Item 22 - Waiver of Annual Meeting for the Poway Public Financing Authority AGENDA REPOR r�,� °F '°'r,qr
CITY OF POWAY
This report is included on the Consent Calendar.There will be no separate discussion of the report prior to approval by the l 7•
City Council unless members of the Council.staff or public request it to be removed from the Consent Calendar and ",�F
discussed separately.If you wish to have this report pulled for discussion,please fill out a slip indicating the report number ' my ,.. THE C�V�--
and 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
FROM: James L. Bowersox, Executive Direc�w`
INITIATED BY: Marjorie K. Wahlsten, Secretary y-
Nancy Neufeld, Deputy Secretary_
DATE: January 7, 1992
SUBJECT: Waiver of Annual Meeting Requirement for Poway Public Financing
Authority
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ABSTRACT
It is recommended that the Poway Public Financing Authority, pursuant to the
provisions of the bylaws, adopt a resolution waiving the requirement for its
annual meeting.
BACKGROUND
On October 8, 1991, the City Council and Redevelopment Agency approved the for-
mation of the Poway Public Financing Authority, a joint powers authority, pur-
suant to the Marks-Roos Local Bond Pooling Act of 1985. The Authority was
formed for the purpose of assisting the City and 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.
FISCAL IMPACT
None anticipated.
RECOMMENDATION
It is recommended that the Poway Public Financing Authority adopt the attached
resolution waiving the requirement for an annual meeting.
JLB:MKW:nnn
Attachment: Resolution
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\\
ACTION: Adopted Resolution No. F-92-01 . _n____ _
'a cy 'ell, I puty City Clerk
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RESOLUTION NO. F-92-01 411
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
POWAY PUBLIC FINANCING AUTHORITY WAIVING ITS ANNUAL MEETING
I _ 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 oResolution No. 91-116 ofNo. R-91-16 of the PowayowaRedevelopPoway
nt "City: )
and
"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 inancing Authority of the
City of Poway, California, at a meeting thereof this 7 h day of January, 1992.
ATTEST: Jan Goldsmith, Chairman
LThaV ZV
Marjorie Wahlsten, Secretary
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO ss.
I , Marjorie K. Wahlsten, Secretary of the Poway Public Financing Authority,
do hereby certify under penalty of perjury that the foregoing Resolution No.
F-92- 01 was duly adopted by the Poway Public Financing Authority at a meeting
of said Agency held on the 7th of January , 1992, and that it was so
adopted by the following vote:
AYES: EMERY, HIGGINSON, MCINTYRE, SNESKO, GOLDSMITH
NOES: NONE
ABSTAIN: NONE
ABSENT: NONE
T ,
Marjori Wahlsten, Secretary
Poway P b is Financing Authority
41/
RESOLUTION NO. F-92 411
-
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 7th day of January, 1992.
Jan Goldsmith, 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-92- was duly adopted by the Poway Public Financing Authority at a meeting
of said Agency held on the of , 1992, and that it was so
adopted by the following vote:
AYES:
NOES:
ABSTAIN:
ABSENT:
Marjorie K. Wahlsten, Secretary
_. Poway Public Financing Authority
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