HomeMy WebLinkAbout06-081 CC Resolution
I
I
I
RESOLUTION NO. 06-81
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF TEMECULA PROVIDING FOR THE TERMINATION OF
THE WINCHESTER HILLS FINANCING AUTHORITY
THE CITY COUNCil 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 City 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:/Resos 2006lResos 06-81
I
PASSED, APPROVED, AND ADOPTED by the City Council of the City of
Temecula this 26th day of September, 2006.
~J~:Ma~'
ATTEST:
tJ
~
'.
I
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Susan W. Jones, MMC, City Clerk of the City of Temecula, do hereby certify that
the foregoing Resolution No. 06-81 was duly and regularly adopted by the City Council of
the City of Temecula at a meeting thereof held on the 26th day of September, 2006, by the
following vote:
AYES: 5
COUNCIL MEMBERS:
Comerchero, Edwards, Naggar,
Washington, Roberts
NOES: 0
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
None
ABSENT: 0
None
ABSTAIN: 0
None
I
. Jones, MMC
City Clerk
R:/Resos 2006lResos 06-81
2