Res F-99-01RESOLUTION NO. F-99-01
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. 91-118 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 19th day of January, 1999.
ATTEST: ~
LorI Anne Peoples, Secretary
'~~alrman
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-99-01 was duly adopted by the Poway Public
Financing Authority at a meeting of said agency held on the 19th day of January, 1999, and that it was so adopted
by the following vote:
AYES: EMERY, GOLDBY, HIGGINSON, REXFORD, CAFAGNA
NOES: NONE
ABSTAIN: NONE
ABSENT: NONE
L~ri[Anne Peoples, S~creltary
Poway Public Financing Authority