Res F-98-01RESOLUTION NO. F-98-01
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 therefor exists.
PASSED, ADOPTED AND APPROVED, by the Poway Public Financing Authority
of the City of Poway, California, at a meeting thereof this 6th day of January, 1998.
ATTEST:
ahlsten, Secretary
\
STATE O~CALIFORNIA )
) SS.
COUNTY OF SAN DIEGO )
Don Higginsor~,"Chairman
I, Marjorie K. Wahlsten, Secretary of the Poway Public Financing Authority, do
hereby certify under penalty of perjury that the foregoing Resolution No. F-98-01 was duly
adopted by the Poway Public Financing Authority at a meeting of said Agency held on the
6th day of January, 1998, and that it was so adopted by the following vote:
AYES: CAFAGNA,
NOES: NONE
ABSTAIN: NONE
ABSENT: NONE
EMERY, GOLDBY, REXFORD, HIGGINSON
Marjorie t~. Wahlsten, Secretary
Poway P~blic Financing Authority