Item 9 - Waiver of Annual Meeting for the Poway Public Financing Authority AGEN A REPORT SU IInARY 4 ! \"r
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TO: Honorable Mayor and Members of_e City Council err).
740
FROM: James L. Bowersox, City Mana
INITIATED BY: Lori Anne Peopl_ :, City Clerk
DATE: January 8, 2002
. SUBJECT: Waiver of Annual Meeting for the Poway Public Financing Authority
ABSTRACT
Pursuant to the provisions of the Bylaws, it is recommended that the Poway Public Financing
Authority, adopt a resolution waiving the requirement for its annual meeting.
ENVIRONMENTAL REVIEW
This action is not subject to CEQA review.
FISCAL IMPACT
None.
ADDITIONAL PUBLIC NOTIFICATION AND CORRESPONDENCE
None.
RECOMMENDATION
It is recommended that the Poway Public Financing Authority adopt the attached resolution
waiving the requirement for an annual meeting.
•
ACTION Approved staff recommendation. Adopted Resolution No. F-02-01, 5-0.
dItizaktO sly
Lori Anne Peoples , City Clerk
aNettlAcrtydrk agencLAfinanw.,,u„
1 of 4 January 8, 2002 Item #__) _
G`� OF Po` gy
CITY OF POWA „ _
AGENDA REPORTegT IN THE CC)e
This report is included on the Consent Calendar. There will be no separate discussion of the report prior to approval by the City Council unless members of the Council,
staff or public request it to be removed from the Consent Calendar and discussed separately. II you wish to have this report pulled for discussion,please fill out a slip
indicating the report number and give it to the City Clerk prior to the beginning of the City Council meeting.
TO: Honorable Mayor and Members of the City Council
•
FROM: James L. Bowersox, 'ty Mana•
INITIATED BY: Lori Anne Peoptt City Clerk
DATE: January 8, 2002
SUBJECT: Waiver of Annual Meeting for Poway Public Financing Authority
BACKGROUND
On October 8, 1991, the City Council and the Poway Redevelopment Agency approved the formation
of the Poway Public Financing Authority, a joint powers authority, pursuant to the Marks-Roos Local
Bond Pooling Act of 1985. The Authority was formed for the purpose of assisting the City and the
Redevelopment Agency in financing and refinancing public capital improvements. The Bylaws state
that the Authority shall hold at least one regular meeting each year unless waived by a resolution
adopted by the Authority. It is recommended that the Poway Public Financing Authority adopt the
attached resolution waiving the requirements of its annual meeting.
FINDINGS
None required.
FISCAL IMPACT
None.
ENVIRONMENTAL REVIEW
None.
ADDITIONAL PUBLIC NOTIFICATION AND CORRESPONDENCE
None.
RECOMMENDATION
It is recommended that the Poway Public Financing Authority adopt the attached resolution waiving
the requirement for an annual meeting.
JLB:Iap
Attachment : Proposed resolution
N:\dtyJeglslalldtydrk\agenda\finannl.rpt
2 of 4 January 8, 2002 Item #_ I_
RESOLUTION NO. F-02-01
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");
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 8th day of January, 2002. •
Michael P. Cafagna, Chairman
ATTEST:
Lori Anne Peoples, Secretary
3 of 4 January 8, 2002 Item #_q_
Resolution No. F-02-01
Page 2
STATE OF CALIFORNIA )
) ss.
COUNTY OF SAN DIEGO )
I, Lori Anne Peoples, Secretary of the Poway Public Financing Authority, do hereby
certify under penalty of perjury that the foregoing Resolution No. F-02-01 was duly adopted
by the Poway Public Financing Authority at a meeting of said agency held on the 8th day of
January, 2002, and that it was so adopted by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
Lori Anne Peoples, Secretary
Poway Public Financing Authority
4 of 4 January 8, 2002 Item #_9_
RESOLUTION NO. F-02-01
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");
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 8th day of January, 2002.
-441
Michael P. Cg4ena, Chairman
ATTEST:
C--j 0)1A- OtA,--A.,`Lan NpS4--
Lori Anne Peoples, Secretary
•
RESOLUTION NO. F-03-01
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");
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 7th day of
January, 2003.
0i
Michael P. C :gna, Chairman
ATTEST:
•
Lo Anne Peoples, Secretay
1
i
Resolution No. F-03-01
Page 2
STATE OF CALIFORNIA )
ss.
COUNTY OF SAN DIEGO )
I, Lori Anne Peoples, Secretary of the Poway Public Financing Authority,
do hereby certify under penalty of perjury that the foregoing Resolution No. F-03-
01 was duly adopted by the Poway Public Financing Authority at a meeting of
said agency held on the 7th day of January, 2003, and that it was so adopted by
the following vote:
AYES: EMERY, GOLDBY, REXFORD, CAFAGNA
NOES: NONE
ABSENT: HIGGINSON
ABSTAIN: NONE
'
,1212)-
Lori 4nne Peoples, Secretary
Poway Public Financing Authority