HomeMy WebLinkAboutPFA Reso 2015-02 RESOLUTION NO. WA -2U 1S-CD Z
RESOLUTION OF THE CATHEDRAL CITY PUBLIC
FINANCING AUTHORITY ESTABLISHING A REGULAR
MEETING SCHEDULE AND PROVIDING FOR MATTERS
RELATED THERETO
WHEREAS, the City of Cathedral City, California (the "City") and the Cathedral
City Redevelopment Agency have entered into that certain Joint Exercise of Powers Agreement,
dated as of December 1, 1993, establishing the Cathedral City Public Financing Authority (the
"Authority") for the purpose, among other things, of issuing its bonds to be used to provide
financing and refinancing for any purposes which are authorized by law; and
WHEREAS, in light of changes in State of California law applicable to the conduct
of business by the Authority, it is necessary and advisable for the Authority to establish a more
frequent regular meeting schedule.
NOW, THEREFORE, THE BOARD OF DIRECTORS OF THE
CATHEDRAL CITY PUBLIC FINANCING AUTHORITY HEREBY DETERMINES,
FINDS,AND RESOLVES AS FOLLOWS:
Section 1. Recitals. The Board of Directors of the Authority (the "Board") hereby
finds and declares that the above recitals are true and correct, and incorporates them in this
Resolution.
Section 2. Regular Meeting Schedule. The Board hereby establishes a regular
meeting schedule of the Authority consisting of June 22, 2015 and thereafter the second (2nd) and
fourth (4th) Wednesday of every month for which an agenda is posted for the Authority at least 72
hours in advance of such meeting (each, a"Regular Meeting"). Each such Regular Meeting shall be
held at 6:30 p.m. or thereafter on such date at City Civic Center Council Chambers, 68700 Avenida
Lalo Guerrero Cathedral City, California 92234.
Section 3. Cancellations without Convening. If 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. Amendment of Meeting Schedule. The Regular Meeting schedule
established herein may be amended by the adoption of a supplemental resolution by the Board.
Section 5. Delegation of Authority. The Chairman or Executive Director of the
Authority and any one of 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 such
officers may deem necessary or advisable to carry out, give effect to and comply with the terms and
intent of this Resolution.
Section 6. Effective Date. This Resolution shall take effect immediately upon its
adoption.
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Section 7. Certification. The Secretary shall certify to the adoption of this
Resolution, and thenceforth and thereafter the same shall be in full force and effect.
Notwithstanding the foregoing, such certification and any of the other duties and responsibilities
assigned to the Secretary pursuant to this Resolution may be performed by an Deputy Secretary
with the same force and effect as if performed by the Secretary hereunder.
APPROVED AND ADOPTED by the Board of Directors of the Cathedral City
Public Financing Authority, at a meeting held on the 10th day of June 2015.
CATHEDRAL CITY PUBLIC FINANCING
AUTHORITY
A■lare.*
Stan Henry, Chairman
ATTEST
ary F.Howe 1, Secrrta
STATE OF CALIFORNIA )
) s s
COUNTY OF RIVERSIDE )
I, Gary F. Howell, Secretary of the Cathedral City Public Financing Authority, DO
HEREBY CERTIFY that the foregoing Resolution was duly adopted at a meeting of the Board held
on the 10th day of June 2015, by the following vote to wit:
stair ICavne (e Gvld [cA �n', fnak-
AYES: 5- Cou���I m�v>n[�co n io, ov I-�vm
NOES: 0
ABSENT:
. "
Gary F. -well
Secretary
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