HomeMy WebLinkAbout06-08 RDA Resolution
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RESOLUTION NO. RDA 06-08
A RESOLUTION OF THE BOARD OF DIRECTORS OF
THE TEMECULA REDEVELOPMENT AGENCY OF THE
CITY OF TEMECULA PROVIDING FOR THE
TERMINATION OF THE WINCHESTER HILLS FINANCING
AUTHORITY
THE BOARD OF DIRECTORS OF THE TEMECUlA REDEVELOPMENT
AGENCY OF THE CITY OF TEMECUlA DOES HEREBY RESOLVE AS FOllOWS:
Section 1. The City of Temecula (the "City") and the Redevelopment Agency
of the City of Temecula (the "Agency") have heretofore entered into a Joint Exercise of
Powers Agreement (the "Agreement") establishing the Winchester Hills Financing
Authority (the "Authority") for the purpose, among others, of providing an entity which
can assist in providing financing and refinancing for public capital improvements in the
Winchester Hills Area of the City ('Winchester Hills").
Section 2. The Authority has issued its Winchester Hills Financing Authority
Community Facilities District No. 98-1 (Winchester Hills) Special Tax Bonds, 1998
Series A (the "Bonds"), to finance public capital improvements in Winchester Hills.
Section 3. All of the Bonds have been paid, redeemed or defeased and there
are no further plans to finance additional public capital improvements in Winchester
Hills.
Section 4. The City and the Agency have determined that maintenance of the
Authority as a separate public entity is no longer necessary or desirable and have
determined to terminate the Authority.
Section 5. In accordance with Section 6.01 of the Agreement, the Agency
hereby determines to terminate the Authority and the Agreement. In accordance with
Section 6.02 of the Agreement, all property of the Authority, both real and personal, if
any, shall be conveyed to the City. A notice of such termination is hereby authorized to
be provided to the Secretary of State of the State of California.
Section 6. This Resolution shall take effect from and after the date of its
passage and adoption.
R:/RDA REsos 2006lRDA 06-08
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PASSED, APPROVED, AND ADOPTED by the Board of Directors of the Temecula
Redevelopment Agency of the City of T emecula this 26th day of September, 2006.
Michael S. Naggar, Chairperson
ATTEST:
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STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Susan W. Jones, MMC, City Clerk/Board Secretary of the Temecula
Redevelopment Agency of the City of Temecula, do hereby certify that the foregoing
Resolution No. RDA 06-08 was duly and regularly adopted by the Board of Directors of the
Temecula Redevelopment Agency of the City of Temecula at a meeting thereof held on
the 26th day of September, 2006, by the following vote:
AYES: 5
BOARD MEMBERS:
Comerchero, Edwards, Roberts,
Washington, Naggar
NOES: 0
BOARD MEMBERS:
None
ABSENT: 0
BOARD MEMBERS:
None
ABSTAIN: 0
BOARD MEMBERS:
None
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Susan W. ones, MMC
C Clerk/B rd Secretary
R:/RDA REsos 2006lRDA 06-08
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