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Res F-02-01RESOLUTION NO. F-02-01 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-Roes 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 8th day of January, 2002. ATTEST: L~ri ~nne Peoples, S~cre~ry Michael P.~C'~ Chairman Resolution No. F-02-01 Page 2 STATE OF CALIFORNIA 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-02-01 was duly adopted by the Poway Public Financing Authority at a meeting of said agency held on the 8th day of January, 2002, and that it was so adopted by the following vote: AYES: NOES: NONE ABSENT: NONE ABSTAIN: NONE EMERY, GOLDBY, HIGGINSON, REXFORD, CAFAGNA L~i ~nne Peoples, Secretary Poway Public Financing Authority