Resolution 6118 - Laserfiche WebLink

• Whereas, the Everett City Council finds that EMC chapter 2.104 (Ord. 1016-84, 1984), which was enacted with respect to public corporations created under authority that pre- dates RCW section 35.21.735(8), is not applicable to the Company; NOW, THEREFORE, it is hereby resolved by the City Council of the City of Everett as follows: Section 1. The recitals above are hereby incorporated into this Resolution by this reference. Section 2. The Mayor, or the City Council President in the Mayor's absence, is authorized to: 2.1 execute, deliver and file (or cause to be executed, delivered and filed) the Company certificate of formation, the Company operating agreement and all forms, certificates, applications and other documents that are necessary to form the Company; 2.2 approve, execute and deliver an application to the CDFI and any collateral documentation that he or she deems reasonable in order to certify the Company as a Community Development Entity; 2.3 approve, execute and deliver an application to the CDFI and any collateral documentation that he or she deems reasonable, in order to apply for an NMTC Allocation; 2.4 seek investors to purchase the New Markets Tax Credits allocated to the Company; 2.5 act as the Company's Authorized Representative; 2.6 review and present to City Council any and all proposed QLICI into any QALICB, following the receipt of any and all Advisory Board recommendations with regard to all proposed QLICIs; and 2.7 take any other action that he or she deems necessary and advisable to give effect to these resolutions and the transactions contemplated herein. Section 3. The City Council finds that EMC chapter 2.104 (Ord. 1016-84, 1984) does not apply to the Company because the Company is a limited liability company formed under authority granted in RCW section 35.21.735(8).