HomeMy WebLinkAboutPFA Reso No 2010-003RESOLUTION NO. 2010 -03 PFA
A RESOLUTION OF THE LAKE ELSINORE PUBLIC FINANCING
AUTHORITY ESTABLISHING A REGULAR MEETING SCHEDULE AND
PROVIDING FOR OTHER MATTERS RELATED THERETO
WHEREAS, on July 25, 1989, the City of Lake Elsinore Qhe "City ") and the
Redevelopment Agency of the City of Lake Elsinore (the "Agency "), entered into a Joint
Exercise Powers Agreement (the "Agreement') creating the Lake Elsinore Public
Financing Authority (the "Authority "), pursuant to Articles 1 through 4 (commencing with
Section 6500) of Chapter 5, Division 7, Title 1 of the Government Code of the State of
California (the "Act'); and
WHEREAS, as of January 1, 2010, California Government Code (the "Code ")
Section 6592.1 requires that a resolution authorizing bonds or any issuance of bonds or
accepting the benefit of any bonds or the proceeds of bonds shall be adopted by the
Authority only during a regular meeting held pursuant Section 54954 of the Code; and
WHEREAS, it now appears necessary and advisable for the Authority to establish a
more frequent regular meeting schedule.
NOW, THEREFORE, the Lake Elsinore Public Financing Authority does hereby
resolve as follows:
Section 1. The foregoing recitals are true and correct and the Authority
hereby so finds and determines.
Section 2. The Board hereby establishes a regular meeting schedule of the
Authority, consisting of the second (2 "d) and fourth (4th) Tuesday of every month at
7:00 p.m., or as soon thereafter as the City of Lake Elsinore City Council meeting is
concluded, for which an agenda is posted at least 72 hours in advance of the meeting
(each, a "Regular Meeting), beginning October 12, 2010.
Section 3. In the event there is no scheduled business to conduct, no
agenda for the Authority shall be posted and such Regular Meeting shall be
automatically canceled thereby.
Section 4. The Regular Meeting schedule established herein may be
amended by the adoption of a supplemental resolution by the Commission.
Section 5. The Chairman, Vice Chairman, Executive Director, Treasurer
and Secretary, or their respective designees, are, and each of them is, hereby
authorized and directed to do any and all things, and to execute and deliver any and
all documents which said officers may deem necessary or advisable in order to carry
out, give effect to and comply with the terms and intent of this Resolution.
Resolution No. 2010 -03 PFA
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Section 6. This Resolution shall take effect immediately upon its adoption.
PASSED, APPROVED AND
Directors of the Lake Elsinore Public
ATTEST:
CAROL CO LEY, CM
SECRETARTY
APPROVED AS TO
D LEIBOLD
COUNSEL
ADOPTED at a regular meeting of the Board of
Financing Authority this 12th day of October, 2010.
RYL HICKMAN
CHAIRMAN
Resolution No. 2010 -03 PFA
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STATE OF CALIFORNIA
COUNTY OF RIVERSIDE SS
CITY OF LAKE ELSINORE
I, CAROL COWLEY, Secretary of the Lake Elsinore Public Financing Authority,
hereby certify that Resolution No. 2010 -003 PFA was adopted by the Board of Directors of
the Lake Elsinore Public Financing Authority, at a regular meeting held on the 12th day of
October, 2010, and that the same was adopted by the following vote:
AYES: BOARD MEMBERS: BUCKLEY, MAGEE, MELENDEZ,
VICE -CHAIR BHUTTA AND CHAIRMAN HICKMAN
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
CAROL COWL Y, CM
SECRETARY