Resolution - 3460•
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RESOLUTION NO. 3460
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF WEST COVINA URGING THE LOS ANGELES COUNTY
BOARD OF SUPERVISORS TO INITIATE A PUBLIC
AUTHORITY FINANCING PROGRAM UNDER THE PROVI-
SIONS OF A JOINT POWERS AGREEMENT FOR THE
DEVELOPMENT OF COUNTY AND CITY FACILITIES IN
WEST COVINA CIVIC CENTER
WHEREAS, the Los Angeles County Board of Supervisors
and the West Covina City Council have undertaken studies for
the joint financing of a needed County and City facilities in
the West Civic Center; and
WHEREAS, the financial consulting firm of Stone &
Youngberg has shown that public authority financing under the
provisions of a joint powers agreement between the County and
City is the most feasible and economical method of developing
the needed County and City facilities in the West Covina Civic
Center;
NOW, THEREFORE, the City Council of the City of West
Covina does hereby resolve:
SECTION 1. That the City Council hereby urges the
Board of Supervisors to initiate a public authority financing
program under the provisions of a joint powers agreement
between the County of Los Angeles and the City of West Covina
by officially retaining A financial -'consultant and bond
counsellor.
SECTION 2. That the City Council hereby urges the
Board of Supervisors to take immediate action on a joint powers
agreement for the development of the needed County and City
facilities in the West Covina Civic Center while existing con-
struction estimates are still applicable.
SECTION 3. That the City Clerk shall certify to the
adoption of this Resolution.
Adopted and approved this 12A day of Septemjt�x, 1966.
y
I hereby certify that the foregoing resolution was
duly adopted by the City Council of the City of West Covina at
a regular meeting thereof held on the 12th day of September,
1966, by the following vote of the Council:
AYES: Councilmen
0 NOES: Councilmen
ABSENT: Councilmen
Gillum, Nichols, Snyder, Gleckman, Mayor Krieger
None
None
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City Clerk