2015-044 - Consenting to Inclusion of Properties Within The City's Jurisdiction in the California Home Finance

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ilk aceotiltilog based ew a diffcrem Gsctl year pretiously. b. Prior to the beiimning or each fiscal year, die fic card shall adapt a budget for the succecdfmg fiscal year. C. The Authority shall tstahlish alit Inaiutilt such t'uuds and accounts as may he requinel by gencrdly accepted accounting priuciples. The books and recomis of the Authority are public rccortls and shall be olscu to inspeetiou :at al] rcaisoltabiv tmos by each Member and its representatives. it. The Auditor shall either rila(cc, or contrart uida a eerdliod public aerountaul or public accountat to make, an annual outfit or the accounts all([ records of die Authority. 7`lle mininum requirements of' the aurlil shall be those prescribed by tic Suue Coutrollcr for special distlicts rider Scetiou 26909 of the (,overnmcnt Code of the State of Cadil'oruia, and shall couroraa to geuerally accepted aaditiog stmatards. Wilell an audit of accounts and records is matte by a certified public accountant or public accouutatut a report thereof ab141 he tiled as it public record with each Member Guld also with the auditor of Saeruucuto 4camtY as the county it, which the Authority's office is located) within 12 mouths after the end of the fiscal year, e, lu fury year in which file animal budget of the Atadiority sloes not exceed live thousauld dollars 65,000.00), tle Board may, upou urmiincous approval ordic Boaarl, replace tie annual audit with mi ensuing one-year period, but fit no event for It period lonIfer tiau two fiscal years. 16, shades ofMemberr or Associate Members; Broach 11' any Member or Associate Member shall default in perf'ormiitg atcy coveuaut volivailled berein, such deramit shall not excuse that Member or Associate Member from fulfilling its otfier obligations hcrt:under, and such debudthig Member or Associate Member shall rena:uaa liablc for the performance of all covctiacnts hereof. Emh Member or Associate Member hereby declares that dais Agmeruut is eutered into for the. benefit of the Authority created hereby, laid each Member or Associate Member hemby tuants to die Authority lite right to eurorcc, by whatever lawlil ineans the Authority deems appropriate, ;ill of tlic obligations or each of file parties herel.lyder. Each rout all of the remedies given to the Authority hereunder or by any law now or hereafter ettu•tcd are ctnnulative, and the exercise or one right or remedy, slurp not impair dot liltlu of the Authority to any or all other remedies. 17, 11nde>muificallou To the full extent permitted by law, the Board may tmtaol-h itulenulilicadoli by lite Authority of auay person who is ar wasat Bomxt Delepte, alternate, olliccr, consultant, employee or other agent or the Authority, :and who was or is a party or is ltreatetied to he irrvle to party to it proceeding by reason of the fat1 that such person is or was such I Delepie, alteruide, officer, cotisultam, employee or older aput orthe Authority. Such indemuilicalicn ntly be trade Against expenses, judgituws, fitias, setteintnts and other anialmtti adUtIlY muf m:aasoeiubly incurred ill connection Willi such proceeding, if'such person aeled iu good Nth mitt Ili a mumer %it'll Imrsoil remotlably belim(I to he in the hest interests of ore Authority Kill, fit the raft of at eriutillel Resolution No. 2015-044 Page 12 of 16