City Council

5. Adoption of a Resolution Approving Membership in the California Enterprise\nDevelopment Authority and Authorizing the Execution of an Associate Membership\nAgreement This item considers the approval of a Resolution for membership in the California\nEnterprise Development Authority (CEDA) and authorizes the City Manager to execute the\nAssociate Membership Agreement allowing for the City to serve as a conduit issuer of various\ntypes of tax-exempt bond financing for businesses seeking to locate in the City of La Verne, with\nno financial obligation of the City.\nRecommendation: That the City Council adopt a Resolution titled, "A RESOLUTION OF THE\nCITY COUNCIL OF THE CITY OF LA VERNE, STATE OF CALIFORNIA, APPROVING\nASSOCIATE MEMBERSHIP IN THE CALIFORNIA ENTERPRISE DEVELOPMENT\nAUTHORITY AND THE EXECUTION OF AN ASSOCIATE MEMBERSHIP AGREEMENT."