Res F-03-01RESOLUTION 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.
ATTEST:
L~rJ ,~nne
Michae~gna,
Chairman
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:
NOES: NONE
ABSENT: HIGGINSON
ABSTAIN: NONE
EMERY, GOLDBY, REXFORD, CAFAGNA
L~"~/~n-ne Peoples, Sec-retary [
Poway Public Financing Authority