Item 8 - Annual Meeting for the Poway Public Financing Authority and Apporval of Minutes for the April 1, 2008 Meeting •
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AGENDA REPORT SUMMARY ;`,�� or �w�;
'f- 'tv nye cO
TO: Honorable Chairman and Directors of e Poway Public Financing Authority
FROM: Rod Gould, Executive Director it
INITIATED BY: Linda A. Troyan, Secretary
DATE: January 6, 2009/
SUBJECT: Annual Meeting for the Poway Public Financing Authority and approval of minutes for
the April 1, 2008 meeting.
ABSTRACT
Pursuant to the provisions of the Bylaws, it is recommended that the Poway Public Financing
Authority hold its annual meeting.
ENVIRONMENTAL REVIEW
This action is not subject to CEQA review.
ISCAL IMPACT
None.
PUBLIC NOTIFICATION AND CORRESPONDENCE
None.
RECOMMENDATION
It is recommended that the Poway Public Financing Authority hold its annual meeting and approve
the Poway Public Financing Authority minutes for the April 1, 2008 meeting.
ACTION
ilk
1 of 5 January 6, 2009 Item #ej
Annual Meeting for Poway elic Financing Authority •
January 6, 2009
Page 2
ENVIRONMENTAL REVIEW
None.
FISCAL IMPACT
None.
PUBLIC NOTIFICATION AND CORRESPONDENCE
None.
RECOMMENDATION
It is recommended that the Poway Public Financing Authority hold its annual meeting and approve
the Poway Public Financing Authority minutes for the April 1, 2008 meeting.
41111
•
Janary 6, 2009 Item #
3 of 5
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Page 2 — Poway Public Financing Authority — April 1, 2008
Adiournment
Chair Cafagna adjourned the meeting at 7:32 p.m.
Secretary
Poway Public Financing Authority
4111
410
5 of 5 January 6, 2009 Item # S
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RESOLUTION NO. F-07-01
• A RESOLUTION OF THE BOARD OF DIRECTORS
OF THE POWAY PUBLIC FINANCING AUTHORITY
WAIVING ITS ANNUAL MEETING
WHEREAS, The Poway Public Financing Authority(the "Authority")was created on
October 8, 1991, pursuant to the Marks-Roos Local Bond Pooling Act of 1985 and
pursuant to Resolution No. 91-116 of the City of Poway(the "City") and Resolution No. R-
91-16 of the Poway Redevelopment Agency (the "Agency"); and
WHEREAS, the Board of Directors of the Authority(the"Board"), having determined
that no necessity currently exists for conducting an annual meeting of the Board, desires,
pursuant to the terms of that certain Joint Powers Agreement by and between the City and
the Agency executed on October 29, 1991 to waive its annual meeting requirement.
NOW THEREFORE BE IT RESOLVED, by the Board of Directors of the Poway
Public Financing Authority as follows:
Section 1. The foregoing statements are true and correct:
Section 2. The Board hereby waives the requirement of an annual meeting of the
Board and determines that, hereafter, all meetings of the Board shall be held only as and
when the Board determines in its sole discretion that the necessity therefore exists.
PASSED, ADOPTED AND APPROVED, by the Poway Public Financing Authority of
the City of Poway, California, at a meeting thereof this 2nd day of January 2007.
�J=
Michael P. C. agyiliP airman
ATTEST:
&-44`12Adie,x-
L. Di ne Shea, Secretary
Resolution No. F-07-01
Page 2
STATE OF CALIFORNIA )
) ss.
COUNTY OF SAN DIEGO )
I, L. Diane Shea, Secretary of the Poway Public Financing Authority, do hereby
certify under penalty of perjury that the foregoing Resolution No. F-07-01 was duly adopted
by the Poway Public Financing Authority at a meeting of said Agency held on the 2nd day
of January 2007, and that it was so adopted by the following vote:
AYES: BOYACK, EMERY, HIGGINSON, REXFORD, CAFAGNA
NOES: NONE
•
ABSENT: NONE
DISQUALIFIED: NONE ��
�` QLll� c �\ G� '``�`"
L. Diane Shea, Secretary
Poway Public Financing Authority