HomeMy WebLinkAbout2011-01 RESOLUTION NO. 2011-01
GRAND TERRACE PUBLIC FINANCING AUTHORITY
RESOLUTION OF THE GRAND TERRACE PUBLIC FINANCING AUTHORITY
ESTABLISHING REGULAR MEETING DATES
WHEREAS, the Grand Terrace Public Financing Authority (the "Authority") is a joint
exercise of powers authority organized and existing under Article 1 and Article 4 of Chapter 5 of
Division 7 of Title 1 of the Government Code of the State of California (the "JPA Act") for the
purpose of assisting its members and any related agencies or subdivisions (the "City") in the
financing or refinancing of particular projects; and
WHEREAS, to fulfill its purposes, the Authority, from time to time,'authorizes the issuance
of bonds or purchases bonds of other local agencies pursuant to the JPA Act; and
WHEREAS, Government Code Section 6592.1 provides that the Authority may adopt a
resolution authorizing bonds or any issuance of bonds or accepting the benefit of any bonds or the
proceeds of bonds only during a regular meeting of the Authority held pursuant to Government Code
Section 54954; and
WHEREAS, the Authority desires to adopt this resolution in accordance with the provisions
of Government Code Section 54954 to establish regular meeting dates;
NOW, THEREFORE, the Board of Directors of the Authority does hereby resolve as
follows:
SECTION 1. Recitals. Each of the foregoing recitals is true and correct.
SECTION 2. Regular Meeting Dates. Notwithstanding any provision to the contrary in the
joint powers agreement establishing the Authority, any bylaws of the Authority or in any prior
resolutions or actions of the Board of Directors of the Authority, from the date hereof, the regular
meetings of the Authority shall be held on fourth Tuesday in May at 6:00 p.m. (commencing with
May 24, 2011), and may be held as a joint meeting with the City Council of the City; provided,
however, if the regular meetings of the City Council of the City are changed so that they do not
include a meeting on the fourth Tuesday in May at 6:00 p.m., then the regular meeting dates and
times for the Board of Directors of the Authority shall, without further action by the Board of
Directors, be changed to be the same date and time as the regular City Council meetings. In the
event that the Secretary determines that there is no business of the Authority to be conducted at a
regular meeting, then the Chairman, the Secretary and other officers of the Authority are:authorized
to take whatever actions are required by law to cancel such regularly scheduled meeting.
SECTION 3. Other Actions. The Chairman, Vice Chairman, Executive Director, Treasurer,
Secretary and other officers of the Authority are authorized and directed,jointly and severally, to do
any and all things which they may deem necessary or advisable in order to effectuate the purposes of
this Resolution, and such actions previously taken by such officers are hereby ratified and confirmed.
The appointment of Brenda Mesa, City Clerk, as Secretary is hereby approved and ratified.
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SECTION 4. Effect. This Resolution shall take effect immediately upon adoption hereof.
THE FOREGOING RESOLUTION IS PASSED, APPROVED AND ADOPTED BY THE
GOVERNING BOARD OF THE GRAND TERRACE PUBLIC FINANCING AUTHORITY THIS
TWENTY-FOURTH(24th)DAY OF MAY, 2011,BY THE FOLLOWING ROLL-CALL VOTE:
AYES: Authority Members McNaboe,. Sandoval and Hays; Vice-Chairman Garcia and
Chairman Stanckiewitz
NOES: None
ABSTAIN: None
ABSENT: None
CHAIRMAN V
ATTEST:
CLERK
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STATE OF CALIFORNIA SECRETARY'S CERTIFICATE
COUNTY OF SAN BERNARDINO OF AUTHENTICATION
CITY OF GRAND TERRACE
I„ Brenda Mesa Secretary of the Grand Terrace Public Financing
Authority, DO HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
Resolution No.19=01 of said Authority and that said Resolution was adopted at the time and by the
vote stated on the above certificate, and has not been amended or repealed.
Secretary
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