HomeMy WebLinkAboutPublic Financing Authority - 19 HUNTINGTON BEACH PUBLIC FINANCING AUTHORITY
RESOLUTION NO. 19
RESOLUTION ESTABLISHING REGULAR MEETING DATES
FOR AUTHORITY MEETINGS
RESOLVED, by the Board of Directors of the Huntington Beach Public Financing
Authority (the "Authority") as follows:
WHEREAS, the Authority is a public agency duly organized and existing pursuant to a
Joint Exercise of Powers Agreement (the "JPA Agreement"), dated March 8, 1988, by and
between the City of Huntington Beach (the "City") and the Redevelopment Agency of the City
of Huntington Beach(the "Agency");
WHEREAS, the Authority is governed by a board of directors comprised of the seven
member City Council of the City;
WHEREAS, the Authority is statutorily authorized by Article 4 of Chapter 5 of Division
7 of Title 1 of the California Government Code and is empowered under the JPA Agreement to
issue its bonds to, among other things, provide financial assistance to the City and/or the
Agency;
WHEREAS, section 6592.1 of the California Government Code, newly effective as of
January 1, 2010, provides that a resolution authorizing bonds or any issuance of bonds or
accepting the benefit of any bonds or the proceeds of bonds must be adopted by the Authority
only during a regular meeting; and
WHEREAS, to provide flexibility for the Authority to adopt resolutions for the issuance
of bonds when expedient, it is necessary and appropriate to establish regular meeting dates for
the Authority;
NOW, THEREFORE, it is hereby ORDERED and DETERMINED, as follows:
Section 1. The Authority hereby determines that the first and third Monday of each
month shall be established as regular meeting dates of the Authority, to be held in conjunction
with regular meetings of the City Council of the City. Such establishment of regular meeting
dates shall not preclude the calling of special meetings of the Authority, when necessary, for
purposes other than the adoption of resolutions for the issuance of bonds.
PFA Resolution No. 19
Section 2. This Resolution shall take effect from and after the date of its passage and
adoption.
PASSED AND ADOPTED by the Huntington Beach Public Financing Authority at a
meeting thereof on April 05 , 2010.
Chair
ATTEST: APPROVED AS TO FORM:
Q04-yj 57 Z-C,
Seer ry 4 Authority Attorney
REV NPPROVED:
Au o ity dministrator
-2-
Ices. No. 19
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF HUNTINGTON BEACH )
I, JOAN FLYNN, the duly elected, qualified Secretary of the
Huntington Beach Public Financing Authority, do hereby certify that the
whole number of members of the Board of Directors of the Huntington Beach
Public Financing Authority is seven; that the foregoing resolution was passed and
adopted by the affirmative vote of at least a majority of all the members of said
Board at a special meeting thereof held on April 5, 2010 and that it was so
adopted by the following vote:
AYES: Directors: Carchio, Coerper, Hardy, Green, Bohr, Dwyer, Hansen
NOES: Directors: None
ABSENT: Directors: None
ABSTAIN: Directors: None
ecretary of the Board Directors
of the Huntington Beach Public
Financing Authority