HomeMy WebLinkAbout06-01 WHFA Resolution
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RESOLUTION NO. WHFA 06-01
A RESOLUTION OF THE BOARD OF DIRECTORS OF
THE WINCHESTER HILLS FINANCING AUTHORITY
APPROVING THE TERMINATION OF THE WINCHESTER
HILLS FINANCING AUTHORITY
THE BOARD OF DIRECTORS OF THE WINCHESTER HILLS FINANCING
AUTHORITY DOES HEREBY RESOLVE AS FOLLOWS:
Section 1. The City of T emecula (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. Termination by the City and the Agency of the Authority is hereby
approved. 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:IWHFA Reses 2006IWHFA 06-01
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PASSED, APPROVED, AND ADOPTED by the Board of Directors of the
Winchester Hills Financing Authority this 26th day of September, 2006.
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Ron Roberts, Chairperson
ATTEST:
[SEAL]
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Susan W. Jones, MMC, City Clerk/Board Secretary of the Winchester Hills
Financing Authority, do hereby certify that the foregoing Resolution No. WHFA 06-
was duly and regularly adopted by the Board of Directors of the Winchester Hills Financing
Authority at a meeting thereof held on the 26th day of September, 2006, by the following
vote:
AYES: 5
BOARD MEMBERS:
NOES: 0
BOARD MEMBERS:
ABSENT: 0
BOARD MEMBERS:
ABSTAIN: 0
BOARD MEMBERS:
R:IWHFA Resos 2006IWHFA 06-01
Comerchero, Edwards, Naggar,
Washington, Roberts
None
None
None
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