6. RESOLUTION OF CITY COUNCIL AND RESOLUTION OF HOUSING AUTHORITY BOARD EACH AUTHORIZING THE EXECUTION AND DELIVERY OF A JOINT EXERCISE OF POWERS AGREEMENT BETWEEN THE CITY AND HOUSING AUTHORITY The Tustin Public Financing Authority is a joint exercise of powers entity formed in 1995 between the City of Tustin and the now dissolved Tustin Redevelopment Agency and can no longer be used by the City for financing transactions. Staff is requesting the City Council and Housing Authority Board's approvals to execute a Joint Exercise of Powers Agreement between the City and Housing Authority, thereby forming a new financing authority to facilitate future financing transactions. - City of Tustin, CA

Meeting: Regular Meeting of the City Council/Closed Session-4:30 pm/Regular Meeting-6:00 pm

Meeting Time: April 01, 2025 at 6:00pm PDT

Agenda Item

6. RESOLUTION OF CITY COUNCIL AND RESOLUTION OF HOUSING AUTHORITY BOARD EACH AUTHORIZING THE EXECUTION AND DELIVERY OF A JOINT EXERCISE OF POWERS AGREEMENT BETWEEN THE CITY AND HOUSING AUTHORITY The Tustin Public Financing Authority is a joint exercise of powers entity formed in 1995 between the City of Tustin and the now dissolved Tustin Redevelopment Agency and can no longer be used by the City for financing transactions. Staff is requesting the City Council and Housing Authority Board's approvals to execute a Joint Exercise of Powers Agreement between the City and Housing Authority, thereby forming a new financing authority to facilitate future financing transactions.