Pursuant to the joint powers agreement between the city and the Chico Redevelopment Agency, the Chico Public Financing Authority is authorized, in its own name, to do all acts necessary for the exercise of its general powers, including but not limited to any of the following:
A. To make and enter into contracts;
B. To acquire, construct, manage, maintain, and operate any public capital improvements as defined in Section 6585(g) of the California Government Code, including the common power of both the city and the Chico Redevelopment Agency to acquire such improvements by any lawful means;
C. To sue and be sued in its own name;
D. To issue bonds and otherwise incur debts, liabilities, or obligations;
E. To apply for, accept, receive and disburse grants, loans and other aids from any agency of the United States of America or the state of California;
F. To invest any money in the treasury of the Chico Public Financing Authority in the same manner and under the same conditions as a local agency pursuant to Section 53601 of the California Government Code;
G. To make and enter into agreements, assignments and other documents of any nature whatsoever, as may be necessary or convenient in the exercise of the general powers of the Chico Public Financing Authority or under the joint powers laws of the state of California;
H. To make loans to the city or the Chico Redevelopment Agency in order to carry out the purposes of the Chico Public Financing Authority, or to refinance indebtedness incurred by the city or the agency in connection therewith; and
I. To exercise any and all other powers that may be provided for in the joint powers laws of the state of California including, but not limited to, the Marks-Roos Local Bond Pooling Act of 1985.
(Ord. 1829 (part))