Chico Municipal Code Ch. 2R.46 Chico Public Financing

Section:

2R.46.010 General provisions.

The city of Chico and the Chico redevelopment agency have heretofore approved and executed that certain joint powers agreement dated July 17, 1990, which established the Chico public financing authority for the purpose of facilitating the financing of land, facilities and equipment to be used for the public purposes of the city or the agency. Such agreement is codified in Chapter 2.46 of this code. The purpose of this chapter is to set forth the bylaws of the Chico public financing authority, all as provided for by the joint powers agreement and Chapter 2.46 of this code.

(Res. No. 11 90-91 (part))

2R.46.020 Meetings.

All meetings of the board of directors of the Chico public financing authority shall be held at the times and in the manner established for meetings of the city council, or at such other times as may be determined by the board of directors of the authority.

(Res. No. 11 90-91 (part))

2R.46.030 Quorum.

A majority of the board of directors of the Chico public financing authority shall constitute a quorum for the transaction of business.

(Res. No. 11 90-91 (part))

2R.46.040 Minutes of meetings.

The secretary of the Chico public financing authority shall be responsible for minutes of all meetings of the authority.

(Res. No. 11 90-91 (part))

2R.46.050 Fiscal year.

The fiscal year of the Chico public financing authority shall commence on July 1 of each calendar year and end on June 30 of the succeeding calendar year.

(Res. No. 11 90-91 (part))

2R.46.060 Seal.

The executive director of the Chico public financing authority is hereby authorized to obtain a seal for the authority which shall include the name of the authority and the date of its establishment.

(Res. No. 11 90-91 (part))

2R.46.070 Authority address.

The mailing and office address of the Chico public financing authority shall be the mailing and office address of the city clerk.

(Res. No. 11 90-91 (part))

2R.46.080 Contributions by city and Chico redevelopment agency.

The city and Chico redevelopment agency may, but shall not be required, to:

A. Make contributions from their respective treasuries to carry out any of the purposes of the Chico public financing authority;

B. Make payments of public funds to defray the cost of carrying out such purposes;

C. Make advances of public funds to carry out such purposes; or

D. Use their personnel, equipment, or property in lieu of other contributions, payments or advances.

(Res. No. 11 90-91 (part))

2R.46.090 Funds.

Subject to the applicable provisions of any instrument or agreement to which the Chico public financing authority is a party and which provides for a trustee to receive, have custody of, and disburse authority funds, the treasurer of the authority shall receive, have custody of, and disburse all authority funds as may be necessary to carry out the purposes of the authority, all in accordance with generally accepted accounting practices.

(Res. No. 11 90-91 (part))

2R.46.100 Accounts and reports.

To the extent not covered by the duties of a trustee chosen by the Chico public financing authority, the treasurer shall establish and maintain such funds and accounts as may be required by good accounting practices or any provision of any trust instrument entered into with respect to the proceeds of any bonds issued by the authority. The books and records of the Chico public financing authority in the hands of a trustee or the treasurer shall be open to inspection at all reasonable times by representatives of the city or the Chico redevelopment agency. The treasurer, within one hundred eighty days after the close of each fiscal year of the authority, shall give a complete written report of all financial activities for such fiscal year to the city and the Chico redevelopment agency to the extent such activities are not covered by the report of such trustee. The trustee appointed under any trust agreement shall establish suitable funds, furnish financial reports and provide suitable accounting procedures to carry out the provisions of such trust agreement. Such trustee may be given such duties in such trust instrument as may be desirable to carry out the purposes of the Chico public financing authority.

(Res. No. 11 90-91 (part))

2R.46.110 Bonding of officers.

From time to time the board of directors of the Chico public financing authority may require any officers of the authority who have charge of, handle, or have access to funds or any other property of the authority to file an official bond in an amount to be fixed by the board.

(Res. No. 11 90-91 (part))

2R.46.120 Environmental review guidelines.

The environmental review guidelines of the city as set forth in Chapter 1.40 of this code are hereby adopted as the environmental review guidelines of the Chico public financing authority.

(Res. No. 11 90-91 (part), Res. No. 133 95-96 §5)

2R.46.130 Conflict of interest code.

A. Adoption of Model Conflict of Interest Code. The Model Conflict of Interest Code as set forth in Section 18730 of Title 2 of the California Code of Regulations together with any amendments thereto hereinafter enacted by the Fair Political Practices Commission is adopted by reference and constitutes the conflict of interest code of the Chico public financing authority.

B. Place of Filing Statements of Economic Interests. Members of the board of directors of the Chico public financing authority, authority officer and other authority personnel (hereinafter referred to as “authority officials”) shall file statements of economic interest with the authority secretary as provided for in Section 4(C) of the Model Conflict of Interest Code.

C. Disclosure Categories. The disclosure categories for authority officials provided for in Section 3 of the Model Conflict of Interest Code shall be as follows:

l. Disclosure Categories for Investments in Business Entities.

Category la. Authority officials in this category shall report any direct or indirect investment in a business entity worth more than $1,000 where the business entity is located or doing business in the city.

Category 1b. Authority officials in this category shall report any direct or indirect investment in a business entity worth more than $1,000 where the business entity is engaged in contracting with the authority or selling goods or services to the authority.

Disclosure Categories for Interest in Real Property.

Category 2. Authority officials in this category shall report any direct or indirect interests in real property worth more than $1,000 where the real property is located within the city or within two miles of the city’s boundaries.

Disclosure Categories for Sources of Income.

Category 3a. Authority officials in this category shall report any source of income, other than loans by a commercial lending institution in the regular course of business, aggregating $250 or more in value where the source of income is located or doing business in the city.

Category 3b. Authority officials in this category shall report any source of income, other than loans by a commercial lending institution in the regular course of business, aggregating $250 or more in value where the source of income is engaged in contracting with the authority or selling goods or services to the authority.

Disclosure Categories for Business Entities in Which the Authority Official is a Director, Officer, Partner, Trustee, Employee or Holds Any Position in Management.

Category 4a. Authority officials in this category shall report any business entity in which the authority official is a director, officer, partner, trustee, employee or holds any position in management where the business entity is located or doing business in the city.

Category 4b. Authority officials in this category shall report any business entity in which the authority official is a director, officer, partner, trustee, employee or holds any position in management where the business entity is engaged in contracting with the authority, or selling goods or services to the authority.

D. Designated Authority Officials. The designated authority officials provided for in Section 2 of the Model Conflict of Interest Code, and the disclosure categories applicable to such designated authority officials shall be as follows:

Designated Authority Official	Disclosure Category
Members of the authority’s board of directors, including the board’s chairperson and vice-chairperson	1a,b; 2; 3a,b; 4a,b
Executive director	1a,b; 2; 3a,b; 4a,b
Authority counsel	1a,b; 2; 3a,b; 4a,b
Secretary	1b; 2; 3b; 4b
Treasurer	1b; 2; 3b; 4b

E. Consultants. The disclosure categories applicable to consultants of the Chico public financing authority shall be determined by the authority executive director or a designee based on the nature of the services to be performed for the authority by such consultants. Such determination shall be made in writing and shall contain a description of the consultants’ duties. A copy of such determination shall be forwarded to the authority secretary and shall be retained by the authority’s secretary for public inspection in the same manner and in the same location as the authority’s conflict of interest code.

(Res. No. 111 91-92 §3, Res. No. 02 03-04)