action |
| Adopt resolution (Attachment A) approving revisions to the Golden State Finance Authority Joint Powers Agreement. |
| Strategic Plan Goal(s) |
| Operational Excellence |
| Reason for Recommended Action/Background |
On August 14, 2019, the Board of Directors of Golden State Finance Authority (GSFA), a Joint Powers Authority of which Yolo County is a member, voted unanimously to approve proposed revisions to the Joint Powers Authority (JPA) Agreement. The JPA Agreement was last amended and restated in March 2015. Clean and redlined (comparison) versions of the Agreement with the proposed changes are included as Attachments B and C, respectively.
Yolo County is a member of the JPA by its membership in the Rural County Representatives of California (RCRC). The purpose of the JPA 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.
Following approval of the GSFA Board of Directors, the next step is for the revised Agreement to be provided to each Member County for review and approval by the Member County Board of Supervisors. The primary specific revisions to the Agreement are as follows:
- Expressly authorizing GSFA to establish and operate programs and projects to promote public safety, economic development, and environmental protection, including without limitation forest resiliency, wildfire risk reduction, air quality improvement, and waste diversion and reuse.
- Clarifying that GSFA may finance the preservation of real property and infrastructure.
- Incorporating recent amendments to the PACE statutes expanding the types of improvements that may be financed through that program.
- Expressly authorizing GSFA to issue Industrial Development Bonds for qualifying projects.
- Specifically referencing GSFA's ability to create nonprofit corporations.
- Other technical amendments to revise obsolete language or conform to current practice.
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| Collaborations (including Board advisory groups and external partner agencies) |
| County Counsel |
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