City Council

2.12 CREATION OF THE IRVINE FACILITIES FINANCING AUTHORITY\nTHROUGH THE ACTIVATION OF THE PARKING AUTHORITY OF THE CITY\nOF IRVINE AND THE FORMATION OF THE IRVINE FACILITIES FINANCING\nAUTHORITY\nACTION:\n1) Adopt - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF\nIRVINE, CALIFORNIA, DECLARING THAT THERE IS A NEED FOR A\nPARKING AUTHORITY TO FUNCTION IN THE CITY, DECLARING THAT\nTHE CITY COUNCIL SHALL BE THE PARKING AUTHORITY AND\nDESIGNATING AN INTERIM CHAIR OF THE PARKING AUTHORITY\n2) Adopt - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF\nIRVINE, CALIFORNIA, AUTHORIZING THE EXECUTION AND DELIVERY\nOF A JOINT EXERCISE OF POWERS AGREEMENT BY AND BETWEEN\nTHE CITY OF IRVINE AND THE PARKING AUTHORITY OF THE CITY OF\nIRVINE\n2.12