The title and background of this article as set forth above are incorporated herein by reference.
The Council of the Municipality of Monroeville hereby approves
entering into the agreement, a copy of which is attached hereto and
incorporated herein by reference (and which shall be filed with the
minutes of the meeting at which this article was enacted), with the intent and effect that the Municipality of Monroeville
shall be bound by the agreement.
The Mayor is hereby
authorized and directed on behalf of the Council to execute and deliver
the agreement; and to execute and deliver such additional instruments,
and to take such further actions, as may be necessary or appropriate
to carry forth the agreement and the transactions to be effected under
the agreement, including financial commitments as set forth.
All action of any officer, agent or other representative of
the Municipality of Monroeville heretofore taken in the pursuit of
the establishment of the Tri-COG Land Bank and or the Municipality
of Monroeville's participation therein are hereby ratified and approved
in all respects.
The Mayor is hereby authorized to take such other action as
may be necessary or appropriate to carry out the purposes of this
article and of the agreement.
As required by the Act, the following matters are specifically found and determined:
A. The conditions of the agreement are set forth in the agreement;
B. The duration of the agreement is set forth in the agreement;
C. The purposes, objectives, powers and scope of authority granted in
the agreement are set forth in the recital clauses of this article and in the agreement;
D. The manner and extent of financing the agreement is through the allocation
of real estate taxes and budgetary contributions set forth in Sections
6.6 and 8.2, respectively, of the agreement, among other things;
E. The corporate organizational structure of the Tri-COG Land Bank shall
be comprised of a Board of Directors in accordance with its bylaws
as a Land Bank (the "bylaws");
F. All property, real of personal, of the Tri-COG Land Bank shall be
acquired, managed, licensed or disposed of in accordance with the
terms of the agreement and the bylaws;
G. The Tri-COG Land Bank is empowered to enter into contracts for policies
for group insurance and employee benefits for its employees, if any,
pursuant to the agreement.