Item 21 - Waiver of Annual Meeting for the Poway Public Financing Authority ®AGENDA REPORT SUMMARY
TO: Chairman and Directors of the Poway Public ��t OF poir,:i ,
Financing Authority
t44 1010?FROM: James L. Bowersox, Executive Direc .. I 44,
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INITIATED BY: John D. Fitch, Assistant Executive Directo r
Marjorie K. Wahl sten, Secretary-7ko-
DATE: January 9, 1996 U
SUBJECT: Waiver of Annual Meeting for 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
None required.
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 Adopted Resolution F-96-01. 4-0, Councilmember Gallery absent.
Marjorie K. Wahlsten, City Clerk
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> of 3 JAN 91996 IlEM 21
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AGENDA REPORT
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 end discussed separately. If you wish to have this
report pulled (or discussion, please fill out a slip indicating the report number end give it to the City Clerk prior to the beginning of the City
Council meeting.
TO: Chairman and Directors of the Poway Public Financing Authority
e
FROM: James L. Bowersox, Executive Direct=
INITIATED BY: John D. Fitch, Assistant Executive Directo
Marjorie K. Wahlsten, Secretary"Ylts_
DATE: January 9, 1996 u
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 requirement of its
annual meeting.
FINDINGS
Pursuant to the provisions of the bylaws, it is in order to adopt this
resolution.
FISCAL IMPACT
None
ENVIRONMENTAL REVIEW
None required .
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:MKW:ml
Attachments:
Proposed resolution
3< \p
sgsntlear etf n.rpt JAN 91996 ITEM 21
2of3
RESOLUTION NO. F-961 41,
-
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 therefor exists .
PASSED, ADOPTED AND APPROVED, by the Poway Public Financing Authority of
the City of Poway, California, at a meeting thereof this 9th day of January,
1996.
Don Higginson, Chairman
ATTEST:
Marjorie K. Wahlsten, Secretary
STATE OF CALIFORNIA
) ss .
COUNTY OF SAN DIEGO
I , Marjorie K. Wahlsten, Secretary of the Poway Public Financing
Authority, do hereby certify under penalty of perjury that the foregoing
Resolution No. F-S:6- was duly adopted by the Poway Public Financing
Authority at a meeting of said Agency held on the 9th day of January, 1996,
and that it was so adopted by the following vote:
AYES:
NOES:
ABSTAIN:
ABSENT:
Marjorie K. Wahlsten, Secretary
Poway Public Financing Authority
3\wpkesolu\pub.fin
L3 of 3 I JAN 9 1996 ITEM 21
RESOLUTION NO. F-96-0: •
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 therefor exists.
PASSED, ADOPTED AND APPROVED, by the Poway Public Financing Authority of
the City of Poway, California, at a meeting thereof this 9th day of January,
1996.
Don Higginson, h ma
ATTEST:
7.20-4-1
Marjorie' K. Wahlsten, Secretary
STATE OF CALIFORNIA )
) ss.
COUNTY OF SAN DIEGO )
I , Marjorie K. Wahlsten, Secretary of the Poway Public Financing
Authority, do hereby certify under penalty of perjury that the foregoing
Resolution No. F-96- 01 was duly adopted by the Poway Public Financing
Authority at a meeting of said Agency held on the 9th day of January, 1996,
and that it was so adopted by the following vote:
AYES: CAFAGNA, EMERY, REXFORD, HIGGINSON
NOES: NONE
ABSTAIN: NONE
ABSENT: CALLERY
11,k t -
ar orie K. VahTsten, Secretary
Poway Public Financing Authority
3\wp\reeolu'pub.fin J
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.
Michael P. C. agAJ airman
ATTEST:
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
L. lane Shea. Secretary
Poway Public Financing Authority