This chapter is enacted to codify the provisions of that certain agreement between the city and the Chico Redevelopment Agency dated July 17, 1990, and entitled “Joint Exercise of Powers Agreement, Chico Public Financing Authority” which established a joint powers agency designated therein and hereinafter referred to as the Chico Public Financing Authority. Such agreement was approved and executed by the city and the Chico Redevelopment Agency pursuant to the joint powers laws of the state of California, as set forth in Chapter 5, Division 7, Title 1, of the California Government Code (commencing with Government Code Section 6500), including those provisions of the joint powers laws adopted by the Marks-Roos Local Bond Pooling Act of 1985, as set forth in Article 4, Chapter 5, Division 7, Title 1 of the California Government Code (commencing with Government Code Section 6584).
(Ord. 1829 (part))